| EBF MORNING BRIEF Monday 19 April 2021 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!
|
|
|
FROM THE MEDIA
FT: EU split over delay to decision on classing gas as green investment The European Commission is split over whether to postpone a decision on classifying gas generated from fossil fuels as green energy under its landmark classification system for investors. Brussels had planned to publish an updated draft of a taxonomy for sustainable finance later this week, FT reports. The document is designed to guide those who want to direct their money into environmentally friendly investments, and help stamp out the misreporting of companies’ environmental impact, known as greenwashing. Read more (€) Reuters: Column: E-euro starts to take shape The promised digital euro started to take shape this week and signals from Frankfurt may offer some relief to nervy commercial banks worried about being sidelined by the latest disrupter. With the “hands off” pandemic accelerating the demise of physical cash, and private-sector crypto and stablecoins threatening to invade the space, the pledge last year of a digital euro within five years came before the European Central Bank knew what exactly it would be or how it would function, Reuters writes. Read more
Quartz: Brexit’s tab as banks leave for Europe: $1.2 trillion and counting
In the wake of Brexit, at least 440 banks and financial services companies are moving some part of their operations and managed assets from London to cities in Europe, according to an analysis by New Financial, a London think-tank, Quartz reports. But even as London’s status as Europe’s capital of finance is dimming, no other European city as yet stands to replace it, said William Wright, the founder of New Financial. Read more |
|
MAIN EVENTS today For a full-year overview of key financial regulation events: click here |
|
FROM THE EBF MEMBERS
Bankenverband: Financing the necessary awakening of the economy
The banks are robust. But in order to finance the necessary awakening of the economy, politicians, supervisors, and the ECB must examine how the financial sector can be further strengthened, says Bankenverband president Hans-Walter Peters. Read more
UK Finance: With corporate sustainability reporting on the rise, how do you report on it effectively?
With corporate sustainability reporting on the rise, how do you report on it effectively? Caroline Winch from Thomson Reuters explores with UK Finance ways to ensure effective corporate sustainability reporting. Read more Finance Denmark: Financial markets one year after the Corona crisis A year after the start of the Corona crisis, it is clear that the crisis is not a financial one, reports Finance Denmark. The financial markets were severely tested by the uncertainties of the spring pandemic and the consequences were stock prices and rising interest rates. Read more (DK) |
|
FROM THE INSTITUTIONS
Remarks by Commissioner Gentiloni at the Eurogroup press conference
Following the meeting of the Eurogroup, Commissioner Gentiloni has highlighted key discussion points. He noted that an agreement on a backstop for the single resolution fund to enter into force next year, but emphasised that the Banking Union is incomplete. The Commission is strongly committed to agreeing on a work plan. Read more
Basel Committee publishes work programme and strategic priorities for 2021-22
The Basel Committee on Banking Supervision has published its work programme for 2021-22. The work programme sets out the strategic priorities for the Committee over the coming year. Read more ECON Committee Extraordinary Meeting Agenda The European Parliament has published the agenda of the Economic and Monetary Affairs (ECON). There will be an exchange of views with the candidate for the appointment of the Executive Director of the European Securities and Markets Authority (ESMA), Natasha Cazenave. This will be followed by a vote on the appointment. Read more
European Commission weekly schedule Find out more about the European Commission's engagement and activities for the upcoming week. Read more
European Central Bank weekly schedule Find out more about the ECB's engagements and activities for the upcoming week. Read more
European Parliament weekly schedule Find out more about the Parliament's engagements and activities for the upcoming week. Read more |
|
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 |
|
|
This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact [email protected] Recommend the EBF newsletters to a colleague. Click here to sign up!
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
|
|
|
