EBF MORNING BRIEF Monday 8 April 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: Bank valuations at stake as EU splits with US over ESG risk
The European Banking Federation (EBF) says lenders in the region won’t be able to compete with their US rivals if regulators continue to pile on ESG rules that Wall Street remains free to ignore. Denisa Avermaete, senior policy adviser for sustainable finance at the EBF, says ESG buffers are problematic because they’re an “exclusively European tool.” Read more Reuters: Italy's top banks narrow share price discount to book value Italian banks have seen their share prices soar to multi-year highs as rising interest rates turbocharge profits, driving up lending costs while deposit rates lag far behind. According to Reuters, with ample capital reserves and a limited need to provision against credit losses, banks have been able to boost payouts for investors, making up for a dividend ban regulators imposed during the pandemic. Read more
The Banker: Will the EU’s securitisation revival bring more capital relief for banks?
The European banking industry is readying itself for regulatory changes that will allow the revitalisation of the securitisation market, which has stagnated following the global financial crisis, despite growth in other regions. Securitisation, supporters argue, could widen the scope of funding instruments for banks, move risks away from their balance sheets, and free up capital for lending to the real economy, The Banker reports. Read more |
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Sustainable Investment Forum Europe 2024 Uniting the financial sector for a sustainable Europe: Strengthening connections to drive economicand environmental progess Thursday 2nd May 2024 |
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EBF is delighted to announce its partnership with Climate Action for the 7th Annual Sustainable Investment Forum Europe taking place on the 2nd May with UNEP FI.
The must attend Forum will feature discussions on decarbonization, as well as pioneering work on nature and biodiversity, adaptation, the Just Transition and leading research and best practices to identify, measure, disclose, and manage sustainability risks.
Our goal is to align sustainable finance with the real economy and enable
a just transition to a net-zero, nature positive global economy.
We have an exclusive 25% discount for our network using EBF25,
register now to save on your delegate pass! |
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FROM EBF MEMBERS
FBF: Safety reflexes against the most common scams
Hackers are constantly renewing their fraud schemes. Whether technical or more psychological, most often, frauds surf the news. Fake news, viruses, phishing, ransomware, false transfer orders, etc. The French Banking Federation (FBF) lists the security implications to be taken into account. Read more (FR)
UK Finance: Five operational challenges for UK financial institutions
Last year's introduction of popular tools for generative AI was the most far-reaching development for UK banking in recent history 2024. It has prepared the industry for increased investment in AI and intensified competition to make the most of this increased opportunity. Uk Finance defines the five key operational challenges for UK financial institutions arising from this. Read more
Finance Latvia: Bank Citadele issued subordinated bonds of €20 million
As Finance Latvia reports, Banka Citadele has issued subordinated bonds of €20 million, with the demand three times exceeding the supply. The bonds were offered within the framework of the 60 million euro Fifth Unsecured Subordinated Bond Program. Read more (LAT) |
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FROM THE INSTITUTIONS
ECB: Consolidated financial statement of the Eurosystem
The European Central Bank published the consolidated financial statement of the Eurosystem as at March 29 2024. Read more
EIOPA: Supervisory expectations regarding the supervision of reinsurance concluded with third-country reinsurers
The European Insurance and Occupational Pensions Authority (EIOPA) published its supervisory statement on the supervision of reinsurance concluded with third-country reinsurers. Read more
BIS: Project Agorá: central banks and banking sector embark on major project to explore tokenisation of cross-border payments
The Bank for International Settlements (BIS) together with seven central banks today announced plans to join forces with the private sector to explore how tokenisation can enhance the functioning of the monetary system. Project Agorá brings together seven central banks that will seek to work in partnership with a large group of private financial firms convened by the Institute of International Finance. 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 EBF Tax Conference 2024: “Banks as Taxpayers and as Auxiliaries to Tax Authorities in the Digital Era” On 23 January 2024, the European Banking Federation (EBF), in collaboration with sponsors Deloitte, EY, KPMG and PwC, held a landmark event on Banks as Taxpayers and as Auxiliaries to Authorities in the Digital Era. The conference brought together leading experts and policymakers to discuss developments in the EU tax landscape and associated implications for financial institutions and financial markets. 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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