EBF WEEKLY + FINANCIAL REGULATION AGENDA for the week starting Monday 20 November 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: Global rules for AT1 debt after Credit Suisse rescue The EU top bank regulator urged global rules for a type of hybrid debt issued by lenders after the market for the securities was rattled this year when such bonds were wiped out in the rescue of Credit Suisse. As reported by Bloomberg, Andrea Enria, the head of the European Central Bank (ECB)’s supervisory arm, suggested the international standard-setting body known as the Basel Committee should standardize the debt. Read more Reuters: EU banks may face major hit if they need to sell bonds European banks may suffer significant losses if they need to sell their bond holdings to raise cash, the European Central Bank (ECB)'s President Christine Lagarde said as heard by Reuters. "EU banks’ holdings of fixed-income securities could be marked down quite significantly, should they need to be sold," she said. Read more Finextra: Apple Pay launches UK open banking integration for Wallet Apple Pay users across the UK can now take advantage of a new feature that taps into the open banking framework to let them connect cards and view their account balance from within the Wallet app. The feature is now live for all Brits, Finextra reports. Read more |
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FINANCIAL REGULATION AGENDA for next week Monday 20 November Council Horizontal Working Party on Cyber Issues Tuesday 21 November MoneyLive 'Supercharging payments innovation' event (Anni Mykkänen, EBF Senior Policy Adviser - Innovation & Payments, speaking) Wednesday 22 November Thursday 23 November Council Working Party on Tax Questions (High Level) Friday 24 November |
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FROM EBF MEMBERS NVB: Allowing digital starters to practice mobile banking DigiHandig, the four larger Dutch banks, the Dutch Payments Association, and the Dutch Banking Association (NVB) are launching a new section in the DigiHandig app. With the DigiHandig app, banks further implement their Accessible Banking program to remove barriers to digital banking and payments. Read more (NL) Febelfin: Belgian banks offer best value for money for all customers The Belgian banking sector is committed to transparency and hence commissioned a comparative study on the cost of payments for consumers and retailers in Belgium. The study shows that both digital and non-digital consumers and merchants are particularly well served in Belgium, Febelfin reports. Read more BdB: Black Friday: Shop safely online The lure of possible bargains during Black Friday drives significant levels of online shopping. The Association of German Banks (BdB) has put together a few tips to ensure a safe and successful shopping experience. Read more (DE) |
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FROM THE INSTITUTIONS ECB: One year on, taking stock of the ESRB's financial stability warning A year after the European Systemic Risk Board (ESRB)'s first ever general warning on vulnerabilities in the EU financial system, some of the risks have materialised, says European Central Bank (ECB) President Christine Lagarde. Others have not, but policymakers must still take action to keep them in check. Read more EC: Access to EU supercomputers to speed up AI development The European Commission (EC) and the European High-Performance Computing Joint Undertaking committed to opening and widening access to the EU's world-class supercomputing resources for European artificial intelligence (AI) start-ups, SMEs, and the broader AI community. To support the further development and scalability of AI models, access to world-class supercomputers is crucial. Read more BIS: Managing cloud risk in the financial sector A new paper by the Bank for International Settlements (BIS) identifies potential oversight frameworks for critical cloud service providers taking into account their potential systemic importance, and the cross-sectoral and cross-border nature of their operations. 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 European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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