EBF MORNING BRIEF Monday 4 April 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.
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FROM THE MEDIA Reuters: Botin urges EU to define green lending to reduce dependence on Russian energy As reported by Reuters, Ana Botin, the chairman of Spanish bank Santander called for the EU to define what kind of lending is considered consistent with a net-zero energy policy, to help hasten moves to reduce dependence on Russian oil and gas. "Among other initiatives, financial institutions must be able to finance the energy transition, and to this end, the authorities must define as soon as possible what lending is deemed consistent with our net-zero goals," Botin said. Read more
Finextra: EU lawmakers back tougher crypto AML rules
European Parliament members have voted to outlaw anonymous cryptocurrency transactions as part of an EU anti-money laundering (AML) package. The rules would also cover transactions from so-called unhosted wallets, thus wallet addresses that are in the custody of private users. However, they would not apply to P2P transfers conducted without a provider, Finextra reports. Read more
Bloomberg: EBA, no systemic banking risk from market volatility
European Banking Authority (EBA) Chairman Jose Manuel Campa discussed the risks to the European Union banking system from inflation and Russia’s invasion of Ukraine at “Bloomberg Surveillance Early Edition.” Watch now |
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MAIN EVENTS European Parliament plenary session (Strasbourg, France) Deadline for submissions on European Banking Authority consultation on draft RTS on IRRBB standardized approach
For a full-year overview of key financial regulation events: click here
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FROM THE EBF MEMBERS
NVB: We are jointly responsible for training young people
To know how to open an account or how savings work and why a buffer is important are key competencies. If young adults do not have this information, they should know where to get help. With these goals in mind, banks are putting extra effort into providing teaching material, Sasja van der Knoop, Advisor on financial education at the Dutch Banking Association (NVB) says. Read more (NL)
AEB: More than 3,300 older people learn new technologies in Expertclick workshops
Since 2018, Expertclick, the digital school of the Cibervoluntarios Foundation and the Foundation of the Spanish Banking Association (AEB), has trained more than 3,300 people over 55 years old living in Spanish rural areas in the use of technological tools. The elderly who have attended these 6-hour workshops learn to use their smartphone to communicate by videoconference, do business with their bank, request a medical appointment, buy online or take advantage of their leisure time on the Internet. Read more (ES)
UK Finance: Climate change delivery: What needs to be done
Human-induced climate change is happening and, according to Hoesung Lee, Chair of the Intergovernmental Panel on Climate Change, it is “a grave and mounting threat to our wellbeing and a healthy planet”. UK Finance's new report on green finance and climate risk set out the political, regulatory, and legal positions. Read more |
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FROM THE INSTITUTIONS
EBA: Risk Dashboard indicates limited direct impact on EU banks from the Russian invasion of Ukraine
The European Banking Authority (EBA) published its Risk Dashboard for the fourth quarter (Q4) of 2021. A special feature highlights the potential impact of the Russian invasion of Ukraine on the EU/EEA banking sector. Based on the EBA’s initial assessment, direct exposures to Russia, Belarus, and Ukraine are limited, but second-round effects may be more material from a financial stability perspective. Read more
ESMA: EMIR, SFTR data quality improve following coordinated actions
The European Securities and Markets Authority (ESMA) published the second edition of its Data Quality Report based on data gathered under the European Markets Infrastructure Regulation (EMIR) and, for the first time in 2021, the Securitised Financing Transactions Regulation (SFTR) reporting regimes. ESMA’s analysis indicates that, despite these very positive results, certain aspects related to data reconciliation will require more effort by reporting entities. Read more
BIS: New GHOS Chair
The Group of Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, has appointed Tiff Macklem, Governor of the Bank of Canada, as its new Chair, effective immediately. As reported by the Bank for International Settlements (BIS), Mr. Macklem succeeds François Villeroy de Galhau, Governor of the Bank of France, who has chaired the GHOS since November 2019. Read more |
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FROM THE EBF
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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