EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 18 December 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: Next ECB move should be a cut, but first 'enjoy' the plateau
The European Central Bank (ECB)'s next move should be a lowering of interest rates but the ECB should "enjoy the view" for a while, French central bank chief Francois Villeroy de Galhau said, implying a rate cut was not imminent. As reported by Reuters, his comments come a day after the ECB pushed back against bets on imminent rate cuts, telling financial markets that inflation could soon rebound and price pressures remain strong. Read more
Bloomberg: ECB keeps banks guessing in test of cyber attack
The European Central Bank (ECB) has told lenders to brace for a test of how they would respond to a cyber attack unprecedented in its severity. Still, banks will have to wait until next month for the ECB to share the details of the hypothetical attack, said the people familiar with the matter heard by Bloomberg. Read more
Finextra: EU invites expressions of interest in wholesale DLT trials
The European Central Bank (ECB) is inviting expressions of interest from financial market stakeholders in participating in trials of new technologies for wholesale central bank money settlement. The Eurosystem began its initial exploratory work on the use of DLT for wholesale settlement in April, Finextra reports. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 18 December
Council Horizontal Working Party on Cyber Issues Tuesday 19 December
Wednesday 20 December
Thursday 21 December
Council Working Party on the United Kingdom
Friday 22 December
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FROM EBF MEMBERS
ABBL: ESG training modules to unlock sustainable finance excellence
In response to the evolving landscape of sustainability regulations, the Luxembourg Bankers Association (ABBL) is proud to introduce two comprehensive virtual training sessions designed for private bankers, financial advisers, and risk managers. These sessions aim to equip professionals with the essential skills and insights needed to navigate the complexities of ESG factors in the finance sector. Read more
BdB: New episode of the podcast Bank Secrecy
In the latest episode of the "Bank Secrecy" podcast by the Association of German Banks (BdB), they discuss the shipping industry and ship financing. How has the shipping industry and its financing developed since the financial crisis? What challenges are posed by the green transformation of the economy? Read more (DE)
Finance Norway: Signaling of interest rate changes
After Norges Bank announced a new increase in the interest rate, there is great interest in whether banks will implement changes in their deposit and lending rates. Banks should not inform or give signals about expected changes in the interest rate level before they implement such changes, Finance Norway reports. Read more (NO) |
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FROM THE INSTITUTIONS
ECB: NGFS climate scenarios for the euro area: role of fiscal and monetary policy conduct
The European Central Bank (ECB) analyses the sensitivity of the macroeconomic outcomes under the Network for Greening the Financial System’s (NGFS’s) Phase III net-zero and delayed transition scenarios to different monetary and fiscal policy settings. Read more
ESMA: Recommendations on digitalization of retail investment services
The European Securities and Markets Authority (ESMA) has published a discussion paper on the digitalization of retail investment services and related investor protection considerations. ESMA is seeking stakeholders' input by 14 March 2024 on recommendations regarding online disclosures, digital tools, and marketing practices. Read more
EBA: Roadmap on the implementation of the EU Banking Package
The European Banking Authority (EBA) published its roadmap on the Banking Package, which implements the final Basel III reforms in the EU. The EBA roadmap aims at strengthening the prudential framework as well as ensuring an international level playing field. It also aims at providing clarity to the industry on how it will develop the mandates implementing the legislation, and how it expects to finalise the most significant components ahead of the application date, on 1 January 2025. 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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