EBF MORNING BRIEF Wednesday 6 September 2023 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
FT: Global financial watchdog warns of ‘further challenges and shocks’
As reported by the Financial Times (FT), the Financial Stability Board (FSB) has warned of “further challenges and shocks” in the months ahead, as high-interest rates undermine economic recoveries and threaten key sectors including real estate. Klaas Knot, FSB Chair, said the potential for further market stresses underscored the case for “fully and consistently” implementing global bank capital rules. Read more
Bloomberg: Lane says ECB sees core inflation slowing
European Central Bank (ECB) Chief Economist Philip Lane offered a cautiously optimistic take on inflation, saying slowing in goods and services gauges are welcome and that underlying pressures will keep weakening. According to Bloomberg, he didn’t specify a preference for what to do at the upcoming Sept. 14 interest-rate decision. Read more
CoinDesk: Digital euro to ward off a host of private payment service ills
The European Central Bank (ECB) is quite happy with the European Commission’s legislative proposals for the digital euro, CoinDesk writes. According to ECB executive board member Fabio Panetta, the proposals put “Europe at the forefront of advanced economies” in central bank digital currency (CBDC) development, potentially heading off private dominance of the financial sector and the ills that implies. Read more |
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MAIN EVENTS Council Trade Policy Committee — Experts (Services and Investment)
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS
NVB: Sustainability: Now it is the government's turn
Wouter Scheepen, Interim Director of MVO Nederland discusses how to make the banking sector more sustainable in an interview with the Dutch Banking Association (NVB). "Banks and businesses can make the economy more sustainable with voluntary declarations. But it is the government's turn for a sustainable system leap,” he says. Read more (NL)
SBA: Swiss financial center: solid and encouraging development
After a mixed year in 2023, the economic situation should improve in 2024 for banks in Switzerland: this is what emerges from the Swiss Banking Outlook, a survey carried out for the first time by the Swiss Bankers Association (SBA). Read more (FR)
UK Finance: Monthly Economic Insight - September 2023
September's review by UK Finance has a focus on international growth as they look at what was behind some of the better GDP data in the UK and the resilient US numbers. Some UK labor market indicators continue to surprise, but not in a good way for policymakers. UK Finance will look at what is next for interest rates. Read more |
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FROM THE INSTITUTIONS
ECB: Shaping Europe’s digital future
A digital euro would ensure that, in an increasingly digital world, central bank money is available to everyone, everywhere in the euro area, says European Central Bank (ECB) Executive Board member Fabio Panetta. It is now up to legislators to guarantee it would replicate key features of cash, like its privacy. Read more
BIS: Christine Lagarde: Communication and monetary policy
Christine Lagarde, President of the European Central Bank (ECB) talks about the importance of accessible and humble communication in a speech published by the Bank for International Settlements (BIS). Read more
EIOPA: Insurance statistics update for Q1 2023
The European Insurance and Occupational Pensions Authority (EIOPA) publishes comprehensive statistics on (re)insurance undertakings and groups active in the European Economic Area. The latest data is accompanied by a visual factsheet on how (re)insurers allocate €8.57 trillion in assets across different asset types and jurisdictions. Read more |
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FROM THE EBF
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
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ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact v.barbieri@ebf.eu
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