EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 13 February 2023 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: Investors call on five EU banks to end new oil and gas finance
European banks risk jeopardizing the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, ShareAction said. As reported by Reuters, ShareAction said it had made the demand in letters sent to the heads of Barclays, BNP Paribas, Credit Agricole, Deutsche Bank, and Societe Generale. Read more
Finextra: MEPs back plans for digital identity framework
Members of the European Parliament (MEPs) have given their support to a new digital identity framework (eID), Finextra reports. “From social, financial, medical, and professional data, to contacts and much more, it will make it possible to store personal credentials within a single digital ID,“ Rapporteur Romana Jerković says. Read more
Bloomberg: EU’s Fintech hub tightens supervision after expansion
Lithuania is tightening the screws on Fintech with bolstered oversight and additional resources after an ambitious foray into next-generation financial services created outsize risk for the Baltic nation. According to Bloomberg, the rapid growth has triggered an effort to put in place guard rails with new guidelines, while boosting the resilience of the fast-growing ecosystem of payment companies. Read more |
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FINANCIAL REGULATION AGENDA for next week Monday 13 February Tuesday 14 February
Wednesday 15 February
Thursday 16 February Friday 17 February
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS
BPFI: Personal Loan Report
The Banking & Payments Federation Ireland (BPFI) has published the BPFI Personal Loans Report for Q4 2022 showing continued strong growth in personal loans activity at the same time last year. According to figures, home improvement loans are 15.3% year on year to €533 million surpassing car loans for the first time. Read more
UK Finance: New senior appointments
UK Finance announces two new senior appointments effective from 1 May 2023: Ben Donaldson, Managing Director of Economic Crime, and David Raw, Managing Director of Commercial Finance. Read more
BdB: Valentine's Day: Future Together? Shared account?
Valentine's Day will soon be upon us, and a reason for many couples to swear their love. With flowers, candlelight dinner, maybe even with a joint account? The Association of German Banks (BdB) warns couples to be aware as they are jointly and severally liable to their bank after the agreement made with the bank for a joint account. Read more (DE) |
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FROM THE INSTITUTIONS ECB: Consolidated banking data for end-September 2022 The European Central Bank (ECB) publishes consolidated banking data for end-September 2022. Data shows the total assets of EU credit institutions increased to €32.66 trillion in September 2022 while EU non-performing loans ratio dropped by 0.35 percentage points year on year to 1.83% in September 2022. Read more
ESMA: High risks amid fragile markets
The European Securities and Markets Authority (ESMA) publishes the first Trends, Risks and Vulnerabilities (TRV) Report of 2023. Overall, risks in ESMA’s remit remain high, and investors should be prepared for further market corrections. Read more
BIS: Getting the full picture - the road ahead for climate stress testing
In a speech published by the Bank for International Settlements (BIS), Sabine Mauderer, Member of the Executive Board of the Deutsche Bundesbank discusses how climate change affects the economy, growth, inflation, and the financial system. 'Understanding climate-related risks and their transmission channels is essential for designing targeted policies, Central banks and supervisors have outstanding analytical capabilities,' she says. 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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