EBF MORNING BRIEF Monday 25 January 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.
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FROM THE MEDIA
FT: Europeâs bank bosses under pressure Bank bosses will be the subject of intense scrutiny when Europeâs earnings season kicks off this week, the FT reports. Read more (âŹ) Bloomberg: EUâs McGuinness warns city of London âchange is comingâ Mairead McGuinness, European commissioner for financial services, said in a Bloomberg TV interview Friday that the EU doesnât have a fixed timeline for reaching a decision on financial services and emphasized that Brexit would inevitably hinder access to the bloc. Read more Euractiv: Digital euroâs âmoment of truthâ to come in April The European Central Bank will decide in spring, most likely in April, whether to move ahead with the preparatory work to launch a digital euro, a complex project that would facilitate payments but could also shake the foundations of the financial system, Euractiv reports. Read more |
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MAIN EVENTS today ILF Conference 'Green Banking and Green Central Banking; What are the Right Concepts?'. EBF CEO Wim Mijs speaking. Register European Parliament: ECON Committee Extraordinary meeting. Agenda BIS releases International Banking Statistics. Statistical releases European Commission press conference on Green Consumption Pledge |
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FROM THE EBF MEMBERS
Febelfin: 3.6% increase for the Belgian fund sector during Q3 2020 The Belgian Financial Sector Federation (Febelfin) reports that, in the third quarter of 2020, the Belgian fund sector recorded a 3.6% increase, mainly driven by price increases recorded by the underlying assets and, on the second line, supplemented by net subscriptions. "Investors have also maintained their confidence in the Belgian fund market," says Johan Lema, Chairman of the Belgian Asset Managers Association (BEAMA). Read more (FR)
UK Finance: Man charged over sending Covid-19 vaccine scam texts Munasar Jiniqow has been arrested and charged with sending out scam text messages related to the Covid-19 vaccine following an investigation by the Dedicated Card and Payment Crime Unit (DCPCU), a specialist police unit funded formed as a partnership between UK Finance, the City of London Police and the Metropolitan Police together with the Home Office. Read more NVB: Queen MĂĄxima guides entrepreneurs affected by the pandemic Her Majesty The Queen MĂĄxima was the honored guest of the Dutch Banking Association (NVB) during the conference "Strong together for debt-free SMEs," guiding entrepreneurs affected by the pandemic. Read more (NL) |
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FROM THE INSTITUTIONS ECB publishes forecast survey The European Central Bank (ECB) has published the results of the ECB Survey of Professional Forecasters in the first quarter of 2021. The survey found that shorter-term inflation expectations largely unchanged. Forecasters longer-term inflation expectations unchanged at 1.7%. Additionally, unemployment rate expectations revised down across all horizons. EP summarises decision on Banking Union The European Parliament has published a briefing that summarises the Basel Committeeâs decision to postpone the implementation of the outstanding Basel III standards, their main content, and their estimated impact on banksâ capital needs. ECB publishes papers on equity The European Central Bank (ECB) has published a paper measuring the cost of equity of euro area banks. It concludes that unlisted banks tend to have a lower cost of equity compared to listed banks. Additionally, the ECB has published a paper exploring whether bank insiders impede equity issuances. It concludes that bank insiders are reluctant to reduce their private benefits of control by diluting their ownership through equity issuances. |
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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. The EBF 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. |
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