EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 27 March 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

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FROM THE MEDIA 

POLITICO: Bank crisis management rules coming in Q2

The EU has robust banking safeguards in place to protect its lenders against the prospect of a new crisis, the European Commission’s economic chief said, adding that additional rules are also around the corner. “From a supervisory point of view, we are not in a vacuum,” Paolo Gentiloni said at POLITICO’s Finance Summit. Read more

Bloomberg: EU to rethink liquidity after Credit Suisse unravels

According to Bloomberg, the unfolding crises of confidence at Credit Suisse Group and SVB are prompting regulators gathered at the European Central Bank (ECB) to rethink treatment of liquidity risk. Watchdogs want a better idea of how sticky deposits really are while they look at mobile banking and social media as amplifying the risk of bank runs. Read more

Reuters: ECB could hike rates again in May to tame stubborn inflation

The European Central Bank (ECB) may raise rates again in May to fight inflation, Dutch central bank chief Klaas Knot said. The caveat to any rate hike plan is that financial market turbulence needs to dissipate, but Knot said Europe was "very far" from a financial crisis and an escalation of the turbulence was not his base scenario, Reuters reports. Read more

FINANCIAL REGULATION AGENDA for next week

Monday 27 March

• Council Working Party on Tax Questions - Indirect Taxation

• Council Working Party on Financial Services and the Banking Union (Financial Services)

• Council Working Party on the Environment

• European Parliament Committee on Economic and Monetary Affairs

• Deutsche Bundesbank ‘Introduction to the Basel framework’ online course

• Bloomberg ‘EU Women in Finance Forum’

• UK in a Changing Europe ‘Lunch Hour’ economics panel

• Chatham House ‘Europe's response to the US Inflation Reduction Act’ event

• EURACTIV ‘The year of skills: What does a digitised Europe need to learn?’ event

• EEB Climate of Change ‘Change Talks — Civil society dialogues on social and climate justice’ event

 
Tuesday 28 March

• Council Working Party on Tax Questions - Indirect Taxation

• Council Working Party on Financial Services and the Banking Union (Financial Services)

• Working Party on Trade Questions (WPTQ)

• Council Working Party on the Environment

• European ParliamentCommittee on Economic and Monetary Affairs

• European Parliament Subcommittee on Tax Matters

• EDPB plenary meeting

• European Commission European Consumer Summit 2023

• Deutsche Bundesbank ‘Cash centre project – key elements for success’ online course

• PIIE ‘Global Economic Prospects: Spring 2023’ event

• UK Parliament Formal meeting on Silicon Valley Bank UK

• Chatham House ‘Democracy, capitalism and free market enclaves’ event

• CERRE ‘Data Act: How to Finalise the Negotiations’ event

• The Financial Times ‘Financing sustainable development in emerging markets’ webinar

• The Financial Times ‘Reforming the European Electricity Market’ event

• European Fintech Association, and Insurance Ireland “DORA Implementation: Challenges and Opportunities event in co-operation with Amazon Web Services

Wednesday 29 March

• European Parliament plenary session

• Council Working Party on Tax Questions - Indirect Taxation

• Council Financial Services Attachés

• Council Trade Policy Committee

• Council Horizontal Working Party on Cyber Issues

• ECB Governing Council on non-monetary policy meeting

• EIB Meeting No. 561 of the Board of Directors

• Deutsche Bundesbank ‘Climate change and central banks – the Network for Greening the Financial System’ online Seminar Series

• IADI ‘Collaborative Crisis Management — Enhancing cooperation among financial authorities in turbulent times’ webinar

• IETA ‘CBAM: A New Era for Global Trade Order’ event

• Febelfin ‘Febelfin Connect’ event

Thursday 30 March

• Council Working Party of Financial Counsellors

• Working Party on Tax Questions - Direct Taxation

• Council Financial Services Attachés

• Council Working Party on the Environment

• ECB General Council meeting

• ADS ‘Cloud Computing — Export control challenges and Opportunities’ webinar

• The Financial Times ‘Finding Value in UK Equities’ webinar

Friday 31 March

• Council Financial Services Attachés

• Council Horizontal Working Party on Cyber Issues

• Council Working Party on the Environment

• Digital Euro Association ‘Digital Euro Conference 2023: Unlock the Future of Digital Money!’ event

• Bruegel ‘Joining the dots: climate, nature and the sovereign debt crisis’ event

• Bruegel ‘Corporate disclosure of sustainability risks: reconciling international and EU approaches’ event

For a full-year overview of key financial regulation events: click here

COMING NEXT WEEK! 

Sustainable Finance Research Forum:
 'Sustainable Finance in the Global South'

Thursday 30 March, 2023  

The Sustainable Finance Research Forum's event on how to scale up Sustainable Finance in the Global South is coming on March 30, 2023!

Next Thursday, tune in to hear a line-up of exclusive speakers as they discuss sustainable finance in the global south and how research can support the industry. 

FROM EBF MEMBERS

BdB: Beware of pop-up windows

Anyone is exposed to the danger of falling for one of the many fraudulent schemes of Internet criminals. The best way to protect yourself is to be aware of the danger, to know the different approaches of fraudsters, and act accordingly. The Association of German Banks (BdB) warns you to pay attention to pop-up windows scams. Read more (DE)

ABBL: Towards a return of moral hazard?

The debacles of the Silicon Valley Bank (SVB) and Crédit Suisse banks have shaken confidence in European banks and the stability of the Luxembourg financial center. Despite the current context, the Luxembourg Bankers Association (ABBL) wonders: are we not witnessing the return of moral hazard? Read more

NVB: Financial choices and online temptations

The European Money Week in the Netherlands starts on Monday 27 March with a guest lecture by Medy van der Laan, Chair of the Dutch Banking Association (NVB). The General Director of NVB, Eelco Dubbeling will host the event. Read more (NL)

FROM THE INSTITUTIONS

ECB: Disclosing climate impact of portfolios on road to Paris-alignment

The European Central Bank (ECB) published its first climate-related financial disclosures, which provide information on its portfolios’ carbon footprint and exposure to climate risks, as well as on climate-related governance, strategy, and risk management. Read more

EIOPA: Fostering risk-based supervision

The European Insurance and Occupational Pensions Authority (EIOPA) hosted its ‘Eastern Cooperation Conference’ bringing together insurance supervisors from EEA and non-EEA jurisdictions. In hosting this conference, EIOPA underlined its continued support for jurisdictions in the process of adapting or implementing EU insurance legislation. Read more

BIS: Risks and vulnerabilities to the global banking system

The Bank for International Settlements (BIS) Basel Committee on Banking Supervision discussed the outlook for the global banking system in light of recent economic and financial market developments. These events have further highlighted the importance of a resilient global banking system underpinned by effective bank governance and risk management practices, robust regulatory standards, and strong supervision. Read more

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

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

European Banking Federation