EBF MORNING BRIEF Monday 26 June 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's De Cos sees another 25 bps rate hike in July
As reported by Reuters, the European Central Bank (ECB) will need to raise interest rates by another 25 basis points in July to combat inflation but the path afterward remains unclear, ECB policymaker Pablo Hernandez de Cos said. Read more
Cointelegraph: Issuing digital euro is probably a duty, de Galhau says
The digital euro holds something in store for every stakeholder, Governor of the Banque de France François Villeroy de Galhau told commercial bankers. Disintermediation is not in the works, he said while emphasizing collaboration, Cointelegraph reports. Read more
Finextra: Italian banks launch CBDC pilot project
According to Finextra, the Bank of Italy has launched a pilot to assess the viability of a central bank digital currency (CBDC). The pilot also involves 18 Italian commercial banks and the Italian Banking Association (ABI). Read more |
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
FBF: Household savings: key facts and figures
The latest publication by the French Banking Federation (FBF) presents the savings behavior of the French people and offers a focus on the situation of regulated savings as well as on other savings instruments. Read more (FR)
UK Finance: Prepare for regulatory focus on countering market abuse
UK Finance expects the UK regulators to have a renewed focus on market abuse this year. There is enough for firms to consider as they look at ensuring their surveillance functions are in order and they should therefore use this time to make sure they’re ready. Read more
BdB: The role of banks in Germany at a glance
Banks make a significant contribution to economic growth and employment. According to the Association of German Banks (BdB), 73 billion euros is the gross value created by the financial sector in Germany with more than 540,000 people employed by the German banking industry. Read more (DE) |
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REGISTRATION OPEN How do European banks prepare for their ESG reporting in line with Pillar 3 and Green Asset Ratio? |
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| | Climate change continues to take center stage on the European regulatory agenda. In this webinar, we will discuss how these regulations impact European banks and their clients and what are the challenges. Join our panelists as they discuss: What are the Pillar 3 disclosure requirements and the Green Asset Ratio? How are Pillar 3 and Green Asset Ratio reporting impacting banks and how are they preparing? How do international initiatives like the Net-Zero Banking Alliance and existing legislation (e.g., CSRD, SFDR) interact and how does this impact banks’ reporting? How is ESG likely to evolve, what challenges lie ahead, and how can they be overcome? |
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FROM THE INSTITUTIONS
ECB: Crypto’s failed promises
Crypto has been promoted as a secure, decentralized alternative to money and finance. Instead, it is highly unstable and centralized, says European Central Bank (ECB) Executive Board member Fabio Panetta. Policymakers should regulate cryptos and focus on central bank digital currencies. Read more
ESMA: Guidelines on templates for summary resolution plans and for written arrangements for resolution colleges
The European Securities and Markets Authority (ESMA) has published two Final Reports including guidelines on the central counterparties (CCPs) Resolution Regime under the CCP Recovery and Resolution Regulation (CCPRRR). Read more
BIS: Building together a future-proof banking sector in Europe
François Villeroy de Galhau, Governor of the Bank of France addressed the recent banking turmoil and called for future-proof banking and payment sector in Europe. In his speech published by the Bank for International Settlements (BIS), he also explains if central banks stand ready to issue a digital currency. 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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