EBF MORNING BRIEF Monday 22 April 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: ECBâs Villeroy says oil uncertainty wonât stop June rate cut
The European Central Bank (ECB) onât be swayed from a first interest-rate cut in June by oil price uncertainty, Governing Council member Francois Villeroy de Galhau said. According to the Bank of France governor, even if conflict in the Middle East did push up oil costs, policymakers would have to first analyze if such a shock fueled underlying prices and inflation expectations. That means thereâs no âmechanicalâ reaction, he said in an interview as reported by Bloomberg. Read more FT: Raiffeisen warns ECB plans could derail plan to sell Russian arm Austriaâs Raiffeisen Bank International said it expected to be ordered by the European Central Bank (ECB) to speed up its withdrawal from Russia, in a move that could derail talks to sell its highly profitable division in the country. Raiffeisen has come under mounting criticism for not having done enough to scale back its business, following the beginning of Moscowâs full-scale invasion of Ukraine in February 2022. Read more
Reuters: ECB flags concern over UniCredit management turnover risk
The European Central Bank has raised concerns with UniCredit about a high turnover of top managers, after a string of changes at Italy's No.2 bank under Chief Executive Andrea Orcel, sources told Reuters. UniCredit has seen a series of top departures since Orcel joined in April 2021. The former UBS investment banker quickly moved to overhaul the bank's leadership structure, picking new top executives as he axed a dual head set-up. Read more |
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FROM EBF MEMBERS
Finance Denmark: A few hours of teaching increases children's financial knowledge considerably
Every year Finance Denmark holds Money Week throughout the country. The initiative has now existed for 10 years, where the oldest pupils in primary school can participate. A new study shows that children who have been taught personal finance during Money Week increased their financial knowledge by as much as 18 percent. Read more (DK)
ABBL: Annual Report 2023: regulated, innovative, responsible
Against a backdrop of ongoing supervision, the Luxembourg Bankers' Association (ABBL) works alongside its members to maintain confidence in Luxembourg's financial sector. The 2023 Activity Report underlines ABBL's commitment to sustainable, innovative and responsible banking, highlighting collective achievements. Read more
NVB: AFME's 3rd European Conference on Sustainable Finance
On May 22-23, AFME (Association for Financial Markets in Europe) will organize its 3rd annual European Sustainability Conference in Amsterdam. The Dutch Banking Association (NVB) is a co-partner of the conference this year. Read more (NL) |
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FROM THE INSTITUTIONS
ECB: Feedback on the European Parliament resolution
The European Central Bank (ECB) published its feedback statement responding to the issues and questions raised by the European Parliament in the resolution on ECB's 2022 Annual Report. The topics covered range from the ECBâs monetary policy to climate change and a digital euro. Read more
ESAs: Consultation on technical standards for joint examination teams under DORA
The European Supervisory Authorities launched a public consultation on the draft Regulatory Technical Standards (RTS) on the conduct of oversight activities in relation to the joint examination teams under the Digital Operational Resilience Act (DORA). Read more
EIOPA: Joint governance framework on the DPM 2.0 standard
The European Insurance and Occupational Pensions Authority (EIOPA), the European Banking Authority (EBA) and the European Central Bank (ECB) have set up an alliance for common governance and collaboration in developing and maintaining the Data Point Model (DPM) Standards. 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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