EBF MORNING BRIEF Thursday 13 April 2023 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: EU to speed up how regulators tackle failing banks EU plans will seek to speed up the handling of failing banks to ensure they are not bailed out by taxpayers but "bailed in" using their own resources, EU documents seen by Reuters showed. The draft would include a requirement for EU authorities, including the European Central Bank (ECB), to give an early warning if there was a risk of a bank failure. Read more
Bloomberg: ECB Guindos says inflation is sticker than expected
Core inflation pressures are more persistent than anticipated, according to European Central Bank (ECB) Vice President Luis de Guindos. Guindos said European lenders should avoid complacency and remain cautious after the turmoil, Bloomberg reports. Read more
FT: Global financial regulator calls for tougher rules after bank panic
Klaas Knot, chair of the Financial Stability Board (FSB) has urged officials to “learn lessons” from the recent banking turmoil, saying the latest stresses were a reminder that financial stability is “not merely an abstract concept”. As reported by the Financial Times (FT), he said the need to tighten rules in response to the panic was “all the greater” because “this latest episode had its origins within the financial system”. Read more |
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MAIN EVENTS
Thursday 13 April
Friday 14 April For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
ABI: Meetings for the development of the territory
The series of meetings by the Italian Banking Association (ABI) for the Development of the Territory is back tomorrow in Bari. The objective is to take stock of the current situation, analyze the relationship between banks and firms and think about how to boost cooperation between banking and business. Read more (IT)
BdB: New podcast episode out
In the new episode of the podcast by the Association of German Banks (BdB), they discuss interest representation at the EU level together with Kolja Gabriel, who heads the Brussels office of the Bankers Association. Read more (DE)
Finance Latvia: Priority in lending
To promote the growth of lending activities, Finance Latvia has defined three priority directions in which it sees the greatest potential for lending. Notably, measures for the insulation of multi-apartment buildings, green lending, as well as financing of private and public partnership projects. According to the industry, 3.3 billion euros are available for lending in these directions in 2023. Read more (LAT) |
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FROM THE INSTITUTIONS
ECB: Trade diversion shaped by war, sanctions, and boycotts
Sanctions and voluntary boycotts have forced Russia to change its international trade since its invasion of Ukraine. The country has reoriented towards the east, away from Europe. This European Central Bank (ECB) Blog post sheds light on these shifts. Read more
ESAs: Amendments to extend and simplify sustainability disclosures
The three European Supervisory Authorities (ESAs) have published a Consultation Paper with amendments to the Delegated Regulation of the Sustainable Finance Disclosure Regulation (SFDR). The ESAs are proposing changes to the disclosure framework to address issues that have emerged since the introduction of SFDR. Read more
BIS: Banking starts with banks
Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision and Governor of the Bank of Spain discusses bank governance and the need for strong supervision in light of recent market stress. 'It is important to take a step back and ask what happened, why it happened, and what it means for banks, regulators, and supervisors,' he says in a speech published by the Bank for International Settlements (BIS). Read more |
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FROM THE EBF
EBF: European Credit Sector Associations call for removing payments from the scope of the Digital Identity Regulation
The European Credit Sector Associations commented on the European Commission’s proposal for a European Digital Identity (eIDAS 2.0) and called for removing from the scope of the Digital Identity Regulation the legal obligation to accept on a mandatory basis the use of the European Digital Identity Wallet for payments. Read more
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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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