EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 2 October 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
Bloomberg: Fed and ECB urged to embrace interest-rate pause
US and euro-zone policymakers have probably raised interest rates as far as they can without inflicting disproportionate damage on their economies, according to a quartet of leading economists. As reported by Bloomberg, the experts argued for patience even if that means a short-term bout of inflation. Read more
FT: FSB seeks global clampdown on hedge fund borrowing
The world’s financial stability watchdog is launching a probe of the build-up of debt outside traditional banks, as it seeks to limit hedge funds’ borrowing and boost transparency. Klaas Knot, chair of the Financial Stability Board (FSB), told the Financial Times (FT) that the review was intended to address rising risks from so-called “non-banks”. Read more EU Reporter: Privacy concerns surrounding the ECB’s Digital Euro The European Central Bank (ECB) is looking into deploying a central bank digital currency (CBDC) with stakeholders raising multiple concerns, including utility and privacy. According to the ECB, “user anonymity is not a desirable feature” because it would make controlling the amount of money in circulation difficult. The ECB also says anonymity would make money laundering prevention difficult, EU Reporters writes. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 2 October
Tuesday 3 October Wednesday 4 October Thursday 5 October
Friday 6 October
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Hellenic Bank Association (HBA) ‘EU Banking Sector Challenges for Southern Europe’ Conference (Wim Mijs, EBF CEO & Sebastien de Brouwer, EBF Chief Policy Officer & Gonzalo Gasόs, EBF Senior Director of Prudential Policy and Supervision & Alexandra Maniati, EBF Senior Director of Innovation & Cybersecurity speaking) -
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FROM EBF MEMBERS
Finance Finland: Climate action is not just empty words
Finance Finland has tracked the climate work of Finnish financial sector companies through an annual climate indicator survey. The publication shows financial sector companies’ consideration of climate change has grown steadily in the past five years. Read more
SBA: Accountability, stability, and cybersecurity The foundation of a favorable future for the Swiss banking center is trust, which is forged at three levels: at the country level, at the level of the financial system, and at the level of each bank. Marcel Rohner, President of the Swiss Bankers Association (SBA) underlined how important it is for these three levels to interact. Read more (FR)
BdB: What can credit cards do? Credit cards are often used as a means of payment when shopping online or paying abroad. What are the differences between credit cards? And what are they suitable for? There are three different types of credit cards that differ from each other in the way they are billed, the Association of German Banks (BdB) explains. Read more (DE) |
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FROM THE INSTITUTIONS
ECB: Economic Bulletin out now
This publication presents the economic and monetary information that forms the basis for the European Central Bank (ECB) Governing Council’s policy decisions. It is released eight times yearly, two weeks after each monetary policy meeting. Read more
ESMA: Work Programme 2024: Digital change and the green transition The European Securities and Markets Authority (ESMA) published its work program for 2024. In an economic context marked by high inflation, heightened geopolitical tensions, and rapid technological changes, ESMA will ensure close market and risk monitoring and support the effective implementation of the European regulatory framework related to digital and sustainability transitions. Read more
ESAs: Analysis of the extent of voluntary disclosure of principal adverse impacts under the SFDR The Joint Committee of the three European Supervisory Authorities (ESAs) published their second annual Report on the extent of voluntary disclosure of principal adverse impacts under Article 18 of the Sustainable Finance Disclosure Regulation (SFDR). 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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