EBF MORNING BRIEF Monday 12 June 2023 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: EU looks for options to cushion increasing borrowing costs
The EU has begun weighing options to cushion the impact of rising interest payments, the cost of which may double by 2027 compared to early estimates. The European Commission is planning to ask member states to provide additional contributions to the EU budget and it will possibly create new sources of revenue for the bloc, Bloomberg says. Read more
CoinDesk: EU friendly to tough crypto bank-capital restrictions
EU governments appear to support new bank-capital standards, which could see unbacked crypto treated as the riskiest kind of asset for lenders to hold, according to an official heard by CoinDesk. The move could mean assets such as bitcoin and ether are given the maximum possible risk weight as part of a lengthy set of banking laws. Read more
Reuters: ECB to hike rates in June and July to break sticky inflation
The European Central Bank (ECB) will hike its key interest rates by 25 basis points on June 15 and again in July before pausing for the rest of the year as inflation remains sticky, according to a clear majority of economists polled by Reuters. Read more |
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MAIN EVENTS
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS
AEB: Good level of banking competition The president of the Spanish Banking Association (AEB) speaks about the situation of Spanish banking in the current economic situation marked by high inflation. Read more (ES)
Finance Norway: New vice-president in NHO
Turid Grotmoll, CEO of Fremtind Forsikring and board member of Finance Norway, was elected at NHO's general meeting. Read more (NO)
Finance Latvia: Industra Bank invites all small merchants to offer their customers the option to pay with cards
It might seem that card payment is the privilege of large merchants, but this is no true. As reported by Finance Latvia, Industra Bank has launched a mobile app that will turn your Android smartphone into a full-fledged POS terminal during the day. Read more (LAT) |
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FROM THE INSTITUTIONS
ECB: Luis de Guindos: EU banking package
Luis de Guindos, Vice-President of the European Central Bank (ECB) explores the last steps to leverage the lessons learned from the global financial crisis and the priorities for the Banking Package. Read more
EBA: Opinion on measures to address macroprudential risk following notification by the Estonian Central Bank, Eesti Pank
The European Banking Authority (EBA) published an Opinion following notification by the Estonian macroprudential authority, Eesti Pank, of its intention to extend a measure initially introduced in 2019 for a second two-year period. Read more
ESAs: Board of Appeal dismissed request for suspension in the appeal by Euroins Insurance Group AD against EIOPA
The Board of Appeal of the European Supervisory Authorities (ESAs), in the appeal brought by Euroins Insurance Group against the European Insurance and Occupational Pensions Authority (EIOPA), decided to dismiss the applications for suspension. Read more |
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FROM THE EBF
EBF response to the Have Your Say on the EU Environmental Taxonomy The European Banking Federation (EBF) responded to the European Commission’s call for feedback on targeted amendments to the Taxonomy Climate Delegated Act and to the Taxonomy Disclosures Delegated Act as a contribution to the efforts to ensure the usability and consistency of the Taxonomy Regulation. 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.
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