EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 9 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!

FROM THE MEDIA 

Reuters: ECB: Latest hike was maybe the last, still need to see data

The European Central Bank (ECB)'s rate hike last month was likely the last although the bank cannot be certain until seeing data available at meetings in December and March, ECB policymaker Peter Kazimir said as heard by Reuters. Read more

Bloomberg: Italy’s banks sidestepping Meloni tax with payouts intact

Italy’s banks won’t pay the country’s new tax and choose to boost their capital cushions instead. Boosting capital “is the best option” for Italy’s banks, said Rossella Locatelli, a professor of banking and finance at the University of Insubria. That’s especially the case because most can do so without hurting dividend policy, according to Bloomberg. Read more

Finextra: EDPS seeks constraints on EU Open Finance plans

The European Data Protection Supervisor (EDPS) has urged the EU to adopt tighter restrictions on the type of ‘customer data’ that is proposed to come within new data sharing schemes for the financial services sector, Finextra reports. The EDPS calls for the categories of personal data to be “clearly circumscribed, taking into account the risks for individuals whose personal data would be accessed and used. Read more

FINANCIAL REGULATION AGENDA for next week

Monday 9 October

• Council Working Party on Financial Services and the Banking Union

• Council Working Party on Tax Questions (Indirect Taxation) 

• Council Horizontal Working Party on Cyber Issues

• European Parliament Committee on Economic and Monetary Affairs

• Joint meeting of the European Parliament Committee on Budgets, and the Committee on Industry, Research and Energy

• CIRSF Interantional Conference 2023 "Critical Challenges for the Financial Sector entering the Second Quarter of the 21 st Century” 

Tuesday 10 October

• Council Working Party of Financial Counsellors

• Council Working Party on Tax Questions (Indirect Taxation) 

• European Commission 'The Sustainable Finance Disclosure Regulation (SFDR) - What next?' conference

• European Banking Authority and EIOPA ‘The DPM 2.0 standard for the evolution of the financial regulatory reporting’ event

• CIRSF International Conference 2023 “Critical Challenges for the Financial Sector entering the Second Quarter of the 21st Century” (Maria Ana Barata, EBF Policy Adviser of Prudential Policy & Supervision, speaking) 

• Spanish Council presidency ‘Standardization: a strategic instrument for the climate and digital transition’ event 

• Paris Fintech Forum Women in Finance Lunch 2023

• The European Angel Investment Summit 2023 

• AmCham EU Transatlantic Digital Economy Conference

• EDPIA: ‘Building competitive, resilient and sustainable payments in Europe’ event 

• Bruegel 'Digital empires: the global battle to regulate technology' event

Wednesday 11 October

• Council Working Party of Financial Counsellors

• Deutsche Bundesbank ‘Gold reserves — historical perspective and inventory management’ course 

• Deadline for submissions on the European Banking Authority consultation on the draft templates and template guidance for collecting climate-related data from EU banks

• ENISA Trust Services and eID Forum 

• techUK Cyber Innovation Den 2023 

• European Policy Centre and Equinor ‘Reconciling competitiveness and economic security’ briefing

• Financial Times ‘Adapting to meet new ESG disclosure requirements’ webinar 

• REGILIENCE & University of Lisbon 'Climate Risk Management – Strategies and Tools for Regional and Local Challenges' course

Thursday 12 October

• Council Working Party of Financial Counsellors 

• Council Horizontal Working Party on Cyber Issues

• Deadline for submissions on the European Banking Authority consultation paper on the draft technical standards on information for authorization

• Deadline for submissions on the European Banking Authority consultation on the draft RTS on the requirements, templates and procedures for handling complaints under MiCAR 

• Deadline for submissions on the European Banking Authority consultation on information for the assessment of a proposed acquisition of qualifying holdings in issuers of ARTs under MiCAR

• EY and ABBL Retail Investment Strategy Webcast 

• CERRE ‘What Should We Expect from the First DSA Systemic Risk Assessments?’ event

• EPFSF: 'Myth busting: EU & US banking frameworks in practice' seminar

• PIIE ‘Which markets should be centrally cleared?’ event 

• Financial Times ‘Rethinking risk management in financial services’ event

Friday 13 October

• Council Working Party of Financial Counsellors

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

• Council Working Party on Tax Questions (Direct Taxation)

FROM EBF MEMBERS

SBA: How can data contribute to climate-friendly financial flows?

The Swiss Bankers Association (SBA) organized a workshop to discuss the role of data and standards in assessing climate-friendly financial flows. “The complexity of climate finance must be managed so that a constructive dialogue is established between all relevant stakeholders,” said August Benz, SBA Vice-CEO. Read more (FR)

BPFI: Submission to CBI’s Consultation Paper CP153

The Banking & Payments Federation Ireland (BPFI) contributed to the CBI’s Consultation Paper CP153. BPFI previously welcomed the proposal to introduce an enhanced individual accountability regime in the submission to the Department of Finance. Read more
 

HBA: Bankers will team up for blood donation and encourage others

The 4th Hungarian Banking Blood Donors' Week was organized between October 2-13, supporting nationwide blood supply by donating 3-4 thousand units of blood by bank employees. It is a unique initiative that has already resulted in several high-level collaboration schemes at the government level and the National Bank of Hungary to complement the program initiated by bank employees. Read more

FROM THE INSTITUTIONS

ESMA: Second consultation on crypto market rules

The European Securities and Markets Authority (ESMA) published a second consultation package under the Markets in Crypto-Assets Regulation (MiCA). Stakeholders can provide their feedback to this consultation by 14 December 2023. Read more

ESRB: Risk Dashboard

The European Systemic Risk Board (ESRB) published its risk dashboard. The risk dashboard is a set of indicators showing the extent and causes of systemic risk in the EU financial system and should not be considered a policy statement on systemic risks. Read more

SRB: Report on smaller banks in the Banking Union for the first time

The Single Resolution Board (SRB) has published a report on resolution planning and crisis management for less significant institutions for the first time. These are banks under the direct responsibility of national resolution authorities. Read more

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

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