EBF MORNING BRIEF Tuesday 16 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: ECB needs help of other actors in inflation fight The European Central Bank (ECB) will need help from governments and companies in stamping out the worst bout of inflation in the euro era, Governing Council member Joachim Nagel said. Officials are also looking at corporate profits and wages as factors that are threatening to keep consumer-price gains elevated, Bloomberg reports. Read more
S&P Global Market Intelligence: Bank M&A in central, southeast Europe set to pick up in the next few years
Consolidation among central and southeast Europe's banks is likely in the medium term, as smaller lenders evaluate their options. Analysts point to tighter capital requirements, digitalization, and an expected economic slowdown as factors that will drive more mergers over the coming years, S&P Global Market Intelligence data shows. Read more
FT: EU under pressure to extend access to London clearing houses
According to the Financial Times (FT), the EU is coming under pressure to radically rethink its plans for wresting euro-denominated clearing from the City of London. The European Banking Federation (EBF) has circulated a position paper warning that the current plans “may lead to unforeseen and extensively adverse effects on the competitiveness, resilience, and attractiveness of European financial markets and their financial institutions”. Read more |
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
BdB: Winners of the Schulbanker Final 2023
After the final round, the winners of the Schulbanker banking simulation have been announced. As reported by the Association of German Banks (BdB), the three winning teams will receive cash prizes of 4,000, 3,000, and 2,000 euros for their schools and an additional 500, 400, and 300 euros for the teams. Read more (DE)
FBF: Latest figures on personal loans
In total, loans to individuals reached 1,516 billion euros at the end of March 2023. The French fixed-rate mortgage loan model protects borrowers against rising rates, writes the French Banking Federation (FBF). Read more (FR)
Finance Denmark: Danes' interest in home buying halves in a year
In April, half as many loan offers for home purchases were given as at the same time last year. Thus, interest in home purchases remains at a low level compared to recent years. This is shown by the latest figures from Finance Denmark. Read more (DK) |
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FROM THE INSTITUTIONS
ECB: We need a European deposit guarantee scheme
We must complete the banking union by equipping ourselves with the European deposit guarantee scheme, European Central Bank (ECB) Vice-President Luis de Guindos says. Lacking such a scheme is the main vulnerability of Europe’s banking system. Read more
EBA: ESAs draw consumers’ attention to how rises in inflation and interest rates might affect their finances
The European Supervisory Authorities (ESAs) published an interactive factsheet to help consumers understand how the recent increases in inflation and interest rates can affect their money. This includes the financial products and services that consumers hold or plan to buy, such as loans, savings, financial investments, insurance, and pensions. Read more
EIOPA: Macro and market risks as top concern for insurers
The European Insurance and Occupational Pensions Authority (EIOPA) published its Risk Dashboard based on Q4 2022 Solvency II data. The analysis shows that insurers’ exposures to macro and market risks are currently the main concern for the insurance sector, while all other risk categories are at medium levels. Read more |
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FROM THE EBF
EBF Analysis: Derivatives Clearing – Review of the European Market Infrastructure Regulation and accompanying changes to other Regulation and Directives (EMIR/CRR/MMFR and UCITD/CRD/IFD)
The European Banking Federation (EBF) welcomes the legislative package set forth in the communication by the European Commission “A path towards a stronger EU clearing system’’ of December 7th, 2022 to support the development of a better integrated and more attractive clearing landscape in the EU. 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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