EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 5 September 2022 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: Why are bank regulators struggling with climate stress tests?
Reuters discusses why regulators, investors, and banking experts say climate stress tests are still a work in progress but improvements are on the way. The analysis is organized upon a discussion around client data, balance sheet changes, feedback loops, and the time horizon. Read more
Finextra: Competition between Big Tech and banks can boost privacy
Competition between Big Tech and banks in attracting borrowers can lead to greater privacy but could also result in more defaults and reduced investment, according to research from the Bank for International Settlements (BIS). As reported by Finextra, in the working paper BIS delves into the lending business model of Big Tech, comparing it to the traditional bank model. Read more
S&P Global Market Intelligence: Funding costs, credit losses to temper strong revenues in 2023 at Europe's banks
Higher funding costs and elevated credit losses are likely to temper stronger lending revenues at European banks in 2023, according to analysts. Net interest incomes are likely to continue to rise versus prior years, with lending volumes recovering to pre-pandemic levels, Martin Rauchenwald, a partner at London-based specialist private equity investor Financial Services Capital, told S&P Global Market Intelligence. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 5 September
Tuesday 6 September Wednesday 7 September Thursday 8 September Friday 9 September For a full-year overview of key financial regulation events: click here |
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Leaders in Finance 'Anti Money Laundering Europe' REGISTRATION OPEN! |
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On the 22nd of September 2022, the Leaders in Finance Anti Money Laundering Europe event will take place in Brussels. The AML Europe Event will cover the many facets of the cat-and-mouse game between banks and criminals – from technological innovations in money laundering to the broad cooperation within the AML chain and new European legislation. Above all, the event is meant to be a meeting ground where leaders from the European AML/KYC sector can come together and share their knowledge.
Wim Mijs, EBF CEO, and Roger Kaiser, EBF Senior Policy Adviser will join speakers from across Europe and beyond for a key discussion on the fight against money laundering. |
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FROM EBF MEMBERS
FBF: Interventions by Nicolas Théry during the REF 2022
Nicolas Théry, president of the French Banking Federation (FBF) was present at the Meeting of Entrepreneurs in France (REF 2022) to talk about the topics that are making the news this fall. In his intervention, he particularly stressed that banks are fully mobilized alongside their customers and the French economy. Read more (FR)
AEB: Reach everyone
José Luis Martínez Campuzano, spokesperson at the Spanish Banking Association (AEB) discusses the role of financial inclusion in economic development. "The banks' commitment is to provide service to all their customers, both those who request a new approach through remote channels and those who prefer face-to-face service," he says. Read more (ES)
Febelfin: Informative sessions on digital banking
From September 2022, the Brussels-Capital Region and Febelfin will offer information sessions entitled "I adopt digital banking" in several municipalities of the capital. These free information sessions are aimed at all Brussels citizens wishing to learn more about digital banking operations and their security. Read more (FR) |
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FROM THE INSTITUTIONS
EBA: Call for more proactive engagement between supervisors in anti-money laundering (AML) and counter-terrorist financing colleges
The European Banking Authority (EBA) published its second report on the functioning of AML/CFT supervisory colleges in the EU. The Report finds that, although competent authorities are committed to implementing the AML/CFT colleges framework, they need to do more to ensure collaboration and information exchange within colleges. Read more
ESMA: Russian war adds uncertainty and volatility to financial markets
The European Securities and Markets Authority (ESMA) published the second Trends, Risks and Vulnerabilities (TRV) Report of 2022. The Russian war on Ukraine against a backdrop of already-increasing inflation has profoundly impacted the risk environment of EU financial markets, with overall risks to ESMA’s remit remaining at its highest level. Read more
ECB: Euro area bank interest rate statistics: July 2022
The European Central Bank (ECB) published the Euro area bank interest rate statistics for July 2022. Figures show that the composite cost-of-borrowing indicator for new loans to corporations decreased by 6 basis points to 1.77%, driven by the interest rate effect, while the indicator for new loans to households for house purchases increased by 18 basis points to 2.15%, driven by the interest rate effect. Read more |
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FROM THE EBF this past month EBF Responses to EFRAG consultation surveys The European Banking Federation (EBF) supports EFRAG’s extensive efforts to build European sustainability reporting standards (ESRS) reflecting the EU’s ambition in tackling sustainability issues. Improving the quantity, quality, and reliability of sustainability disclosures in the EU will only be possible in the presence of efficient and harmonised reporting standards. Read more
EBF Response to the European Commission’s call for evidence on Open Finance
The European Banking Federation (EBF) has responded to the European Commission’s Call for Evidence on an “Open Finance Framework – enabling data sharing and third party access in the financial sector.” Read more
EBF consultation response on the International Sustainability Standards Board (ISSB) Exposure Drafts
The European Banking Federation (EBF) welcomes the International Sustainability Standards Board’s (ISSB) efforts to develop a commonly accepted global baseline for sustainability disclosures. Read more
EBF response to the EBA Discussion Paper on the role of environmental risks in the prudential framework
The European Banking Federation (EBF) has responded to the discussion paper of the European Banking Authority on the role of environmental risk in the prudential framework. 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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