EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 24 April 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
FT: Persistent inflation trumped bank turmoil fears in ECB rate rise
Rate-setters at the European Central Bank (ECB) pushed for the need to separate monetary policy from financial stability risks, minutes of the March meeting show. “Unless the situation deteriorated significantly, the financial market tensions were unlikely to fundamentally change the governing council’s assessment of the inflation outlook,” the ECB said, as reported by the Financial Times (FT). Read more
Finextra: EU Parliament votes for new crypto rules
The European Parliament has overwhelmingly voted in favor of the Markets in Crypto-Assets (MiCA) crypto licensing regulations. According to Finextra, MiCA will now be introduced in phases, beginning next July. Read more
Bloomberg: ECB’s Visco warns against doing too much in rate hiking
The European Central Bank (ECB) should stick to its meeting-by-meeting approach to raising interest rates as it weighs the risks of overdoing tightening, Governing Council member Ignazio Visco said. As there’s a danger that financial stability risks may return, the ECB “should decide meeting-by-meeting on the basis of data,” Bloomberg reports. Read more |
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FINANCIAL REGULATION AGENDA for next week Monday 24 April Tuesday 25 April Wednesday 26 April
Thursday 27 April
Friday 28 April
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS SBA: Focus financial flows on climate compatibility There is an urgent need to decarbonize. The financial center clearly makes an important contribution in this respect, both in Switzerland and beyond national borders. But what characterizes a financial flow compatible with climate objectives? And how to make it transparent? The Swiss Bankers Association (SBA) answers these questions. Read more (FR)
FBF: Protection of bank data
The French Banking Federation (FBF) unveils the results of its study on the security of bank data and shows that French people are familiar with good practices. However, they sometimes lack vigilance which leads them to put themselves in danger. Read more (FR)
Finance Latvia: How to prevent money laundering? Latvia’s lessons
Just a few years ago, Latvia almost ended up on the “grey list” of the Financial Action Task Force (FATF). In a short while, Latvia has achieved fundamental changes, making the country’s money laundering prevention system one of the most effective in Europe. Even though part of society may consider the requirements too strict, they are necessary and they are constantly adjusted to the risks, Finance Latvia reports. Read more (LAT) |
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FROM THE INSTITUTIONS
EP: Crypto-assets: green light to rules for tracing transfers in the EU
The European Parliament (EP) endorsed the first EU rules to trace crypto-asset transfers and prevent money laundering. The Plenary also gave its final green light to new common rules on the supervision, consumer protection, and environmental safeguards of crypto-assets, including crypto-currencies (MiCA). Read more
ECB: The climate change challenge and fiscal instruments and policies
The European Central Bank (ECB) has published a paper providing an overview of existing fiscal policies and of the main fiscal challenges for a comprehensive European climate change strategy. Read more
BIS: Ignazio Visco: Statement
The Bank for International Settlements (BIS) has published a statement by Ignazio Visco, Governor of the Bank of Italy as he addresses recent banking distress episodes and longer-term issues. 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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