EBF MORNING BRIEF Thursday 6 July 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
Reuters: ECB's Nagel 'wary' of calling new era of high rates
European Central Bank (ECB) policymaker Joachim Nagel repeated his call for more monetary policy tightening but added he was "wary" of calling a new era of high interest rates as the outlook remained uncertain. "In this mixed situation, I will be wary of proclaiming a new era of high interest rates," he said as heard by Reuters. Read more
Finextra: Considerations for EU banks implementing instant payments
Christian Schwarz, European Head of Payments at Finastra shares five key considerations for banks adopting instant payments in a blog by Finextra. Consideration includes ensuring regulatory compliance, implementing common standards, prioritizing ease of integration, maximizing security, and being agile to adapt to future requirements. Read more
Bloomberg: The digital euro endures even as Crypto FOMO fades
The latest proposals by the European Commission on a digital euro goes in the right direction: They point to a form of digital cash that’s as narrow as possible, offering payments even without an internet connection and making it legal tender. But there is still no real answer to the privacy question, other than to trust that, according to an opinion piece by Lionel Laurent published by Bloomberg. Read more |
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MAIN EVENTS
Thursday 6 July
Friday 7 July
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FROM EBF MEMBERS
SBA: Dagmar Laub appointed Head of Communications & Public Affairs
The Board of Directors of the Swiss Bankers Association (SBA) has unanimously elected Dagmar Laub as the Association’s new Head of Communications & Public Affairs. She will take up her new role with effect from 1 October 2023. Read more
Finance Latvia: Viktor Toropov: Durability meter is already on
The European Green Deal means comprehensive and profound changes in all business sectors in the coming decades. All our decisions will be viewed through the prism of sustainability, writes Viktors Toropovs, Head of Sustainability Development at SEB bank in Latvia in a blog published by Finance Latvia. Read more (LAT)
ABI: Piero Barucci awarded emblem medal
The Executive Committee of the Italian Banking Association (ABI) awarded Professor Piero Barucci the ABI emblem medal. The recognition underlines his long activity as an authoritative economist and banker. Read more (IT) |
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FROM THE INSTITUTIONS
ECB: Why we need models to make projections
Central banks need to look ahead to make good decisions and economic models are the best tool available. They provide a test environment to craft and think through different scenarios. This European Central Bank (ECB) Blog post provides an overview of why, and how, we do this. Read more
EIOPA: Monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures – end-June 2023
The European Insurance and Occupational Pensions Authority (EIOPA) published technical information on the relevant risk-free interest rate term structures (RFR) with reference to the end of June 2023. Read more
EC: Rule of Law Report 2023
The European Commission (EC) has published its fourth annual Rule of Law Report, taking the pulse of the rule of law situation in each Member State. Figures show that 65% of 2022 recommendations have been, fully or partially, addressed. Read more |
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FROM THE EBF
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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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