FROM THE MEDIA

Reuters: Eurozone banks suffering from weakening credit quality

Banks in the eurozone are recording a drop in credit quality and this trend is likely to accelerate once government support measures are removed, Reuters reports. "The deterioration is most visible in sectors that were hit harder by the pandemic, such as services, while loan performance problems are less prevalent in manufacturing," European Central Bank Vice President Luis de Guindos said. Read more

Cointelegraph: Demand for digital euro not yet clear, says BBVA exec

“Considering all the innovation that is taking place in the payments market, it is not clear which customer demands a digital euro could fulfill that may not be fulfilled by other initiatives”, Pablo Urbiola of BBVA’s digital regulation team said. The Cointelegraph reports that these comments come shortly after the ECB declared that the digital euro may be crucial in combating “artificial currencies” in cross-border payments. Read more

EURACTIV: Portugal: Improve EU single market for post-pandemic recovery

Portuguese Economy Minister Pedro Siza Vieira has said that the EU's single market is still an "incomplete construction" with "barriers to be eliminated". The required steps ahead should be a foundation of the post-pandemic economic recovery as a better functioning of the single market will help to face the challenges of digital and green transformation, EURACTIV reports. Read more

MAIN EVENTS

FROM THE EBF MEMBERS

FROM THE INSTITUTIONS

ECB: Monetary-fiscal interactions on the way out of the crisis

A combination of fiscal and monetary support has lifted the economy out of the state of emergency, says European Central Bank (ECB) Executive Board member Fabio Panetta. Achieving price stability requires acknowledging that monetary and fiscal policies cannot ignore each other. Read more

European Council: Non-performing loans: provisional agreement on selling credit to third parties

EU ambassadors today confirmed a provisional agreement reached between the Council presidency and the Parliament on a new directive harmonizing rules for credit servicers and credit purchasers of non-performing loans issued by credit institutions. The aim of the new rules is to support the development of the secondary market for non-performing loans in the EU in order to allow banks to clean their balance sheets of ‘bad loans’ while ensuring that the sale does not affect the rights of borrowers. Read more

EBA: Consultation to review Guidelines on common procedures and methodologies for the supervisory review and evaluation process

The European Banking Authority (EBA) launched a public consultation on its revised Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) and supervisory stress testing. The comprehensive revisions aim at implementing the recent amendments to the Capital Requirements Directive (CRD V) and Capital Requirements Regulation (CRR II), as well as aligning with other regulatory developments and best supervisory practices. The consultation runs until 28 September 2021. Read more

ABOUT THE EUROPEAN BANKING FEDERATION
 

If you do not want to receive the EBF Morning Brief click here.

For questions or suggestions contact [email protected]


European Banking Federation