EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 12 December 2022 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 Reuters: Eurozone banks must keep down bad loans in downturn Eurozone banks are relatively healthy at the start of the economic downturn and a key priority will be to keep down the stock of soured loans, European Central Bank (ECB) supervisory chief Andrea Enria said. He added that supervisors must stay alert to the potential systemic risk from crypto assets and there was a growing need for a global regulatory framework, Reuters writes. Read more
BBC: UK banking rules in biggest shake-up in more than 30 years
The UK government has announced one of the biggest overhauls of financial regulation for more than three decades. As reported by the BBC, the package of more than 30 reforms will "cut red tape" and "turbocharge growth" while reviewing rules forcing banks to legally separate retail banking from riskier investment operations. Read more
Bloomberg: Europe’s Fintech future looks a lot like traditional banking
Europe’s Fintech giants were built on the promise of new ways to do finance. Under pressure from rising interest rates and nervous investors, their next steps are looking more like tried-and-tested traditional banking. According to Bloomberg, business banking and interest-bearing loans are on the cards. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 12 December
Tuesday 13 December
Wednesday 14 December
Thursday 15 December Friday 16 December
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS Finance Denmark: More options for home buyers According to the latest figures from Finance Denmark, the number of houses for sale has increased by 28 percent in the past year. Besides, the tender prices have started to fall. This gives home buyers more options at slightly lower prices. Read more (DK)
NVB: Mortgage providers: registration of BKR mortgages unnecessary
The Dutch Banking Association (NVB) and the Association of Insurers do not think it is a good idea to register residential mortgages with the BKR. They wrote this in response to a consultation this summer. Read more (NL)
BdB: Donate safely at Christmas
During Christmas, many of us donate to those in society who are less fortunate. No matter how small, any amount helps to support people in need. But how can you recognize a reputable fundraising organization? The Association of German Banks (BdB) shares tips for your money to go where it is needed and not seep away into dark channels. Read more (DE) |
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FROM THE INSTITUTIONS ECB: Building resilience in a challenging environment Christine Lagarde, President of the European Central Bank (ECB) speaks about the importance of continued resilience in the financial system. In her speech, she discusses how to ensure the system can withstand an immediate shock and adapt effectively to new conditions. Read more
EBA: Consultation to amend data collection for benchmarking exercise
The European Banking Authority (EBA) publishes a consultation paper to amend the Implementing Regulation on the benchmarking of credit risk, market risk, and IFRS9 models for the 2024 exercise. The most significant change is the rollout of the data collection for the benchmarking of accounting metrics (IFRS9) to high default portfolios (HDP). Read more
ESMA: Assessment of the Brexit relocation processes
The European Securities and Markets Authority (ESMA) is publishing its Peer Review Report on National Competent Authorities’ (NCAs) handling of firms’ relocation to the European Union (EU) in the context of the UK’s withdrawal from the EU. Read more |
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FROM THE EBF this week
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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