EBF MORNING BRIEF Monday 4 July 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
FT: ECB discusses blocking banks from multibillion-euro windfall
The European Central Bank (ECB) is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interest rates. According to the Financial Times (FT), one option could be for the ECB to change the terms of the loans to reduce the chance for banks to make an automatic return on the money. Read more
EURACTIV: High inflation could increase equity financing
Since interest rates increase as a reaction to high inflation figures, corporations might be incentivized to turn towards equity instead of debt to finance their investments. Overall, however, investments could stagnate due to the uncertain economic outlook. Stagnating investments are bad news for the development of the economy in general, but they could also hurt the green transition, EURACTIV notes. Read more
PYMNTS.com: EU Commission finds ally in a regulator on open finance
As reported by PYMNTS.com, the European Commission will close a consultation on Tuesday about open finance in what can be seen as a first step in regulating this space, although the Commission wonât be legally bound by the results of the consultation. Even before analyzing all the feedback from stakeholders, the Commission already knows that it can count on the support of the European Banking Authority (EBA), although with some limits. 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 THE EBF MEMBERS
Febelfin: The rise of digital payments continues
More and more people are abandoning banknotes in favor of their payment cards or smartphone. This emerges from the latest Digital Payments Barometer, a study conducted on behalf of Febelfin. From July 1, consumers are able to pay digitally in all shops and liberal professions in Belgium. Read more (FR)
BdB: Impulses from the banking association and BDI on the future of foreign trade promotion and the German export economy
In view of the geopolitical changes, the Association of German Banks (BdB) and the Association of German Industries (BDI) see the need for a fundamental reorientation of the Federal Government's foreign trade promotion. Export industry projects that are in the strategic interest of the federal government should be given more support. The interaction between business, financing banks, and state subsidies must be expanded in favor of greater efficiency. Read more (DE)
FBF: Maya Atig on developments in payments in Europe
Maya Atig, Managing Director of the French Banking Federation (FBF), closed the meeting by FRANCE PAYMENTS FORUM on âBuilding the Europe of paymentsâ. One of the peculiarities of innovations in terms of payments is that they are always âcollective impulsesâ. "It takes a team to provide a solid common foundation for an entire ecosystem: banks, infrastructure and technical solution providers, domestic and international payment networks, regulators, merchants of course and relays to consumers," she said. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Protecting the euro area economy from global shocks
"Unity, not fragmentation, makes us strong," says European Central Bank (ECB) Executive Board member Fabio Panetta. Acting against fragmentation is necessary to fulfil the ECB mandate, and is in the interest of all euro area countries. "We must be united to overcome geo-economic challenges," he stressed. Read more
EBA Risk Dashboard points to high capital and liquidity ratios and indicates first signs of deterioration in asset quality not least related to geopolitical tensions
The European Banking Authority (EBA) published its quarterly Risk Dashboard together with the results of the autumn edition of the Risk Assessment Questionnaire (RAQ). Data points to high capital and liquidity ratios and indicates the first signs of deterioration in asset quality not least related to geopolitical tensions. Read more
ESRB: Stability and the EU securitization market
The European Systemic Risk Board (ESRB) published its first report on the implications of the EU securitization market for financial stability. The report shows that the EU securitization market is small compared with that of the United States and is concentrated in a few Member States with banks being the main holders of securitizations. Read more |
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FROM THE EBF
EBF: Call for a subcontractor to provide expertise as part of the implementation of the Social Partners in the European Banking Sectorâs project on âBanking in 2030â
The EBF published a call for a subcontractor to provide expertise as part of the implementation of the Social Partners in the European Banking Sectorâs project on âBanking in 2030â. The deadline for submission of bids is Friday 22 July 2022. Read more
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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