EBF MORNING BRIEF Tuesday 11 October 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. Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA Bloomberg: Banks run by women lend less to big polluters Banks with more gender-diverse boards lend less to more environmentally harmful companies, according to a research by the European Central Bank (ECB). As reported by Bloomberg, results confirm “the beneficial effects of more gender-diverse decision-making groups on firms’ outcomes and, in a wider perspective, on the global economy”. Read more POLITICO: Interest rates may rise higher than markets expect The European Central Bank (ECB) will continue to raise interest rates so long as inflation remains above target and may lift rates more than markets currently expect, the Dutch central bank said. According to POLITICO, the risk of a market reckoning is significant as the eurozone continues to slide into recession. Read more Finextra: EU tenders for blockchain data and DeFi project The European Commission has put out a tender for a study on "embedded supervision of decentralised finance," Finextra reports. The study will entail a six month pilot project to develop, deploy and test a technological solution that would enable regulatory bodies to automatically monitor compliance by reading public blockchain data. Read more |
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MAIN EVENTS Accountancy Europe and the Association of Chartered Certified Accountants (ACCA) under the auspices of the Czech Presidency 'The impact of bribery and corruption on SMEs' webinar For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS NVB: Economic risks are increasing, banks are resilient Like all other parts of our economy, banks are also being tested by inflation and growth prospects. Banks in the Netherlands are in good shape and they remain well capitalized even in the face of economic downturns. This is clear from the Overview of Financial Stability (OFS), says the Dutch Banking Association (NVB). Read more (NL) BdB: The School Banker On November 14th, the interactive bank management game by the Association of German Banks (BdB) will start again. Students will have the opportunity to act as executive chair of a bank and make management decisions. To do this, they dive deep into accounting, learn about the effects of the economy and take on responsibility. Read more (DE) ABI: Digital euro: Banks actively engaged in the project The European Central Bank (ECB) is continuing its work ro define the characteristics to shape the digital euro. As reported by the Italian Banking Associations (ABI), banks in Italy are actively involved in the project, also with innovative services. For instance, they have been working on the programmability of payments, on which they have worked on an experimental basis. Read more (IT) |
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FROM THE INSTITUTIONS EBA: Banks exposed to downside risks as residential real estate markets get overheated The European Banking Authority (EBA) published a thematic note on EU banks’ residential real estate exposures. EU banks reported more than EUR 4.1 trillion of loans and advances collateralised by residential immovable property. This corresponds to 1/3 of all loans towards households and non-financial corporates. Read more ESMA: Strategic priorities for the next five years The European Securities and Markets Authority (ESMA) has published its Strategy for 2023-2028. In the Strategy, ESMA details its long-term priorities and how it will use its competences and toolbox to respond to future challenges and developments. Read more ECB: Gender diversity in bank boardrooms and green lending Do female directors on banks’ boards influence lending decisions toward less polluting firms? A paper by the European Central Bank (ECB) finds that indeed banks with more gender-diverse boards provide less credit to browner companies. In addition, the paper also show that female director-specific characteristics matter for lending behavior to polluting firms as better-educated directors grant lower credit volumes to more polluting firms. Read more |
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FROM THE EBF EBF: Workshop with BaFin As part of the banking industry’s involvement in the efforts towards reaching a European integrated reporting system, the European Banking Federation (EBF) and Germany’s Federal Financial Supervisory Authority (BaFin) hosted recently a workshop to delve into the findings from the feasibility study “Redesign for Regulatory Reporting” produced by BaFin together with Deutsche Bundesbank, Germany’s Federal Ministry of Finance and the German banking industry. 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. For questions or suggestions contact v[email protected] European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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