EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 6 June 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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The first Digital Thursdays 2022 coming on 9 June! |
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| | Next Thursday, do not miss the first EBF Digital Thursdays 2022 dedicated to “A Single Market for Data: How does Open Finance fit?". The discussion will explore the key developments in data sharing and the possibilities for data-driven innovation. Join our speakers as they dive into the opportunities and challenges of the European Commission’s proposal for a Data Act and discuss the path toward an Open Finance proposal. Register now |
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FROM THE MEDIA Bloomberg: ECB shunning half-point hike for smaller moves from July Efforts by European Central Bank (ECB) hawks to secure an initial half-point hike in interest rates will fail as policy makers agree on a series of smaller increases, according to a Bloomberg survey of economists. The ECB will lift the deposit rate -- now at -0.5% -- by a quarter-point in July and again in September, the poll showed. Read more
EURACTIV: Innovation in Europe: From public investment programs to private capital markets
"Innovation is the engine of present and future growth. It is only by combining the positive forces of public and private finance that we will shift to the next gear, enabling all innovators to move forward," Anne Fossemalle, Director at the European Bank for Reconstruction and Development (EBRD) writes in an opinion piece for EURACTIV. The Capital Markets Union project could make a difference in the EU innovation landscape, she added. Read more
PYMNTS.com: EU considers adding crypto, BNPL in Payment Directive
The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The Commission suggests changes in the definition of payment providers, PYMNTS.com reports. In this regard, the commission mentioned new methods of payments. Significantly, the regulator asks if payment transactions using crypto assets, including stablecoins and Buy Now Pay Later (BNPL) schemes should be included in the PSD2 list of services. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 6 June
European Parliament plenary session Tuesday 7 June Council Horizontal Working Party on Cyber Issues Wednesday 8 June French Council presidency meeting of Horizontal Working Party on Cyber Issues Baltic FinReg Summit Thursday 9 June Council Working Party on Tax Questions (Direct Taxation) Friday 10 June Council Working Party on Tax Questions (Direct Taxation) Council Horizontal Working Party on Cyber Issues For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
Finance Finland: Overview of 2021
Finance Finland has published its annual overviews of banks’ and insurers’ performance and operating environment in 2021. According to the figures provided, the Finnish banking sector’s capital position remained stronger than European average. Insurance premiums written in Finland increased by 13% to a total of €26.2 billion. Read more
AEB: Training as a door to the future
According to the Spanish Banking Association (AEB), financial education and digital training are two very powerful tools to improve our quality of life. At all stages of life, it is necessary to know how to manage the resources available and to be aware, from an early age, that they are limited, and that it is essential to be realistic to avoid making calculation and assessment errors. Read more (ES)
SBA: The revised Narilo Guidelines will come into force on July 1, 2022
The Guidelines for the Handling of Contactless and Dormant Assets at Swiss Banks (Narilo Guidelines) were last revised in 2014 and had to be updated in various respects. The revised Guidelines have been recognized as a minimum standard by FINMA and will enter into force on July 1, the Swiss Bankers Association (SBA) reports. Read more (FR) |
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FROM THE INSTITUTIONS
ESMA: Technical standards to suspend the CSDR buy-in regime
The European Securities and Markets Authority (ESMA) published a Final Report on amending the regulatory technical standards (RTS) on settlement discipline to postpone the application of the CSDR mandatory buy-in regime for three years. Read more
ESAs provide clarifications on key areas of the RTS under SFDR
The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a statement providing clarifications on the draft regulatory technical standards (RTS) issued under the Sustainable Finance Disclosure Regulation (SFDR), which include the financial product disclosures under the Taxonomy Regulation. Read more
ECB: EU structural financial indicators: End of 2021
The European Central Bank (ECB) has updated its dataset of structural financial indicators for the banking sector in the European Union (EU) for the end of 2021. Data shows that the number of offices continued to decline in most EU Member States, by 1.98% on average. Also, the number of bank employees declined by 0.85% on average. Read more |
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FROM THE EBF this week
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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