EBF MORNING BRIEF Thursday 4 May 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
Bloomberg: Europe’s banks drop in loan demand but upbeat on profit
Banks in Europe are facing flagging demand for loans amid rising borrowing costs and industry turmoil, but they remain optimistic about profitability from higher lending rates. According to Bloomberg, the overwhelming majority of banks said that the rising rates will continue to improve their profitability. Read more
POLITICO: ECB may take smaller step, but won’t signal end of journey
The European Central Bank (ECB) is expected to take its foot off the rate-tightening pedal by opting for a smaller rate hike of 0.25 percent while indicating that further rates are still to come. A rate hike on Thursday would mark the seventh consecutive hike for the ECB, POLITICO reports. Read more
PYMNTS: Europe’s banks must drive FinTech partnerships
Online business-to-business marketplaces are growing in popularity, helping to accelerate digital payment innovation. This creates a ripe opportunity for financial institutions to unlock huge gains in the fast-growing space by helping corporate clients manage payments with greater insight and efficiency, says Alexandre Maymat, Head of global transaction and payment services at Société Générale, as reported by PYMNTS. Read more |
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MAIN EVENTS
Thursday 4 May Friday 5 May For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS
SBA: Roman Studer becomes CEO of the SBA
The Board of Directors of the Swiss Bankers Association (SBA) has unanimously elected Roman Studer as CEO. Roman Studer knows the financial sector in depth and has many years of experience as an executive and responsible courses in the areas of economic policy and financial markets. Read more (FR)
BPFI: Students win top spot to represent Ireland at EMQ
Banking & Payments Federation Ireland (BPFI) announces that David Rath and Alex Jacewicz will represent Ireland in the finals of the European Money Quiz (EMQ), Europe’s largest financial education competition by the European Banking Federation (EBF). Read more
ABBL: Responsibility Report 2022
The Luxembourg Banker's Association (ABBL) published the 2022 Responsibility Report. The report provides an overview of ABBL's achievements and priorities and showcases its CSR efforts and their impacts on society, the economy, and the environment. Read more |
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FROM THE INSTITUTIONS
EC: Anti-corruption: Stronger rules to fight corruption in the EU
The European Commission (EC) presented an anti-corruption proposal; this is a milestone in the fight against corruption at the EU level. The set of measures includes strengthened rules criminalizing corruption offenses and harmonizing penalties across the EU. Read more
BIS: Monetary and fiscal dimensions of responding to global shocks
Rannveig Sigurðardóttir, Deputy Governor for Monetary Policy of the Central Bank of Iceland discussed the role and interaction of monetary and fiscal policy in a speech published by the Bank for International Settlements (BIS). Read more
European Council: Empowering consumers for the green transition
The Council has adopted its position on the proposed directive to empower consumers for the green transition, which aims at enhancing consumers´ rights by amending the unfair commercial practices directive (UCPD) and the consumer rights directive (CRD). Read more |
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FROM THE EBF
EBF Position Paper on the Listing Act Proposal
The EBF fully supports the CMU objective of increasing participation by European companies to Capital Markets and welcomes the proposal to simplify the EU listing regulatory framework to facilitate access to funding in public markets. Read more
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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This newsletter is published by the EBF Mediacentre.
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