EBF WEEKLY + FINANCIAL REGULATION AGENDA
For the week starting Monday 20 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! |
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FROM THE MEDIA The Banker: What ‘golden power’ rules mean for EU banking The rules allow Italy's government to block or set conditions on foreign and domestic corporate takeovers in strategic sectors such as energy, telecoms and banking, according to The Banker. Read more Bloomberg: BOE Delays Rolling Out Basel 3.1 Rules in UK for Third Time The Bank of England delayed the implementation of Basel 3.1 regulations for a third time to allow for more clarity over its rollout in the US, as mentioned by Bloomberg. Read more Risk.net: BNY hires Deutsche Bank’s Wu to revamp e-trading BNY has appointed Shuo Wu as global head of electronic foreign exchange trading and strats. Wu joins BNY in London and will report to Jordan Barnett, global head of FX trading and product, while regionally reporting to David McAnany, co-head of FX for Europe, the Middle East and Africa, as stated by Risk.net. Read more Reuters: Spanish watchdog says concentration of banks not behind lower deposit returns Spain's CNMC stated that low deposit returns in the country are primarily due to switching costs, lack of comparable information for customers, and financial literacy, rather than the low number of banks, writes Reuters. Read more
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FINANCIAL REGULATION AGENDA for next week
Monday 20 January
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Deutsche Bundesbank: ‘Cash, Card and Smartphones – this is how Germany pays’ Forum Bundesbank
Tuesday 21 January -
Council Economic and Financial Affairs -
ECB: Euro area investment fund statistics (Nov. 2024)
Wednesday 22 January -
CEPS ‘Re-designing the withholding taxes system in Europe: Has the new EU FASTER Directive reached its goals?’ conference -
Council Financial Services Committee (FSC)
Thursday 23 January -
EBF: Launch of the new C-ESG Risk Roundtable Data Workstream report - Webinar -
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Council Working Party on Financial Services and the Banking Union (Banking Union)
Friday 24 January -
ILF Conference on the Future of the Financial Sector: Bank Disintermediation – Causes and Consequences -
ECB: Quarterly data on government deficit/debt (Eurostat) (Q3 2024) -
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Council Working Party on Tax Questions – Direct Taxation -
Council Working Party on Financial Services and the Banking Union (Banking Union)
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FROM EBF MEMBERS Finance Denmark: Finance Denmark Enters Partnership with Oxford University to Improve Corporate Biodiversity Data Over the next two years, Finance Denmark will participate in a major research project led by Oxford University, aimed at enhancing and developing data on corporate biodiversity footprints. Read more (DA) Estonian Banking Association: Payment Environment Forum Explores Solutions to Prevent Payment Fraud The Payment Environment Forum in Estonia emphasized the need for consumer awareness, collaboration among banks, and adherence to the European instant payments regulation to combat rising payment fraud, particularly in cross-border transactions. Read more (ET)
Finance Latvia: FNA: Loan Volume Increases by 4.5%
Data from the Financial Industry Association (FNA) shows that total commercial bank loans in Latvia exceeded €16 billion by the end of September 2024, a 4.5% increase driven by a 5.3% rise in loans to individuals and 3.4% growth in business loans. Read more (LV) |
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FROM THE INSTITUTIONS
European Central Bank: How tightening mortgage credit raises rents and increases inequality in the housing market
Tightened mortgage credit access increases rents and worsens housing inequality by forcing more people to rent longer, benefiting landlords while disproportionately harming young and low-income households, despite its benefits for financial stability. Read more
European Securities and Markets Authority: The EBA and ESMA analyse recent developments in crypto-assets
The EBA and ESMA's joint report analyzes developments in DeFi, crypto lending, borrowing, and staking, highlighting niche adoption in the EU, associated risks like money laundering, and a lack of immediate financial stability concerns while contributing to the European Commission's MiCAR mandate. Read more
Bank for International Settlements: Completing the post-pandemic landing The global economy is on track for a soft landing, but the outlook has become more uncertain as new challenges loom. Read more |
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FROM EBF
New EBF Vacancy! Work with us!
Visit our Vacancies page to learn more about the EBF Events Trainee opening. Read more
Facts&Figures 2024
The European Banking Federation (EBF) has published Facts & Figures 2024, its annual update on the banking sector in Europe. Building on 2023 data from the European Central Bank (ECB), the statistical publication provides users with a unique perspective on the structure, performance, lending, and deposit trends in European banking alongside a country-by-country overview. Read more
New Report of the C-ESG Risk Roundtable Data Workstream
The latest report from the Data Workstream of the C-ESG Risk Roundtable explains how climate change and biodiversity- and ecosystems-related disclosures from non-financial corporates under the CSRD can be utilized by banks for risk management purposes. It serves as a starting point for fostering better dialogue between banks and non-financial corporates, ultimately contributing to key processes such as customer due diligence, customer risk assessments, and credit ratings. 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 r.hrelja@ebf.eu
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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