EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 19 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! |
|
THE EBF WEEKLY BRIEF & FINANCIAL AGENDA
TAKES A WINTER BREAK!
We will be back in January!
|
|
On behalf of the European Banking Federation team,
we wish you happy holidays and a joyous New Year!
Thank you for your engagement, expertise and collaboration in 2022.
We look forward to seeing you next year!
The EBF staff members |
|
FROM THE MEDIA
CNBC: ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet
The European Central Bank (ECB) opted for a smaller rate hike, taking its key rate from 1.5% to 2%, but said it would need to raise rates “significantly” further. As reported by CNBC, it also said that from March 2023 it would begin to reduce its balance sheet by 15 billion euros per month on average until the end of the second quarter of 2023. Read more
FT: UK bank capital plans at odds with post-Brexit vision
According to an opinion piece published by the Financial Times (FT), if UK banks were hoping for an easier ride after Brexit from regulators on the capital buffers they must hold against shocks, they have suffered an early disappointment. Indeed, the Bank of England is going for stricter implementation of the rules than the EU. Read more
Bloomberg: ECB gets hawkish on rates while BoE starts to split
The European Central Bank (ECB) and the Bank of England (BoE) both adopted the new slower pace set by the Federal Reserve by raising their official rates by 50 basis points. However, their policies look set to diverge in the coming months over whether sustaining growth is more of a priority than curbing inflation, Bloomberg writes. Read more |
|
FINANCIAL REGULATION AGENDA for next week
Monday 19 December
Tuesday 20 December Wednesday 21 December Thursday 22 December Friday 23 December
For a full-year overview of key financial regulation events: click here
|
|
FROM EBF MEMBERS FBF: Laurent Haro appointed Chair of the Regional Banking Committee Bourgogne-Franche-Comté The Banking Committee of the French Banking Federation (FBF) Bourgogne-Franche-Comté has elected Laurent Haro as its Chair for a two-year term. He succeeds Emmanuel Vey. 'Our banks have proximity as their essential value,' he says. Read more (FR)
ABI: Inclusion and enhancement of diversity
The enhancement of diversity in banks is a key resource for inclusion, development, and sustainable growth. It is with this objective in mind that the Italian Banking Association (ABI) promotes a working environment that recognizes identities and supports training courses and policies for equal opportunities. Read more (IT)
Finance Norway: Kari Olrud Moen new CEO of Finance Norway
Starting from the first of March 2023, Idar Kreutzer is stepping down as managing director of Finance Norway to join the top management group at NHO. Kari Olrud Moen has been appointed as the new CEO of Finance Norway. Read more (NO) |
|
FROM THE INSTITUTIONS ECB: Monetary policy statement The European Central Bank (ECB) Governing Council decided to raise the three key ECB interest rates by 50 basis points and, based on the substantial upward revision to the inflation outlook, expects to raise them further. Read more
ESMA: Guidance to applicants under the DLT Pilot Regime
The European Securities and Markets Authority (ESMA) has published a Final Report including Guidelines on standard templates, forms, and formats to apply for permission to operate a DLT market infrastructure. Read more
EIOPA: Financial stability report zeroes in on key risks
The European Insurance and Occupational Pensions Authority (EIOPA) published its December 2022 Financial Stability Report which sheds light on key developments and risks in the European insurance and pension sectors. Read more |
|
FROM THE EBF this week
EBF: Facts and Figures 2022
The European Banking Federation (EBF) has published Facts & Figures 2022, its annual update on the banking sector in Europe. Data from 2021 show that, despite the Covid crisis and relatively low profitability, European banks played a key role in Europe’s financial system while continuing the structural transformation of the sector. Read more
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. 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 v.barbieri@ebf.eu
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
|
|
|
|
