| EBF MORNING BRIEF Monday 31 January 2022 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA
Reuters: EU rules out big changes to green finance proposal
The European Commission will not make any fundamental revisions to proposals that classify nuclear power and gas as sustainable, Financial Markets Commissioner Mairead McGuinness said. As reported by Reuters, McGuinness said nuclear power and gas were necessary as transitional technologies "and as such, they will be clearly labeled". Read more
Bloomberg: Europe’s big two to deepen split on inflation response
Europe’s two biggest central banks meet this week, with their decisions likely to highlight the different paths the pair are taking to tackle surging inflation. According to Bloomberg, the Bank of England is expected to unveil the first back-to-back interest rate hikes since 2004. However, that moment seems a remote prospect for the European Central Bank (ECB). Read more
FT: Slovenia banks warn of risks from bill changing terms of past loans
Legislators in Slovenia will vote on a measure to make banks repay hundreds of millions of euros to foreign currency borrowers, with lenders warning that the measure would undermine their operations in the Alpine nation. Banks would have to redefine repayment terms and cap exchange rate losses for borrowers at 10 percent, repaying them for any extra costs incurred going back to 2004, the Financial Times (FT) reports. Read more |
|
MAIN EVENTS
For a full-year overview of key financial regulation events: click here
|
|
FROM THE EBF MEMBERS Febelfin: Granting of mortgage lending returned to pre-COVID levels Mortgage lending fully recovered from the corona crisis in 2021 and almost caught up to its level of the record year 2019, Febelfin reports. Excluding refinancings, the number of loan applications in 2021 increased by around 11.5% compared to 2020, and was only 0.5% below the level of the record year 2019. Read more (FR)
SBA: Hardly any backing for the SNB on digital currencies
According to the Swiss National Bank (SNB), innovation in digital currencies is a matter for the private sector. The goals of the SNB are an internationally first-class payment experience for the economy and the population as well as the creation of a basis for new business models. Swiss Banking Association (SBA)'s Martin Hess says it is good but not the end of the (technological) roadmap. Read more (DE)
HUB: Promoting the protection of personal data
The Croatian Banking Association (HUB) celebrates the European Day for the Protection of Personal Data. In Croatia, the protection of personal data is ensured regardless of citizenship, residence, race, color, sex, language, religion, political or other. Read more (HR) |
|
FROM THE INSTITUTIONS ESMA: Consultation on trading venue perimeter The European Securities and Markets Authority (ESMA) launched a consultation paper (CP) on what constitutes a multilateral system, following the final report on the functioning of Organised Trading Facilities under MiFID II. Stakeholders, in particular investment firms and market operators, are invited to submit their input. Read more
ECB: The euro: a trusted and safe means of payment
Only 12 counterfeits were detected per 1 million genuine banknotes in circulation last year, which is a historically low level. Even though it is very unlikely for you to receive a fake, the European Central Bank (ECB) always recommends checking your banknotes using the “feel, look and tilt” method. Read more
EIOPA: Consultation on its Retail Investor Protection proposals
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a public consultation on retail investor protection in relation to the sale of Insurance-Based Investment Products (IBIPs). The consultation is a response to a Call for advice, which relates to the implementation of the European Commission’s Capital Markets Union Action Plan and, more specifically, its Retail Investment Strategy. Read more |
|
FROM THE EBF
EBF Vacancies: Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
|
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 |
|
|
This newsletter is published by the EBF Mediacentre. If you do not want to receive the EBF Morning Brief click here.
For questions or suggestions contact [email protected]
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
|
|
|
