EBF MORNING BRIEF Tuesday 23 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: EU lenders would need Central Bank aid in crisis, SRB says The failure of Credit Suisse shows that Europeâs top lenders would still need liquidity assistance from central banks if they were to collapse, according to a presentation by Single Resolution Board (SRB) officials obtained by Bloomberg. While there was limited impact on European banks, this should not be a reason for complacency. Read more
Reuters: ECB rates to peak by summer
European Central Bank (ECB) interest rate hikes are likely to peak out by the end of summer, but the more important issue is how long rates stay elevated than the exact level, ECB policymaker Francois Villeroy de Galhau said. "I expect that we will be at the terminal rate not later than by summer," Villeroy told an event attended by Reuters. Read more
CoinDesk: UK will need new laws to accommodate future Digital Pound
Should the UK decide to issue a CBDC, existing data protection, security, and anti-money laundering rules would need amending, said Louise Abbott, partner at Keystone Law says in an article published by CoinDesk. Read more |
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LAST WEEK TO REGISTER International Banking Summit 2023
1 JUNE 2023
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Building on the success of the European Banking Summit, the European Banking Federation (EBF) has joined forces with the International Banking Federation (IBFed) for a special edition of our annual flagship event dedicated to international and European banking policy. The International Banking Summit 2023 will take place in Brussels and bring together a combined in-person and online audience of more than 450 policymakers, experts, representatives from banks and international financial institutions. The event will explore the latest developments in global financial services, and dive into the opportunities and challenges presented by digital banking and sustainable transition. |
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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
ABI: Award to ABI President Antonio Patuelli
BancaFinanza awarded Antonio Patuelli, President of the Italian Banking Association (ABI) for his professional and human qualities and for his contribution to the country's economic development. Read more (IT)
Finance Norway: Risk Assessment 2023
As reported by Finance Norway, Finanstilsynet has published its assessment of the risk that reporting entities are misused for money laundering. Supervisory experience and data on the individual sectors are also included in the Risk Assessment. Read more (NO)
Finance Latvia: Smart-ID obtained local status for authentication
The developer of Smart-ID, SK ID Solutions, concluded the procedure to obtain the status of a local qualified means of identification for authentication, Finance Latvia reports. Thus, in addition to compliance with the international eIDAS regulation of trust services of the EU, Smart-ID is also recognized in Latvia. Read more (LAT) |
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FROM THE INSTITUTIONS
EBA: Revised templates for reporting of deposits subject to Russian and Belarusian economic sanctions
The European Banking Authority (EBA) has updated templates to be used for the second annual reporting of information on deposits subject to the Russia and the Belarus Economic Sanctions Regulations. Read more
European Council: Capital markets union: Council agrees its position on the instant payments proposal
The Council agreed its position on the instant payments proposal which aims to improve the availability of instant payment options to everyone who owns a bank account in the EU and in EEA countries. In addition, the new rules will improve the strategic autonomy of the European economic and financial sector as they will help to reduce any excessive reliance on third-country financial institutions and infrastructures. Read more ECB: Key elements of effective management Banks need diversity in their boardrooms, European Central Bank (ECB) Supervisory Board member Anneli Tuominen says. Complementary skills, specialist knowledge, quality debates, and the best possible data are crucial for effective management. Read more |
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FROM THE EBF
EBF: European Money Quiz back in Brussels to boost financial literacy
For the first time since 2020, students from 28 European countries joined us in Brussels for the finals of the European Money Quiz, the annual international financial literacy competition hosted by the European Banking Federation (EBF). More than 37,504 teenagers across Europe played the quiz with finalists from Greece, Poland, and Portugal taking the 2023 podium. 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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