EBF MORNING BRIEF Tuesday 21 March 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!
|
|
|
LAST CHANCE TO REGISTER The launch event of
the European Money Week 2023
Amid the darkening economic outlook, ensuring individuals have the money management skills to understand what’s happening to them and around them remains a priority.
To put these skills in the spotlight, the European Banking Federation (EBF) has dedicated this year’s European Money Week, aligned with OECD-INFE Global Money Week, to the theme of ‘Financial skills: Lighting the path to a sound financial future’.
Today, do not miss the launch event of
the 2023 European Money Week! |
|
FROM THE MEDIA Reuters: ECB Stournaras: Chance of contagion to EU banks 'very small' The European banking system is well-equipped with capital and the probability of contagion due is "very small", according to European Central Bank (ECB)'s policymaker Yannis Stournaras. As reported by Reuters, Stournaras added that Europe has all the instruments ready, if needed, to intervene. Read more
BBC: UK banking system 'safe' after Credit Suisse rescue
The UK's central bank said banks are "safe" after regulators agreed to a rescue deal for Credit Suisse aimed at preventing fears over banks spreading. The bank was bought by UBS in a Swiss government-backed deal after regulators worked round the clock to secure a deal, the BBC reports. Read more
Bloomberg: ECB Villeroy says rate hike shows confidence in EU banks
The European Central Bank (ECB)’s decision to move ahead with a 50 basis-point increase in interest rates in a context of market instability shows the institution is confident in the region’s banks, Governing Council member Francois Villeroy de Galhau said. France’s banks have diversified, profitable business models and large liquidity and capital reserves, and do not suffer from the same issues of mid-sized US banks or “problem bank” Credit Suisse, he added as heard by Bloomberg. Read more |
|
MAIN EVENTS
For a full-year overview of key financial regulation events: click here
|
|
FROM EBF MEMBERS
FBF: Study on the financial and budgetary education of children
As part of European Money Week, the French Banking Federation (FBF) unveils the results of its study on financial and budget education among children aged 8 to 14 years. The publication highlights the evolution of practices and behaviors of children in relation to money, particularly in the current economic context. Read more (FR)
LBA: Financial literacy is more important than ever
This year, European Money Week will combine financial literacy with numerous pan-European and country-specific initiatives to raise awareness of the importance of sound financial literacy for young and old alike. Two events are at the heart of this year's measures taken by the Liechtenstein Bankers Association (LBA) to promote financial literacy. Read more (DE)
NVB: Vision of banks in making society more sustainable
Dutch banks can and want to be forerunners in making society more sustainable, writes the Dutch Banking Association (NVB). This is done, among other things, through the Climate Commitment, which was signed together with other financial institutions. In recent years, all banks have made plans and taken action. Read more (NL) |
|
FROM THE INSTITUTIONS
ECB: Hearing at the European Parliament
European Central Bank (ECB) President Christine Lagarde spoke before the Committee on Economic and Monetary Affairs and answered questions from its members. In her remarks, she discussed current market developments, outlined the ECB assessment of the euro area economy, and explained the latest monetary policy decisions. Read more
SRB, EBA, and ECB Banking Supervision statement on the announcement on 19 March 2023 by Swiss authorities
The Single Resolution Board (SRB), the European Banking Authority (EBA), and European Central Bank (ECB) Banking Supervision welcome the comprehensive set of actions taken by the Swiss authorities to ensure financial stability. Read more
ESMA: Concerns with the proposed changes to the insider list regime
The European Securities and Markets Authority (ESMA) has sent a letter to the European Parliament and Council raising concerns with proposed changes to the insider list regime in the Markets Abuse Regulation. 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
|
|
|
|
