FROM THE MEDIA

Reuters: ECB pledges new crisis tool to help indebted southern states

The European Central Bank (ECB) promised fresh support to temper a market rout that has fanned fears of a new debt crisis on the euro area's southern rim but disappointed investors looking for bolder steps, Reuters reports. "The Governing Council decided to mandate the relevant Eurosystem Committees together with the ECB services to accelerate the completion of the design of a new anti-fragmentation instrument for consideration by the Governing Council," the ECB said after an extraordinary meeting. Read more

FT: Banking regulator urges closer links between pay and climate risks

Banks should review their pay and bonus structures to make sure they are consistent with long-term goals on tackling climate change, the Basel Committee on Banking Supervision said, opening a new front in the battle to mobilize finance against environmental threats. According to the Financial Times (FT), new clauses to the global framework say banks’ boards and senior managers should “consider” whether including climate risks in their business plans “may warrant changes to its compensation policies”. Read more

S&P Global Market Intelligence: Capital requirements to fall for big EU banks due to market integration

Capital requirements for EU-based global systemically important banks will fall as international regulators recognize the progress made in integrating the European banking market. As reported by S&P Global Market Intelligence, the Basel Committee on Banking Supervision said it will adjust the requirements for EU-headquartered credit institutions to reflect the further development of the European banking union project. Read more

MAIN EVENTS

• Eurogroup

• European Parliament Subcommittee on Tax Matters

• ALFI European Risk Management Conference

• Better Finance ‘A new era of investor protection, sustainability and pension reform’ conference

• EDPS ‘The Future of Data Protection: Effective Enforcement in the Digital World’ conference

• FT 'The future of Finance' event

• FT 'Improving the accuracy of ESG reporting' event

For a full-year overview of key financial regulation events: click here

REPORT OUT

The big picture: How CSOs can drive the banking sector's sustainability

FROM THE EBF MEMBERS

SBA: Banks are preparing for the new banking apprenticeship

The reformed commercial banking apprenticeship will be introduced in summer 2023. The new training focuses on skills and sustainability aspects and thus optimally prepares future business people for the working world of tomorrow. The Swiss Bankers Association (SBA) has played a key role in the further development of basic commercial training and welcomes the reform. Read more (DE)

Finance Denmark: Great focus on the green transition

In just a few years, the financial sector has become a key player in the green transition. It is a unique position. And a position that commits, writes Finance Denmark. Competence development is crucial because the financial employees are absolutely central to the green transition. Read more (DK)

UK Finance: Better data integration can facilitate a more equitable distribution of finance

"As we look to accelerate full-scale economic recovery after Covid-19, it is imperative that finance is channelled equally to all parts of the UK," Shuvo G.Roy, VP and Head of Banking Solutions (EMEA) at Mphasis writes in a blog for UK Finance. There are two challenges to overcome. Firstly, equity lending is largely concentrated around London and the south east. Secondly, the ability of organizations to streamline the lending process is hindered by data silos and inefficiencies. Read more

FROM THE INSTITUTIONS

EBA highlights main achievements in 2021 in its Annual Report

The European Banking Authority (EBA) published its Annual Report which describes in detail the activities and achievements of the Authority in 2021. The Authority underwent meaningful organizational changes to reflect the shifting priorities of its mandates and work program. In particular, the creation of new Units to reflect the growing importance of topics such as digital finance, environmental, social and governance (ESG), reporting and transparency, and anti-money laundering (AML). Read more

ESMA: Review of contribution to EU green and digital capital markets

The European Securities and Markets Authority (ESMA) has published its Annual Report reviewing its achievements in 2021 in fulfilling its mission of enhancing investor protection and promoting stable and orderly financial markets in the European Union (EU), and focusing on its role in the supervision of EU-wide entities and its contribution on sustainable and digital finance. Read more

EIOPA consults on the advice on the review of the securitisation prudential framework in Solvency II

The European Commission sent a Call for Advice (CfA) to the Joint Committee (JC) seeking its assistance to assess the recent performance of the rules on capital requirements and liquidity requirements relative to the framework’s original objective of contributing to the sound revival of the EU securitization market on a prudent basis. The European Insurance and Occupation Pensions Authority (EIOPA) has prepared a consultation paper in response to the CfA and would welcome comments on the policy options proposed. Read more

FROM THE EBF

EBF: Response to the Targeted Consultation on the functioning of the ESG ratings market in the EU and on the Consideration of ESG factors in credit ratings.

The European Banking Federation (EBF) has responded to the European Commission's Targeted Consultation on the functioning of the ESG ratings market in the European Union and on the Consideration of ESG factors in credit ratings. Read more

New EBF Vacancies! Work with us!

Visit our Vacancies page to learn more about the opening positions at the EBF. Read more

ABOUT THE EUROPEAN BANKING FEDERATION
 

If you do not want to receive the EBF Morning Brief click here.

For questions or suggestions contact [email protected] 


European Banking Federation