EBF MORNING BRIEF Monday 24 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: ECB says 16 eurozone banks fall short of climate demands, may face penalties
Sixteen eurozone banks are still failing to disclose enough information about their exposure to climate risk and may face fines or higher capital requirements from the European Central Bank (ECB), according to Reuters. While this was an improvement from a year ago, the ECB said lenders needed to make "further improvements" to meet the requirements. Read more
Bloomberg: ECB’s Stournaras says rates are close to maximum
European Central Bank (ECB) policymakers should be cautious and avoid making big or small moves in the next rate decisions, according to Governing Council member Yannis Stournaras. As reported by Bloomberg, while the ECB is expected to further increase rates on May 4, officials are wary of making firm predictions on how much. Read more
CoinDesk: EU crypto industry applauds MiCA but looks to what’s next
The European Parliament's vote in favor of new crypto licensing rules was largely met with applause from the industry, but now attention turns to the details that need to be colored in. Optimism about MiCA’s impact seems to be matched in the traditional financial sector, CoinDesk reports. Read more |
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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COMING IN A WEEK Annual Sustainable Investment Forum Europe |
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The European Banking Federation is delighted to announce its partnership with Climate Action for the 6th Annual Sustainable Investment Forum Europe taking place on the 9th of May with UNEP FI. Returning to Paris at the Pullman Paris Eiffel Tower, the Forum provides a platform to share best practices on ESG due diligence, highlight solutions for climate risk and adaptation and explore blended finance techniques to attract commercial capital whilst providing financial returns for investors that align with UN SDG and Net Zero goals. We have an exclusive 25% discount for you!
Register using the code EBF25 and save on your pass! |
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FROM EBF MEMBERS
BPFI: Dedicated support for vulnerable customers moving bank accounts remains in place Banking & Payments Federation Ireland (BPFI) and Safeguarding Ireland are alerting customers that dedicated phone lines and supports for vulnerable customers moving bank account, as well as their carers, remain in place across all five retail banks. Read more
Finance Norway: A solid and profitable financial industry
The government emphasizes that Norway has a solid and profitable financial industry with a decisive role in financing the business world, sustainable restructuring, and good digital development. As highlighted by Finance Norway, this year's financial market report is presented in a challenging time, where the value of a solid and safe financial sector for both private individuals and companies becomes even clearer. Read more (NO)
Finance Latvia: Business lending will matter in the new economic cycle
Development and competitiveness require constant investment, Finance Latvia writes. Lending plays an important role here, because companies with their own funds may not be enough for rapid growth to keep up with market dynamics. Read more (LAT) |
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FROM THE INSTITUTIONS
ECB: Taking climate into account
Shocks resulting from the climate crisis are felt by our economy, says European Central Bank (ECB) Executive Board member Frank Elderson. 'We cannot ignore climate and environmental factors, and have to take them into account in our work,' he says. Read more
EBA: Updates in the list of institutions involved in the 2023 supervisory benchmarking exercise
The European Banking Authority (EBA) published an updated list of institutions, which have a reporting obligation for the purpose of the 2023 EU supervisory benchmarking exercise. The EBA will be conducting the 2023 benchmarking exercise on a sample of 117 institutions from 16 countries across the EU and the European Economic Area. Read more
BIS: Appointment of Gaston Gelos
The Bank for International Settlements (BIS) announced that Gaston Gelos has been appointed as Deputy Head of the Monetary and Economic Department (MED) and Head of Financial Stability Policy, effective 1 September 2023. 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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