EBF MORNING BRIEF Tuesday 31 January 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 FT: Spainâs biggest banks prepare to challenge windfall tax Spainâs biggest banks will challenge the countryâs controversial windfall tax after paying their first installment by February 20, according to people familiar with their plans heard by the Financial Times (FT). The Spanish Banking Association has argued that if banks are forced to pay âŹ3bn in taxes, it would reduce their lending capacity. Read more
Reuters: Barclays turns bullish on European banks
Barclays analysts upgraded Europe's banking sector, as it sees benefits of higher interest rates and healthy financials, but downgraded the utility sector. As reported by Reuters, analysts upgraded the banking sector to "overweight" from "market weight". Read more
Finextra: How the financial sector can get ahead of cyberattacks
A survey by the Bank of England found that 74% of financial sector respondents view cyberattacks as the highest risk to the sector, in both the short and long term. In an opinion published by Finextra, Jonathan Reiber, VP for Cybersecurity Strategy and Policy at AttackIQ calls for financial institutions to implement data-driven, evidence-based cybersecurity strategies to stay safe and be more accountable to their stakeholders. Read more |
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We are excited to announce that we are expanding our knowledge partnership with Deloitte!
Following a collaboration with Deloitte Luxembourg on the future of banking and sustainability, we are now joining forces with Deloitte Risk Advisoryâs pan-European coverage team focused on cyber resilience and digital assets.
First up is our joint EBF Digital Thursday
'The Advent of DORA: What changes will the next 24 months bring?' coming on 23rd February.
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MAIN EVENTS Council Working Party on Tax Questions (Indirect Taxation) Council Working Party on Tax Questions (High Level) For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS FBF: New website of the Banking Professions Observatory The new website of the Observatory of Banking Professions is a source of information for those who wish to learn more about the banking industry professions and current affairs in banking. A section is devoted to the complete panorama of the French banking system, the French Banking Federation (FBF) writes. Read more (FR)
Febelfin: Recommendations for the Belgian presidency in 2024
In the run-up to 2024, Febelfin will publish its recommendations for the Belgian presidency. With this document, the financial sector hopes to express its priorities and share its knowledge on specific technical dossiers. Read more (NL)
NVB: Implementing the Paris Agreement
In 2022, banks took a great step in the Financial Sector Climate Commitment by setting concrete goals and steps to reduce CO2 emissions in their portfolio. In an interview published by Dutch Banking Association (NVB), David Lewis, Sustainability manager at ING says that there are 'motivated colleagues everywhere.' Read more (NL) |
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FROM THE INSTITUTIONS
ECB: Number of counterfeit euro banknotes remains low in 2022
376,000 counterfeit euro banknotes were withdrawn from circulation in 2022. As reported by the European Central Bank (ECB), this is the second-lowest level ever in proportion to total banknotes in circulation. Read more
BIS: International Banking Statistics
The Bank for International Settlements (BIS) locational banking statistics found that cross-border bank credit rose by $169 billion in Q3 2022 on euro lending, while dollar credit to emerging markets declined. Read more
EC: Consumer protection: manipulative online practices
The European Commission (EC) released the results of a screening of retail websites. The investigation showed that 148 sites contained at least one type of manipulative practice. National authorities will now contact the traders to rectify their websites. Read more |
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FROM THE EBF
EBF joins forces with Deloitte Risk Advisoryâs pan-European team on cyber resilience and digital assets
After the collaboration with Deloitte Luxembourg on the future of banking and sustainability, we are excited to announce that we are joining forces with Deloitte Risk Advisoryâs pan-European team on cyber resilience and digital assets. Read more
EBF: New study outlines path to unlocking major bank financing and economic growth
The European Banking Federation (EBF) and Oliver Wyman today launched a study exploring the EU banking regulatory and supervisory framework and its impact on banks and the economy. The reference study concludes that a review of current capital requirements and supervisory processes could provide capacity for around EUR 4 trillion additional bank lending to finance the green and digital transitions and strengthen the competitiveness of the EU economy. 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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This newsletter is published by the EBF Mediacentre.
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