| EBF MORNING BRIEF Thursday 14 January 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
Finextra: ECB receives record response to consultation on digital euro The European Central Bank has received a record of over 8000 responses to its consultation on the creation of a digital euro, an electronic form of central bank money accessible to all citizens and firms, Finextra reports. Read more Reuters: Britain faces choice over post-Brexit rule-setting freedom, BoE candidate says Exploiting Britain’s freedom to set its own rules could constrain access to the European Union’s financial market, said a candidate for the Bank of England’s supervisory arm. Read more Bloomberg: Banks warn of market chaos if court abolishes Libor Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of borrowers filed suit claiming the benchmark was the work of a “price-fixing cartel,” Bloomberg reports. Read more |
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MAIN EVENTS today -
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EBF Primary and Market Financing Working Group meeting -
EBF Digital Transformation Working Group meeting -
EBF Taxonomy Working Group meeting
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FROM THE EBF MEMBERS
Finance Finland: From the crisis emerged better cooperation Tuuli Kousa, Group Chief Communications Officer at OP Financial Group, reflects on how we can make the best use of the lessons learned from the crisis caused by the global pandemic. This column is part of a series where Finance Finland's member companies talk about responsibility in the financial sector. Read more
Finance Norge: Necessary assets made available for landslide victims Finance Norge reports that landslide victims in Gjerdrum receive help in retrieving first necessity personal belongings. The insurance companies' residual value rescue service (RVR), administered by Finans Norge, organizes and finances the work. Read more (NO) UK Finance: Building and maintaining culture in the ‘new normal’ Daisy Johnson, Operational Resilience Analyst at UK Finance, discusses how building and maintaining culture in the ‘new normal’ is a key priority for firms. Read more |
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FROM THE INSTITUTIONS EBA points to a further rise in capital and leverage ratios The European Banking Authority (EBA) has published its quarterly Risk Dashboard together with the results of the Risk Assessment Questionnaire (RAQ). The Q3data shows a rise in capital ratios, and an improvement in the NPL ratio, while the return on equity (RoE) remained significantly below banks’ cost of equity. The Risk Dashboard includes, for the first time, data on moratoria and public guarantee schemes. Read more Lagarde defends ECB economic outlook even as banks cut forecasts The European Central Bank’s latest projections for economic growth in the euro area are still “very clearly plausible” despite the resurgent coronavirus and renewed lockdowns, President Christine Lagarde said. Read more ESAS’ BoA decides in ESMA’S favour in the appeal by Scope Ratings The Joint Board of Appeal (BoA) of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) decided in ESMA’s favour in the appeal put forward by Scope Ratings GmbH (Scope) against ESMA’s decision from May 2020. Read more |
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FROM THE EBF Digital euro: EBF presents its views to ECB The European Banking Federation has submitted its views on the introduction of a digital euro as a central bank digital currency to the European Central Bank, which closed its public consultation on this topic last night. Click here to read the EBF submission. |
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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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