EBF MORNING BRIEF Tuesday 25 April 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
Reuters: Climate change fight a 'core duty' for central banks
As reported by Reuters, France's central bank governor François Villeroy de Galhau has pushed back against criticism of central banks' increasing involvement in the fight against climate change, calling the issue a "must-have" focus. Read more
Bloomberg: Bankers slam excessive ESG bill that ratchets up legal risks
The Corporate Sustainability Due Diligence Directive (CSDDD) just cleared a hurdle in EU Parliament but the finance industry is preparing to fight the passage of an ESG bill, according to Bloomberg. The current wording of CSDDD “doesn’t adequately consider the challenges that banks will face in implementing the requirements in practice,” Oliver Moullin, sustainable finance general counsel at the AFME said. Read more
Finextra: Financial watchdog puts banks on alert over money laundering via the Post Office
The UK's Financial Conduct Authority (FCA) has outlined measures to reduce the risk of money laundering via the Post Office, Finextra reports. The FCA will also expect banks to improve their monitoring capabilities for suspicious transactions conducted over the Post Office network and reduce the time taken to report anomalous activities. Read more |
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MAIN EVENTS Council Working party on Tax Questions (High Level) For a full-year overview of key financial regulation events: click here |
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This year, we have joined forces with the International Banking Federation (IBFed) for a special edition of our flagship event dedicated to international and European banking policy. Bringing together more than 450 policymakers, experts, representatives from banks, and international financial institutions, we will explore how banks can tackle the opportunities and challenges presented by a deglobalizing world, with a focus on global competition, digital banking, and sustainable transition. JOIN US IN BRUSSELS OR ONLINE! |
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FROM EBF MEMBERS
AEB: Let's talk financing With a credit balance of 1.7 trillion euros, Spanish banks reach a record high. As reported by the Spanish Banking Association (AEB) , they are key to boosting economic growth and prosperity in those countries where they carry out their activity and where bank financing predominates among families and companies. Read more (ES)
Finance Denmark: High consumer prices make young people consider moving home with their parents
The increases in consumer prices are making it difficult for young people with many of them considering moving back in with their parents. This is shown by a study from Finance Denmark. Read more (DK)
UK Finance: New Europe-wide legislation strengthens the legal basis for collaborative crime-fighting
The course of global events over the past years has altered existing criminal trends. Combined with technological advances, it has paved the way for more sophisticated fraud and scams, UK Finance reports. Meanwhile, European legislative and regulatory developments are underway to provide clear direction in information sharing with respect to confidentiality and data protection laws. Read more |
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FROM THE INSTITUTIONS
ECB: Digital euro: widely available and easy to use
Making a digital euro both available to everyone and easy to use requires a good design and an adequate regulatory framework, says European Central Bank (ECB) Executive Board member Fabio Panetta before the European Parliament. The success of a digital euro will be in the hands of European legislators. Read more
EBA: Fraud in retail payments and over-indebtedness as key issues affecting consumers
The European Banking Authority (EBA) published its Consumer Trends Report for 2022/23, which summarises trends observed for the products and services under the EBA’s consumer protection mandate. The Report has also identified two issues facing consumers in the EU: fraud in retail payments and over-indebtedness and arrears. Read more
EIOPA: Call for increased uptake of climate catastrophe insurance
The European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) published a joint discussion paper on how to better insure households and businesses in the EU against climate-related natural catastrophes such as floods or wildfires. Read more |
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FROM THE EBF
EBF: Energy Performance of Buildings Directive (EPBD) joint position
The banking industry recognized the strategic importance of the EPBD and supports the overall ambition of reducing energy poverty, decreasing the EU’s dependence on fossil fuels, and helping meet the EU’s climate targets and zero-emission building stock by 2050. Banks are fully committed to channeling private finance to support these objectives, tailoring new financing products to the specific needs of their borrowers. 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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