EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 29 May 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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OUR NEWSLETTER TAKES A SHORT BREAK! We will be back on Wednesday 31st of May!
Looking forward to seeing you soon for new events and stories
in the financial and banking sector |
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FROM THE MEDIA Reuters: ECB tells governments to roll back relief measures As reported by Reuters, eurozone governments should roll back relief measures introduced in response to the energy crisis of last year if they don't want to fuel inflation further, the European Central Bank (ECB)'s vice-president Luis de Guindos said. Read more
Cointelegraph: EU warns about the risk of a bank run on stablecoins
The European Systemic Risk Board (ESRB) suggests more disclosures and monitoring in order to fight the risks of the crypto market. According to Cointelegraph, the ESRB recommends that the EU promotes standardized disclosure reporting from banks and investment funds dealing with crypto. Read more
S&P Global Market Intelligence: Spanish banks bullish on 2023 lending income after strong Q1
Spain's largest banks are confident of earning more income from domestic lending in 2023 than originally expected following a strong first-quarter performance, S&P Global Market Intelligence writes. Read more |
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FINANCIAL REGULATION AGENDA for next week Tuesday 30 May Wednesday 31 May
Thursday 1 June
Friday 2 June
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS
BdB: What should be in your holiday wallet?
If you are about to go on a trip abroad, you should definitely keep an eye on which payment cards you will be carrying in your wallet. The Association of German Banks (BdB) shares tips to avoid having any issues paying abroad. Read more (DE)
NVB: Holiday pay is an opportunity for online fraudsters
As it results in more money being in the account, the holiday allowance is an excellent opportunity for fraudsters to defraud people. The Dutch Banking Association (NVB) calls for alertness when spending this extra income. Read more (NL)
ABI: Flood in Emilia-Romagna
The Italian Banking Association (ABI) invites all member banks not to collect commissions on accounts supporting the populations affected by the floods in Emilia-Romagna. This initiative complements that relating to the suspension of mortgages. Read more (IT) |
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FROM THE INSTITUTIONS
ECB: 2022 Annual Report
The 2022 Annual Report by the European Central Bank (ECB) is available. Vice-President Luis de Guindos presented the report to the European Parliament while also discussing the current economic outlook and the importance of a resilient financial system. Read more
ESAs: ESG disclosures for STS securitisations
The European Supervisory Authorities (ESAs) submitted to the European Commission Draft Regulatory Technical Standards (RTS) on the ESG impact disclosure for Simple, Transparent, and Standardised (STS) securitizations under the SECR. Read more
ESRB: Report on crypto-assets and decentralised finance
The European Systemic Risk Board (ESRB) has published a report outlining the systemic implications of crypto markets and proposing policy options to address the risks stemming from crypto-assets and decentralised finance (DeFi). Read more |
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FROM THE EBF this week
EBF: Joint statement on the review of the distance marketing of financial services directive
The European Banking Federation (EBF), along with other financial services Associations [European Mortgage Federation-European Covered Bond Council (EMF-ECBC), Lease Europe, Eurofinas, European Association of Cooperative Banks (EACB) and European Savings Banks Group (ESBG)] providing financial services, have been closely monitoring the ongoing legislative developments in view of the upcoming review of the Distance Marketing of Financial Services Directive (DMFSD). Read more
EBF: Comment on the new EU Retail Investment Strategy
The EU Retail Investment Strategy published today by the European Commission is an opportunity to promote access to financial investments by retail clients while ensuring a high level of investor protection. However, the combined effect of the new far-reaching changes may still have significantly disruptive impacts on both the European financial sector and access to financial advice by European households. Read more
EBF: Access to data by public bodies: a double-edge tool to use with caution and restraint
Together with other associations, the EBF has co-signed a statement addressing concerns on Chapter V of the Data Act which covers access to data by public bodies. Read more
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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