EBF MORNING BRIEF Monday 17 April 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
Reuters: Calls grow for quick end to ECB bond-scheme reinvestment A growing number of European Central Bank (ECB) policymakers are calling for the bank to stop reinvesting cash into its largest bond-buying scheme, to help trim its balance sheet as part of efforts to tackle inflation, sources heard by Reuters said. Read more
Bloomberg: ECB’s Lagarde says inflation pressures remain strong
As reported by Bloomberg, European Central Bank (ECB) President Christine Lagarde said that the ECB is ready to act if needed in light of elevated inflation. “The euro area banking sector is resilient, with strong capital and liquidity positions,” she adds. Read more
Cointelegraph: Economist breaks down MiCA and future of stablecoins
An economist of the European Commission shared his views on stablecoins and the future of regulations in Europe in a piece published by Cointelegraph. “Even though MiCA is ready, we have to be aware of the pace of innovation in the crypto sector and the new challenges it will bring. It was, is, and continues to be a long process of learning,” he says. Read more |
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MAIN EVENTS European Parliament plenary session (Strasbourg) For a full-year overview of key financial regulation events: click here |
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REGISTRATIONS ARE OPEN International Banking Summit Banks in a Deglobalizing World:
Delivering for Economy and Society 1 JUNE 2023 | BRUSSELS AND ONLINE |
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This year, we have joined forces with the International Banking Federation (IBFed) for a special edition of our flagship event dedicated to international and European banking policy.
Bringing together more than 450 policymakers, experts, representatives from banks, and international financial institutions, we will explore how banks can tackle the opportunities and challenges presented by a deglobalizing world, with a focus on global competition, digital banking, and sustainable transition. JOIN US IN BRUSSELS OR ONLINE! |
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FROM EBF MEMBERS
NVB: Ruling of the Appeals Committee for Bank Disciplinary Law
The Dutch Banking Association (NVB) has published its response to the Bank Disciplinary Appeals Committee ruling. Taking note of the verdict on the case, the banking sector tightened up its own Banking Code in response to criticism from politicians and society about the remuneration at several banks. Read more (NL)
Finance Denmark: More and more expensive holiday homes for sale
Danes looking for a holiday home have more to choose from. On the other hand, summer houses are more expensive than last year. This is what the latest figures by Finance Denmark show. Read more (DK)
ABBL: Guidelines on Sustainable Finance Disclosure Regulation (SFDR)
At the request of the Luxembourg Banker's Association (ABBL), the SFDR Guidelines for Luxembourg have been updated. The objective is to provide a comprehensive overview of the legal framework, guidelines, examples, and frequently asked questions on the implementation of the SFDR in the Grand Duchy of Luxembourg. Read more |
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FROM THE INSTITUTIONS
ECB: Recovery of the global economy
The global economic outlook has improved and inflation has declined, but the recovery continues to be fragile and uncertain, says European Central Bank (ECB) President Christine Lagarde. Inflation is still projected to stay too high for too long, and the ECB is determined to bring it back to the 2% target. Read more
EC: Sustainable Finance: Clarifications regarding disclosure rules on sustainable investments
The European Commission (EC) published responses to questions by the European Supervisory Authorities on the Sustainable Finance Disclosures Regulation (SFDR). The aim is to help financial market participants apply the Regulation and clarify the interaction between the SFDR and the different pieces of the sustainable finance framework. Read more
BIS: Intraday liquidity around the world
How banks manage their intraday liquidity depends on the availability and cost of intraday liquidity and LVPS design features, research by the Bank for International Settlements (BIS) found. Payment timing, coordination, and the resulting level of liquidity efficiency also vary with incentives for early payment submission and specific LSM design features. Read more |
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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 |
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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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