EBF MORNING BRIEF Monday 26 February 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: ECB Is closing in on new framework
The European Central Bank (ECB) is close to agreeing on a new monetary framework that some officials hope will open the door to an ultimate revival of the interbank market, people familiar with the debate told Bloomberg. Read more
POLITICO: Frankfurt to host EU dirty money watchdog
Frankfurt won the two-year race to house the EU’s future anti-money laundering authority, adding further weight to Germany's financial powerhouse, which is already home to the European Central Bank. As noted by POLITICO, the dirty money watchdog, dubbed AMLA, brings hundreds of well-heeled EU officials with it, something that should attract foreign investment from companies that plan on lobbying the agency’s decision-making. Read more
Finextra: Digitisation is a priority for ESG initiatives
According to Finextra, ESG has a new meaning in 2024, with more and more financial institutions becoming increasingly transparent in their sustainable principles, and governments pushing harder for green regulation within the industry. Read more |
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MAIN EVENTS Council Working Party on the Environment |
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Access to Finance for SMEs:
Assessment and Perspectives Wednesday 13 March 2024 | 8:45 AM - 6:30 PM (CET) |
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The SME Observatory of the Belgian Federal Public Service Economy is pleased
to announce that, on initiative of the Vice Prime Minister and Minister of SMEs of Belgium, the event “Access to Finance for SMEs: Assessment and Perspectives”
will be heldon 13 March 2024 from 8:45 a.m. until 6:30 p.m.
This event, in the context of the Belgian Presidency of the Council of the European Union, will feature a series of high-level panels dedicated to the theme of SME financing.
The panel discussions will cover topics such as late payment regulation,
intangible assets, and ESG reporting, among others. |
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FROM EBF MEMBERS
ABBL: A new era of corporate lending
During these demanding times, Luxembourg banks emerge as pivotal players in fuelling Europe's sustainable and digital evolution, notably through their lending activities. This critical role is underscored in the 2023 Luxembourg Bankers' Association (ABBL)/PwC joint Survey on the Luxembourg Corporate and Institutional Banking industry. Read more (FR) Finance Norway: The fight against cybercrime We live in a time where attacks on our digital infrastructure are becoming more frequent, more serious and more complex than before. Together with Morten Tandle, managing director of Nordic Financial CERT and Pål Christian Waag, specialist director for cyber security at Finans Norway, this podacst discusses today's threat picture and trends, and why cooperation is the best defense in the cyber war. Read more (NO)
NVB: A climate-proof housing market
The Ducth Banking Association (NVB) is very positive about the extensive research by the chief economists of ABN Amro, ING Bank and Rabobank into the consequences of climate change for both the housing market as a whole and individual home owners. The research makes it clear that the costs of climate change and climate policy are manageable for the Netherlands as a whole and that climate risks can be absorbed by society. Read more (NL) |
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FROM THE INSTITUTIONS
ECB: Decisions taken by the Governing Council
The European Central Bank (ECB) published the decisions taken by the Governing Council, in addition to the ones concerning the setting of interest rates. Read more
EC: Another step closer to the implementation of DORA and MiCA
The European Commission (EC) adopted delegated acts under the Regulation on Operational Resilience (DORA) and under the Regulation on Markets in Crypto-Assets (MiCA). The delegated acts are the first of a series to complement and complete the EU regulatory frameworks on cybersecurity matters for the financial sector and crypto-assets. Read more
BIS: Two truths and a myth in banking regulation
"Many have been warning about the detrimental impact of Basel III for almost 15 years now. Yet the empirical evidence to date is overwhelmingly clear: the global banking system has become more resilient since the implementation of Basel III, and bank lending has expanded in most jurisdictions during this time", says Pablo Hernández de Cos, Basel Committee on Banking Supervision Chair , the Bank for International Settlements (BIS) reports. 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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