EBF MORNING BRIEF Tuesday 10 October 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA
Bloomberg: EBA moves ahead with new ESG rule feared across Europe
European Banking Authority (EBA) Chairman Jose Manuel Campa commented on the green asset ratio (GAR), with mandatory disclosure set to kick in from January. As reported by Bloomberg, Campa acknowledged that the first impression bank stakeholders will get of the green asset ratios they see will be “incomplete.” Read more
Reuters: De Guindos sees inflation slowing down, but urges caution
Headline and core inflation are expected to continue their downward trend in the next months, the European Central Bank (ECB)'s Vice-President Luis de Guindos said. However, according to Reuters, he urged caution due to uncertainty in oil prices. Read more
CoinDesk: Italy’s Cipollone defends digital euro as he seeks ECB role
Piero Cipollone defended plans for a digital euro during a hearing, CoinDesk reports. A digital euro would “reinforce the ability to pay with public money throughout Europe with a technology and infrastructure that is based in Europe,” Cipollone said, promising offline functionality, accessibility, and “excellent solutions” to protect privacy. Read more |
|
FROM EBF MEMBERS
BdB: Sustainable Investments: Germans' knowledge and commitment
Interest in finance and investments remains a key issue for people, even or especially in times of higher inflation and smaller portfolios. However, as shown by the online survey by the German Banking Association (BdB), the percentage of Germans investing sustainably is no longer growing for the first time in years. Read more (DE)
AEB: The relation between financial education and digitalization
'Digitalization and financial education have a bidirectional relationship. Financial education equips people with the knowledge and skills necessary to make informed decisions about their money, while digital transformation makes financial education more accessible, personalized, and engaging,' Juan Carlos Delrieu, director of Sustainability and Social Responsibility of the Spanish Banking Association (AEB) says. Read more (ES)
UK Finance: Stablecoins, the first phase of the UK's crypto regulation
With stablecoins making up only 11% of the crypto market cap, one might wonder why the UK is pressing ahead with implementing a regime for stablecoins rather than for Bitcoin or the rest of the unbacked crypto ecosystem. UK Finance discusses this in a blog. Read more |
|
FROM THE INSTITUTIONS
ECB: Our most efficient tool for reducing inflation
'Our mandate is price stability', European Central Bank (ECB) President Christine Lagarde says in an interview. In her intervention, she stressed how price stability is the ECB's key 'compass' and interest rates are our tool. Read more
SRB: PIA: From resolution planning to resolution action
Pedro Machado, a Board Member of the Single Resolution Board (SRB), presented on Public Interest Assessment (PIA) while also discussing the CMDI review. Read more
BIS: The cumulant risk premium
In this article, the Bank for International Settlements (BIS) proposes a new methodology to measure the risk premium of higher-order cumulants based on leveraged Exchanged Traded Funds (ETF). Findings show that the risk premium reflects the difference between physical and risk-neutral cumulants, which is called the cumulative risk premium (CRP). Read more |
|
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 |
|
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 v[email protected]
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
|
|
|
|
