EBF MORNING BRIEF Monday 12 February 2024 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
Bloomberg: ECB warns of poor property risk management
The European Central Bank (ECB) is signaling to lenders that they may face higher capital requirements if they have an insufficient handle on risks they face from commercial real estate, according to people familiar with the matter. The officials Bloomberg spoke to say they don’t expect the troubles in the commercial real estate market to result in a significant hit to banks’ capital ratios. Read more
Finextra: The state of cybercrime in the financial sector
Digital innovation continues to accelerate, but modernization also offers a fertile breeding ground for cybercriminals. In this article, Finextra discusses the most common cyberattacks threatening the financial sector, the impact of attacks on financial institutions and banks, as well as the biggest cyber breaches over the past year. Read more The Banker: What to expect for sustainable finance in 2024 2023 was not a stellar year for some segments of the sustainable finance market, writes The Banker. After 2 years of mild growth, will 2024 see sustainable finance turn a corner, or will geopolitics and a lack of ‘courage’ among investors continue to dampen uptake? Read more |
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FROM EBF MEMBERS
Finance Finland: EU policy recommendations for the 2024–2029 term
Finance Finland and the other Nordic-Baltic banking associations have released their EU policy recommendations for the 2024–2029 term. The recommendations highlight themes important to the financial sector that the new European Parliament and Commission should address over their upcoming five-year term. Read more
NVB: The financial sector has taken significant steps for the transition
“Since the signing of the Climate Commitment in 2019, the financial sector has taken significant steps to contribute to the energy transition. All signatories now have an action plan”, says Jack Julicher, interim chairman of the Financial Sector Climate Commitment Committee in a joint press release from Dufas, Dutch Banking Association (NVB), Pension Federation and Association of Insurers. Read more (NL)
Finance Denmark: Revised quick guide on environmental marketing
Finance Denmark welcomes the new guide that explicitly refers to legislation in the area of sustainability, including the disclosure and taxonomy regulation covering financial companies. However, there is a need for more precise guidance in the areas where special requirements for information and marketing apply to financial products. Read more (DK) |
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FROM THE INSTITUTIONS
ECB: Modernising finance: the role of central bank money
For central bank money to maintain its stabilizing role, it must be at the forefront of technology, says European Central Bank (ECB) Executive Board member Piero Cipollone. "We need to find technological solutions for using central bank money to settle transactions recorded on new distributed ledger platforms," he says. Read more
ESMA: Guidelines on the summary of resolution plans
The European Securities and Markets Authority (ESMA) published the Guidelines on the summary of resolution plans, which apply to resolution authorities of central counterparty clearing houses (CCPs) as defined in Article 2 of Regulation (EU) 2021/23. Read more
BIS: Monetary policy with profit-driven inflation
In its latest paper, the Bank for International Settlements (BIS) focuses on the drivers of the recent inflation surge and argue that they are fundamentally different from those in past episodes. Budget-neutral fiscal interventions are therefore said to be able to potentially restore monetary policy effectiveness. Read more |
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FROM THE EBF
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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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