EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 30 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
Reuters: ECB keeps rates on hold, rejects talk of future cuts
The European Central Bank (ECB) left interest rates unchanged, snapping an unprecedented streak of 10 consecutive rate hikes while insisting that any talk of rate cuts was premature. According to Reuters, ECB President Christine Lagarde said it was clear that the rate hikes had a big impact on the economy, notably in depressing bank lending. Read more
Bloomberg: EU watchdog says companies spending more on ESG
The European Securities and Markets Authority (ESMA) reviewed the 2022 accounts of 54 large and small non-financial companies. ESMA found they are directing more investments toward environmentally and socially sustainable activities than they used to. As reported by Bloomberg, the new figures signal “investment efforts in the transition”. Read more
Finextra: What PSD3 means for financial institutions
How has PSD2 affected the market, and will PSD3 be the answer to major problems in the industry? Sergiy Fitsak, Managing Director at Fintech Expert tries to answer these questions in an article published by Finextra. According to him, PSD3 presents the opportunity for financial institutions to reinforce their commitment to consumer protection, enhance competitive capabilities, and drive innovation. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 30 October
Tuesday 31 October
Wednesday 1 November
Thursday 2 November
Friday 3 November
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FROM EBF MEMBERS
BdB: 3 Questions, 3 Answers: Cybersecurity
André Nash heads the technology and banking security thematic group at the German Banking Association (BdB). On the occasion of European Cyber Security Month, he was asked three questions on how to defend against cyber attacks. Read more (DE)
Febelfin: Increase in the amount of energy efficiency credits
Consumer credit statistics by the Professional Credit Union (PCU) show that demand for energy-efficient credits continues to grow. As Febelfin reports, PCU is launching an awareness campaign on the importance of consumer credit in the transition. Read more (FR)
ABBL: Insights from joint Conference with EBF
The doors of the European Court of Justice opened for a joint conference hosted by the European Banking Federation (EBF) and the Association of Bankers of Luxembourg (ABBL). This pivotal event delved into the intriguing intersection of law, democracy, and the evolving landscape of European civilization. Read more |
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FROM THE INSTITUTIONS
ECB: Monetary policy decisions
The Governing Council decided to keep the three key European Central Bank (ECB) interest rates unchanged. The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions. This is increasingly dampening demand and thereby helps push down inflation. Read more
ESMA: MoU with the Indonesia Financial Services Authority and recognizes PT Kliring Penjaminan Efek Indonesia as Tier 1 CCP
The European Securities and Markets Authority (ESMA) has signed a Memorandum of Understanding (MoU) with the Indonesia Financial Services Authority and updated its list of recognized third-country central counterparties (TC CCPs) under the European Markets Infrastructure Regulation (EMIR). Read more
EBA: Opinion on a measure to address macroprudential risk following a notification by the Swedish Financial Supervisory Authority
The European Banking Authority (EBA) issued an Opinion following the notification by the Swedish Financial Supervisory Authority of its intention to extend for two years a measure introduced in 2018 to ensure that banks remain resilient and can withstand a potentially severe downturn in the housing market without restricting the supply of credit. 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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