EBF MORNING BRIEF Thursday 18 February 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA
The Guardian: Finance ministers have to be green in today's world
“Finance ministers have not always been green,” said Ángel Gurría, the outgoing secretary general of the Organisation for Economic Co-operation and Development, reflecting on his 15 years in charge of the club of wealthier nations. “But today, if you are not green, it probably means you died and no one told you”, The Guardian reports. Read more Reuters: Central bank digi cash spooking shadow economy to crypto If central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep deeper into the darkness. A big issue for governments and central banks then is the extent to which it’s already going there - or whether the latest explosion in cryptocurrency values, for example, is at least partly pricing its imminent arrival, Reuters reports. Read more
S&P Global: Bond-buying program must account for climate risk
The European Central Bank should limit its climate risk exposure by buying debt issues from corporates aligned with the Paris Agreement on climate change, France central bank governor and ECB Executive Board Member François Villeroy de Galhau said Feb. 11, S&P Global Market Intelligence reports. Read more |
|
MAIN EVENTS today EBF Extraordinary Board virtual meeting EBF Governance Task Force virtual meeting EBF International Affairs Steering Group virtual meeting EBF Cybersecurity Working Group virtual meeting EBF Brexit Task Force virtual meeting For a full-year overview of key financial regulation events: click here |
|
|
FROM THE EBF MEMBERS
NVB: Broad coalition lays down ambitious Housing Action Agenda The Dutch Banking Association (NVB), together with a coalition of 34 organisations, has laid down the ambitious Housing Action Agenda. This Agenda aims to tackle housing shortage and improve housing environment thanks to more new construction, affordable housing, livable neighborhoods and better care for residents. Read more (NL)
Finance Denmark: Most Danes not affected by negative interest rate
New figures from Finance Denmark show that five out of six Danes are not affected by negative interest rates for private customers, despite more and more Danish banks have introduced negative interest rates on private deposit accounts. Read more (DK) BdB: Andreas Krautscheid on sovereignty in payment transactions Andreas Krautscheid, Managing Director of the Association of German Banks (BdB), highlights the necessity to ensure effective competition on an equal footing, to achieve a safe European sovereignty in payment transactions. Read more (DE) |
|
FROM THE INSTITUTIONS
ECB publishes consolidated banking data for end-September 2020
ECB published consolidated banking data for end-September 2020. According to the report, the total assets of EU-headquartered credit institutions (excluding the United Kingdom) increased by 5.36%, from €28.2 trillion in September 2019 to €29.7 trillion in September 2020 and the EU non-performing loans ratio (excluding the United Kingdom) dropped by 0.16 percentage points year on year to 2.75% in September 2020. Read more EBA: Guidance to assess breaches of the large exposure limits EBA launched a consultation on the criteria that competent authorities should use to assess a breach of the large exposure limits. The consultation paper also details the criteria to determine the period of time and the measures for institutions to return to compliance with those limits. The consultation runs until 17 May 2021. Read more
ESMA: Risks to retail investors of social media-driven share trading
ESMA released a statement to highlight to retail investors the risks connected with trading decisions based exclusively on exchanges of views, informal recommendations and sharing of trading intentions through social networks and unregulated online platforms. The statement is issued as part of ESMA’s investor protection objective to safeguard retail investors, whose participation is key to the development of the Capital Markets Union. Read more |
|
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 |
|
|
This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact [email protected] Recommend the EBF newsletters to a colleague. Click here to sign up!
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
|
|
|
