EBF MORNING BRIEF Tuesday 15 December 2020 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: Europe's banks have a way to go on sustainability A study by BlackRock shows Europe’s banks are not integrating climate change and other sustainability concerns into their risk management systems as quickly as regulators expect, Reuters reports. Read more
Euractiv: ‘Turning the tide’: Frankfurt attracts London banks
More than four years after the vote that took Britain out of the European Union, Frankfurt is emerging as the winner among EU financial capitals in attracting London’s much-coveted banking business, writes Euractiv. Read more Finextra: EBA strengthen legal aspects of deposit protection from AML The European Banking Authority (EBA) published an Opinion on how to strengthen the connection between the EU legal frameworks on anti-money laundering and terrorist financing, and deposit protection, reports Finextra. Read more |
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MAIN EVENTS today CEPS Virtual conference: The future of the EU-UK relationship FT webinar: Brexit Briefing: Deal or No Deal? Understanding the Essentials EFRAG General Assembly meeting FSB Virtual Workshop on the implications of climate change for financial stability EBF Financial Education Project Group virtual meeting EBF Payment Systems Committee virtual meeting For more events check the EBF planning calendar HERE
*All events take place in Brussels unless stated otherwise
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FROM THE EBF MEMBERS SwissBanking: State-recognized electronic identity (e-ID) It is difficult to build trust online. The Swiss Bankers Association (SwissBanking) presents the optimal solution: the state-recognized electronic identity (e-ID). Read more (DE)
Finance Denmark: Positive return for Danish investment funds
The favourable development in the investment markets in the second half of 2020 has made up for the losses from the first half of the year, and Danish retail funds are now giving an overall positive return. The rate at which markets have gone from minus to plus is impressive, reports Finance Denmark. Read more (DK)
Finance Finland: Risk reduction before additional risk sharing
Finance Finland analyses why the Finnish financial sector has appealed to the Finnish Government that Finland should call a halt to added risk-sharing and tighter capital requirements for banks in EU policy-making. Read more
FBF: Territorial proximity in the context of digital development
Territorial proximity allows banks to maintain a close relationship with their customers and to maintain banking services accessible throughout France, in the context of digital development, says the French Banking Federation (FBF). Read more (FR) |
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FROM THE INSTITUTIONS
European Commission published interim ESG study
The Commission has published an interim study prepared by BlackRock on the development of tools and mechanisms for the integration of environmental, social and governance (ESG) factors into the EU banking prudential framework and into banks' business strategies and investment policies. Read more EBA Opinion on the interplay between the AMLD and the DGSD The European Banking Authority (EBA) published an opinion on how to strengthen the connection between the EU legal frameworks on anti-money laundering and terrorist financing, and deposit protection. The proposals set out in the Opinion are addressed to the European Commission and aim at informing its ongoing reviews of the Anti-Money Laundering Directive (AMLD) and the Deposit Protection Schemes Directive (DGSD). Read more
ESMA's chair spoke at the third roundtable on euro risk-free rates
The focus of the event was the fallbacks for EURIBOR, where working group on euro risk-free rates members will guide the audience through the recently launched public consultations on EURIBOR fallback trigger events and €STR-based EURIBOR fallback rates. Read more SRB: The common backstop – a welcome step forward The Eurogroup’s agreement to introduce the common backstop to the Single Resolution Fund (SRF) early is something we very much welcome at the SRB. This is an important step towards completing the Banking Union, and will enhance confidence in the bank resolution framework. Read more |
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FROM THE EUROPEAN BANKING FEDERATION
EBF Cloud Banking Forum: LinkedIn articles
Between October and December 2020, members of the EBF Cloud Banking Forum wrote LinkedIn articles to raise awareness on three technical papers published by the Forum, delivering technical guidance for the adoption and usage of cloud computing under the regulatory framework in Europe. Read more |
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The European Banking Federation and fTLD Registry Services (fTLD) are partnering to educate the European banking sector about the cybersecurity role .BANK plays in protecting banks against Business Email Compromise (BEC) scams, phishing and spoofing attacks that lead to breaches, identity theft and financial fraud. fTLD administers the .BANK domain and the EBF has served on its Advisory Council since 2013. To learn more about the security benefits of .BANK, visit https://www.register.bank/ebf/ or contact fTLD at [email protected]. |
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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. The EBF 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. |
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