| EBF MORNING BRIEF Thursday 10 December 2020 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
Politico: EU27 won’t take Brexit decision at the summit
Deal or no deal with the U.K. will not be the question at the European Council summit, reports Politico. A senior EU official said Wednesday that Commission President Ursula von der Leyen may brief the EU heads of state and government on the status of the talks on a post-Brexit trade agreement, but that leaders will not debate the matter, let alone vote to approve any potential deal. Read more
CNBC: Deutsche Bank ‘prepared for each and every outcome’ of Brexit Christian Sewing, chief executive of Deutsche Bank, told CNBC Wednesday that the lender was prepared for every eventuality when it comes to the last-ditch talks aimed at breaking the impasse between the U.K. and European Union. Read more Bloomberg: Europe's bankers aren't ready for marriage For all the good intentions about a euro zone banking union, the zeitgeist has changed on cross-border mergers, writes Bloomberg. UniCredit's example shows how banks are increasingly looking inward rather than embracing the European project. Read more (€) |
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MAIN EVENTS today and tomorrow
Thursday 10 December:
Friday 11 December: -
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Oliver Wyman webinar with the 30% Club: Women and Finance in A World With COVID-19 -
EBF RBA/KYC Task Force virtual meeting -
EBF Information Sharing Task Force virtual meeting -
EBF AML & Financial Crime Committee virtual meeting
For more events check the EBF planning calendar HERE
*All events take place in Brussels unless stated otherwise
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FROM THE EBF MEMBERS AEB: Financial education, key to day-to-day decision-making The Spanish Banking Association (AEB) awarded the Federico Prades Prize to the economist Veronica Frisancho, for her work on financial education taught in schools and its benefits for students, teachers and their families. Read more (ES) Febelfin: Support measures to be continued and expanded in 2021 In March 2020, the Belgian financial sector announced a series of support measures that allowed families and individuals to request a deferment of their credit. The sector has decided to continue and expand this commitment in 2021, reports Felbelfin. Read more (FR) UK Finance: "Let's Talk Business", to guide businesses UK Finance’s "Let's Talk Business" guide is an important starting point for businesses looking for assistance. It features a ten-point checklist and a list of frequently asked questions aimed at helping businesses prepare and access the finance they need. Read more NVB: Banks work together with science and government on Quantum Quantum technology will revolutionize new products and services. That creates opportunities, but also threats to data security, due to the enormous computing power of the quantum computer, reports the Dutch Banking Association (NVB). Read more (NL) |
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FROM THE INSTITUTIONS
Single Resolution Board publishes MREL dashboard
The Single Resolution Board (SRB) has published an MREL dashboard which will be followed by regular quarterly reports. The dashboard is designed to give a comprehensive overview of the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) across the banks under the SRB’s remit. Read more
Council: New rules addressing cessation of financial benchmarks
EU ambassadors confirmed on behalf of the Council an agreement reached between the German presidency and the European Parliament's negotiators on amending the so-called Benchmark Regulation. The agreed amendments are of key importance to avoid any systemic risks that might result from the phasing out of the London Inter-Bank Offered Rate (LIBOR) by the end of 2021. Read more
ECA: COVID-19 crisis risks widening the economic gap between EU
The early measures taken by the EU and its Member States to counter the economic impact of COVID-19 have helped save jobs and businesses, according to the European Court of Auditors (ECA). However, the auditors also see the risk that the pandemic’s uneven impact on Member States and their differing capacities to support their economies may serve to widen the economic gap between them. Read more |
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FROM THE EUROPEAN BANKING FEDERATION
EBF Cloud Banking Forum: Promoting Cloud adoption at Scale
As part of the EBF Cloud series, Drs. Patrick Maes, Chair of the EBF Cloud Banking Forum and Cloud Expert Group concludes the EBF Cloud series with key elements on Promoting Cloud adoption at Scale for financial services. Read more Cloud Banking at EBF |
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The European Banking Federation and fTLD Registry Services (fTLD) are partnering to educate the European banking sector about the cybersecurity role .BANK plays in protecting banks against Business Email Compromise (BEC) scams, phishing and spoofing attacks that lead to breaches, identity theft and financial fraud. fTLD administers the .BANK domain and the EBF has served on its Advisory Council since 2013. To learn more about the security benefits of .BANK, visit https://www.register.bank/ebf/ or contact fTLD at [email protected]. |
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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. The EBF 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. |
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This newsletter is published by the EBF Mediacentre.
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