EBF MORNING BRIEF Thursday 1 April 2021 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: Lagarde says ECB will decide on digital euro by mid-2021 European Central Bank President Christine Lagarde said in an interview with Bloomberg TV the ECB's Governing Council will make a decision on whether to move forward with a digital currency by mid-2021, and that the process of rolling it out should be completed within four years. Read more Reuters: Analysis: Shaken by Greensill, German towns pull millions from banks German towns and cities are pulling money from small, private banks, spooked after losing millions in the closure of Greensill Bank, an experience they said has shattered their faith in the country’s government and financial system, writes Reuters. Read more S&P: Flexible hours, political pressure may ease German bank gender problem A male-dominated financial sector, restrictive societal norms, unconscious bias — the barriers to women being appointed to bank boards in Germany are many and complex, writes S&P Global. Political pressure and quotas should be part of the solution, according to industry experts. Read more |
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MAIN EVENTS today EBF Communications and CSR Steering Group virtual meeting For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS Swedish Bankers: Basel 4 can have negative consequences for lending The European Commission's final proposal on the implementation of capital adequacy regulations Basel 4 is expected this summer. The effects of the implementation may be negative for Swedish lending, reports Copenhagen Economics. Read more (SE)
Bankenverband: TLTRO-III does not compensate negative interests The burdens of negative interest rates and the possible relief from targeted longer-term refinancing operations (TLTRO-III) are very unevenly distributed. In particular, it burdens banks with solid deposits. Read more (DE) Association of Cyprus Banks: Banks protect customers in the digital economy Digital TV invites Panos Panagiotou, Chairman of the Cyber Security Committee of the Association of Cyprus Banks (ACB), to discuss data security, cyber threats and how much banks are doing to protect their customers. Learn more (HL) |
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FROM THE INSTITUTIONS
EBA points to a rising share of loans that show a significant increase in credit risk
EBA published its Risk Dashboard for the last quarter of 2020. The data show a rise in capital ratios, a contraction of the NPL ratio and a return on equity (RoE) significantly below banks’ cost of equity. Besides asset quality and profitability, operational risks remain a key concern going forward. Read more
ESMA clarifies corporate disclosures obligations for UK issuers after Brexit
ESMA has published a statement concerning the application of transparency requirements by UK issuers with securities admitted to trading on regulated markets in the European Union (EU), now third country issuers, under the Transparency Directive (TD). Read more European Commission: Public Consultation on Instant Payments The European Commission has launched a public consultation on instant payments. The deadline for feedback is 23 June. The present consultation will inform the Commission on remaining obstacles as well as possible enabling actions that it could take to ensure a wide availability and use of instant payments in the EU. 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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