EBF MORNING BRIEF Thursday 30 June 2022 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
Bloomberg: Lagarde says economic recovery 'very much underway'
The European Central Bank (ECB) President Christine Lagarde says the economic recovery is âvery much underway,â driven especially by services. When speaking to Bloomberg's Francine Lacqua during a panel at the ECB annual policy forum in Sintra, she also added that the "energy shock" has had a major impact. Read more
FT: Banks warn of fraud âepidemicâ as losses soar from authorised push payment scams
The UK is facing an âepidemic of fraudâ, driven by a surge of scams where victims are tricked into sending cash to fraudstersâ accounts, according to a report by UK Finance. As reported by the Financial Times (FT), UK Finance found a growing trend in scammers asking for upfront payments for fake loans, as well as for fees to access overseas lottery funds or items held at customs. Read more
PYMNTS.com: EU lawmakers rush to pass online platform bills
The European Parliament will hold the last plenary session before the summer recess from July 4 to July 7. As expected, the schedule is packed with proposals, from international cooperation agreements to banking unions and rules to combat fraud. But there are two long-awaited proposals that may be in the spotlight, PYMNTS.com reports. The Digital Markets Act (DMA) and the Digital Services Act (DSA) may receive formal approval by the plenary of the EU Parliament. Read more |
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MAIN EVENTS
Thursday 30 June
Friday 1 July Council Horizontal Working Party on Cyber Issues
For a full-year overview of key financial regulation events: click here
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FROM THE EBF MEMBERS
BdB: The German financial center needs modern capital market law
âGermany is facing a decade of investment. In order to meet this challenge, we need private capital and a strong financial market,â said Christian Ossig, chief executive of the Association of German Banks (BdB). "The European Capital Markets Union is and will remain decisive for a competitive financial market. Germany must lead the way here,â he adds. Read more (DE)
LBA: MONEYVAL gives Liechtenstein a very good certificate
MONEYVAL published its 5th country report on Liechtenstein and came to the conclusion that the country shows a high degree of effectiveness in identifying and combating money laundering and terrorism risks. Liechtenstein also performs very well in comparison to other countries, reports the Liechtenstein Bankers Association (LBA). Read more (DE)
NVB: Code of Conduct for Small Business Financing
Where are the opportunities for further developing the Code of Conduct for Small Business Financing (GKF) introduced in 2018? With the results of a thorough evaluation of SEO Economic Research (SEO) and the University of Amsterdam in hand, some stakeholders discussed this in a dialogue session of the Dutch Banking Association (NVB). Read more (NL) |
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FROM THE INSTITUTIONS
EIOPA: Ă
sa Larson re-elected member of EIOPAâs Management Board
The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) re-elected Ă
sa Larson, Executive Director of Insurance at the Swedish Financial Supervisory Authority, Finansinspektionen, as member of the EIOPAâs Management Board. Her term on the Management Board has been extended by two and a half years. Read more
European Council: Agreement on European Single Access Point (ESAP)
The Council agreed its position on three proposals creating the European Single Access Point (ESAP), which is the first action in the Capital Markets Union (CMU) Action Plan. This action aims at creating a single point of access to public financial and sustainability-related information about EU companies and EU investment products. Read more
BIS: Burkhard Balz: The landscape in 2030 - Central Bank Digital Currencies (CBDC) or private digital payment solutions?
Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank discussed central bank digital currency (CBDC) and the digital euro in a speech published by the Bank for International Settlements (BIS). "Regarding CBDC payment solutions, I think both parties should make the most of their capabilities: central banks offering resilient and secure infrastructures, and taking care of financial stability, efficiency and innovation; and private actors leveraging their experience of end-user-focused interfaces," he says. Read more |
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FROM THE EBF New EBF Vacancies! Work with us! 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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