EBF MORNING BRIEF Monday 12 September 2022 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. Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA Bloomberg: ECB ramps up scrutiny of banksâ readiness for gas crisis The European Central Bank (ECB) is intensifying discussions with banks over their readiness for a potential surge in company defaults and a drying-up of energy-market liquidity, amid the worsening stand-off over Russian gas supplies. Banks must show that they can conduct stress tests and that theyâre updating economic assumptions, Bloomberg says. Read more Reuters: Govts not the ECB should help ease energy market stress Governments not central banks should help energy firms under stress and prudential requirements should not be eased at clearinghouses and derivative counterparties, European Central Bank (ECB) President Christine Lagarde said. As reported by Reuters, Lagarde added that the ECB is ready to provide liquidity to banks as part of its normal central banking operations but utility firms are outside its remit. Read more Euronews: Women make gains in leadership of private German banks Women made up 35.2% of leadership positions at private banks in Germany in 2021, figures from the bank employment lobby AGV Banken showed. According to Euronews, that is up from less than 10% at the start of the 1990s, and 34.8% in 2020. Recognizing that more needs to be done to promote gender balance, German banks say they are taking steps to adjust equality even as staff cuts and major overhauls complicate matters. Read more |
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MAIN EVENTS European Parliament plenary session (Strasbourg) Council Working Party on Tax Questions (Indirect Taxation) For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS FBF: Latest figures on personal loans At the end of July 2022, loans to individuals reached 1,487 billion euros, up 5.9% over one year. This dynamic of home loans is stronger in France than in the eurozone where it stood at 5.3% in July, according to data by the French Banking Federation (FBF). Read more NVB: happy that DNB recognizes money laundering bottlenecks As gatekeepers of the financial system, banks have an important role in preventing money laundering and terrorist financing. Banks have been pointing out bottlenecks in service provision for some time. The Dutch Banking Association (NVB) is therefore pleased that De Nederlandsche Bank (DNB) now also recognize these bottlenecks and wants to do something about them, as well as to increase the effectiveness of combating money laundering, which is an important public-private task. Read more (NL) BdB: Raw material security and its financing In the new episode of the "Banking Secrecy" podcast, the Association of German Banks (BdB) spoke to Hauke ââBurkhardt, who is responsible for trade and corporate finance in Germany, Austria, and Switzerland at Deutsche Bank to discuss raw material security and its financing. Read more (DE) |
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FROM THE INSTITUTIONS EBA: EBA issues revised list of validation rules The European Banking Authority (EBA) issued a revised list of validation rules for its reporting standards, highlighting those which have been deactivated either for incorrectness or for triggering IT problems. Read more ECB: The effect of negative interest rates on bank cost efficiency Do negative interest rates affect banksâ cost efficiency? In a new paper published by the European Central Bank (ECB), researchers found that banks most affected by negative interest rates responded by enhancing their cost efficiency. Improvements are more pronounced for banks that are larger, less profitable, with lower asset quality, and that operate in more competitive banking sectors. Read more BIS: Trust, digitalization, and banking Pablo HernĂĄndez de Cos, Chair of the Bank for International Settlements (BIS) Basel Committee on Banking Supervision and Governor of the Bank of Spain, says that advances in financial technology that seek to enhance service efficiency, inclusiveness, and quality are welcome but they canât replace human judgment in banking and supervision. Read more |
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FROM THE EBF this month 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. If you do not want to receive the EBF Morning Brief click here. For questions or suggestions contact [email protected] European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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