FROM THE MEDIA

FT: Britain and EU close to agreeing forum for financial services

The FT has reported that the EU-UK are to establish a forum for co-operation in financial services. The MoU between both parties is close to completion. Commissioner McGuinness has said that she is hopeful there will be an ‘imminent’ agreement. However, it is likely major barriers for the City of London will still exist. Indeed, on equivalence McGuinness stated that “We will not be recreating the conditions of the single market…”. Read more (€) Daily Telegraph Bloomberg

Bloomberg: European banks urged to recognize loan losses following Covid

The EU's top banking regulator urged lenders to promptly write off loans that are failing in the aftermath of the pandemic, warning that without action “zombie” firms could damage the economic recovery, writes Bloomberg. Read more 

WSJ: ESG disclosure rules from Europe challenge U.S. fund managers

Scores of U.S. fund managers are being forced to comply with sweeping new European rules on climate and other sustainable-finance issues, requiring them to disclose the potential harm their investments could do to the environment and society. One concern of some fund managers is that the rules may have gotten ahead of reality. Many funds will be required to disclose information on companies, including data that the companies may not disclose themselves, WSJ reports. Read more (€)

HAPPENING TODAY! LAST CHANCE TO REGISTER
 

DAY 1: Financial security at an older age: What do we need to prepare for?

Tuesday 23 March, 16:00 CET

Do not miss DAY 2  DAY 3 events!

MAIN EVENTS today

• EBF ‘Financial security at an older age: What do we need to prepare for?’ event

• European Parliament Committee on Economic and Monetary Affairs meeting

• European Securities and Markets Authority anniversary conference on inspiring confidence in Europe’s financial markets

• Informal video conference of European affairs ministers meeting

• Bundesbank ‘Payment and securities settlement systems’ course

• European Environmental Bureau ‘How green are the national recovery plans?’ webinar

• European Parliament Committee on Women’s Rights and Gender Equality meeting

• EU-UK Forum ‘The Reality of Brexit: Public attitudes and expectations of what comes next’ event

• UK in a Changing Europe seminar series on the Brexit Withdrawal Agreement and the EU-U.K. Trade and Cooperation Agreement

• EUREX: Frankfurt Derivatives Forum

• European Parliament Special Committee on Artificial Intelligence in a Digital Age meeting

• QED conference on the AIFMD review

• European Internet Forum annual general assembly

• EBF/BCESA virtual meeting

FROM THE EBF MEMBERS

AEB: Spanish banks lose 6,955 million in 2020 because of health crisis

Spanish banks recorded losses of 6,955 million euros in 2020 after strengthening their balance sheet with extraordinary provisions and write-offs of 12 billion euros to address the economic effects of the health crisis caused by the coronavirus. Read more (ES)
 

HUB: Banks and ministries work together in Croatia to teach about money

The Croatian Banking Association (HUB), together with an Operational Working Group composed of public and private stakeholders, is actively participating in the celebration of Global and European Money Week with activities such as classroom instruction, seminars, conferences, the European Money Quiz and more. Read more (HR)

FBF: Research on youth financial and budgetary education

The French Banking Federation (FBF) is unveiling the results of its third study conducted with Harris Interactive on financial and budgetary education, among 8 to 14 year-olds. This week also marks the launch of the sixth edition of the flagship programme "I invite 1 banker into my class" throughout France. Read more (FR)

FROM THE INSTITUTIONS

ECB: One year of the PEPP: many achievements but no room for complacency

One year ago, we launched our pandemic emergency purchase programme (PEPP). Since then, the PEPP has provided crucial support to euro area citizens in difficult times. It stabilised financial markets by preventing the market turbulence in the spring of last year from morphing into a full-blown financial meltdown with devastating consequences for the people of Europe, ECB's Christine Lagarde says in her latest blog post. Read more

EBA takes steps to address ‘de-risking’ practices

EBA published this month three regulatory instruments to address de-risking practices based on evidence gathered in its call for input. The instruments clarify that compliance with anti-money and countering terrorist financing (AML/CTF) obligations in EU law does not require financial institutions to refuse, or terminate, business relationships with entire categories of customers that they consider presenting a higher ML/TF risk. Read more

ESMA: Appointment of Steven Maijoor to the Governing Board of the Dutch Central Bank

ESMA has been informed that Steven Maijoor, whose term as Chair of ESMA ends on 31 March, will join the Governing Board of De Nederlandsche Bank (DNB) on 1 April 2021. Read more

FROM THE EUROPEAN BANKING FEDERATION

European Banking Federation is hiring!

The European Banking Federation is looking for various positions to join its team. Have a look at the vacancy page and find out more.

ABOUT THE EUROPEAN BANKING FEDERATION
 

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