EBF WEEKLY + FINANCIAL REGULATION AGENDA
For the week starting Monday 13 January 2025 An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, brought to you by the European Banking Federation. Recommend the EBF newsletters to a colleague. Click here to sign up! |
|
FROM THE MEDIA
FT: UK government seeks to quell turmoil in bond markets as borrowing costs soar
The British government sought to quell tumult in UK bond markets on Thursday by vowing to stick to its fiscal rules even as borrowing costs hit their highest level since the financial crisis, as mentioned on Financial Times. Read more Bloomberg: China Paves Way for Possible EU Retaliation as Probe Ends China said the European Union’s measures to shield its companies from foreign subsidies are a barrier to trade and investment, marking the latest clash in the ongoing trade dispute between the two sides, reports Bloomberg. Read more S&P: Poland's Pekao shows highest growth potential among CEE, SEE bank stocks Bank Pekao, Poland's second largest lender, had an implied share price upside of over 29% as of Jan. 3, compared with a median of 19.4% for a sample of large banks in central and southeast Europe, S&P Global Market Intelligence data shows. Read more The Banker: Why banks should not ignore the possibility of a de-dollarised world Economic data, geopolitics and CBDC developments point to a future fragmented system no longer dominated by the US dollar. The dominance of the US dollar as an international currency, along with its role as the backbone of the global payment infrastructure, has long been a source of discontent. Read more |
|
FINANCIAL REGULATION AGENDA for next week
Monday 13 January
Council Horizontal Working Party on Cyber Issue ECB: Euro area households and non-financial corporations (Q3 2024) Tuesday 14 January ECB: Long term interest rates statistics (Dec. 2024) Council Working Party of Financial Counsellors Wednesday 15 January Deutsche Bundesbank: Gloomy prospects? – How are the economy and prices developing in Germany? Forum Bundesbank Council Working Party on Competitiveness and Growth – Internal Market ECB: ECB and Eurosystem templates on international reserves and foreign currency liquidity (Dec. 2024) European Banking Authority ‘Public hearing on Regulatory Technical Standards on the conditions for assessing the materiality of extensions and changes of internal approaches for credit, market and operational risk' European Cybersecurity Organisation ‘Building Resilience with Cyber Threat Intelligence: Key Insights & Practical Application’ event Thursday 16 January Bank of England: Bank Liabilities Survey (2024 Q4) UNECE ‘GRVA Workshops on Cybersecurity’ Council Horizontal Working Party on Cyber Issues Council Working Party on Competitiveness and Growth – Internal Market Council Working Party on Financial Services and the Banking Union (Banking Union) EBA: Public hearing on Regulatory Technical Standards on CCP to strengthen fight against financial crime W@Competition, GCLC Event ‘Merger Control for Competitive Europe’ Chatham House ‘In conversation with HE Mehmet Simsek, Minister of Finance for Türkiye’ Friday 17 January Council Working Party on Financial Services and the Banking Union (Banking Union) ECB: Euro area seasonally adjusted HICP (Dec. 2024) Council Working Party of Financial Counsellors |
|
FROM EBF MEMBERS Finance Finland: Men and women view investments in the defense industry differently While every second man believes that investments in the defense industry are ethically justifiable, the same is true for just under one in four women. The gender difference has likely been exacerbated by the war in Ukraine, even though both men and women have become more positive toward investments in the defense industry since the outbreak of the war. Read more (FI) Slovak Banking Association: Slovak banks adopt SEPA instant payments The crediting of funds to a bank account within a few seconds, anytime and anywhere thanks to the continuous availability of instant payments, is gradually becoming a reality. Banks operating in Slovakia, as part of the Eurozone banking sector, from today accept SEPA instant payments in accordance with the Regulation on SEPA Instant Payments. Read more (SK)
Finance Latvia: What improvements do Latvian residents plan to make in their homes in the New Year?
As the New Year begins, many people resolve to improve their quality of life, including the practical and aesthetic environment of their homes, to feel more comfortable and pleasant in their daily lives. A survey conducted by Luminor found that the majority of residents (85%) plan to make home improvements in the New Year, such as purchasing new furniture or undertaking cosmetic or major renovations. Read more (LV) |
|
FROM THE INSTITUTIONS
ECB: Why gradual and predictable? Bank lending during the sharpest quantitative tightening ever
The paper examines the ECB’s 2022 recalibration of central bank funding, showing that a sharp reabsorption of bank liquidity tightens credit supply as intended during balance sheet reductions. It highlights how banks, accustomed to high liquidity, face adjustment challenges and underscores the real economic effects of reduced credit supply. Read more
ESMA: ESMA publishes latest edition of its newsletter
ESMA’s Spotlight on Markets highlights MiCA’s entry into force, updates on sustainable investments, transparency under MiFID II and MiFIR, and insights on credit ratings. It also covers consultations on DORA, ESEF, MAR, and AIFMD, offering a comprehensive overview of recent EU financial market developments. Read more
BIS: The use and disuse of FinTech credit: When buy-now-pay-later meets credit reporting The Bank for International Settlements published a working paper. Non-bank lenders using innovative technologies, like "buy now, pay later" (BNPL), have boosted financial inclusion but often operate outside traditional credit reporting frameworks. This lack of transparency raises concerns about overborrowing and unregulated credit risk, prompting questions about the role of credit reporting in addressing these challenges. Read more |
|
FROM EBF Future Leaders Visit the European Banking Federation Yesterday, Sébastien de Brouwer, Deputy CEO of the European Banking Federation, had the pleasure of welcoming a group of first-year master’s students from HEC Paris, representing the Public Service Academy. The visit offered a dynamic exchange on the complexities of decision-making at the European level, including the role of interest group interactions. A big thank you to these talented students for their curiosity about the financial sector and for contributing such insightful questions and discussions. Read more |
|
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 |
|
This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact r.hrelja@ebf.eu
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
|
|
|
|
