EBF MORNING BRIEF Tuesday 7 March 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: ECB battles over March decision as future hikes debated
Battle lines are forming for the European Central Bank (ECB) decision next week, with one official calling for a whole campaign of new tightening and some colleagues favoring caution. As reported by Bloomberg, Austria’s Robert Holzmann made a hawkish case in calling for four half-point hikes while Chief Economist Philip Lane insists ECB officials shouldn’t raise rates on autopilot. Read more
PYMNTS.com: Baltics accelerate real-time adoption amid faster payment headwinds in Europe
The Baltic region has grown into a FinTech hot spot in Europe and a regional frontrunner in digital payments. PYMNTS explores real-time payments across the region, noting how Europe is home to some of the most developed and widespread real-time payment schemes in the world and assessing progress in Estonia, Latvia, and Lithuania. Read more S&P Global Market Intelligence: Polish banks face higher provisions as ECJ adviser backs Swiss franc borrowers Polish banks are poised to book higher provisions and losses on their Swiss franc mortgage portfolios than they first expected after the European Court of Justice (ECJ)'s adviser ruled in favor of borrowers in ongoing disputes with local lenders. S&P Global Market Intelligence reports that the ECJ's advocate general said that borrowers may assert additional claims against banks for compensation on paid installments on Swiss franc mortgages. Read more |
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MAIN EVENTS Council Working Party on the Environment |
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FROM EBF MEMBERS
ABI: Banks ready to support debtors but the EU is flexible
With reference to the statements by European Central Bank (ECB) President Christine Lagarde, Giovanni Sabatini, Director General of the Italian Banking Association (ABI) highlighted that: "In Italy, more than in other EU countries, there are tools to meet the needs of debtors in potential situations of difficulty". Read more (IT)
NVB: Integral approach to online fraud
This February, the government decided to take an integrated approach to online fraud, based on a solid public-private partnership, with banks as partners. An important first result of this joint approach has already been achieved, says Lynn van Meijgaard of the Dutch Banking Association (NVB): “We now know each other well. The threshold for talking to each other is already much lower.” Read more (NL)
AEB: Women in banking
Women with different professional profiles tell the Spanish Banking Association (AEB) about their personal experience in the banking sector in a video interview. Women in the banking sector portray banking as a diverse, highly innovative environment where present and future women can contribute to solving the great challenges of society. Read more (ES) |
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FROM THE INSTITUTIONS ECB: Underlying inflation European Central Bank (ECB) Chief Economist Philip R. Lane discusses the conceptual issues involved in analyzing underlying inflation in a lecture at Trinity College Dublin. He also talks about how it will affect monetary policy setting over the coming months. Read more
ESMA: ESMA and ACER update MoU to strengthen cooperation
The European Securities and Markets Authority (ESMA) and the EU Agency for the Cooperation of Energy Regulators (ACER) have signed an updated Memorandum of Understanding (MoU) which strengthens collaboration between the two institutions. The MoU notably incorporates new cooperation areas under the market correction mechanism (MCM) Regulation and benchmarks related to the energy sector.Read more
BIS: Project Icebreaker on cross-border retail CBDCs
The Bank for International Settlements (BIS) and the central banks of Israel, Norway, and Sweden have concluded Project Icebreaker, which studied the potential benefits and challenges of using retail central bank digital currencies (CBDC) in international payments. As detailed in the report, Project Icebreaker shows how it is possible to use domestic retail CBDCs for cross-border payments. Read more |
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FROM THE EBF
EBF key considerations following the publication of the Cyber Resilience Act (CRA) proposal
Following the publication by the European Commission of the proposal for a Regulation on horizontal cybersecurity requirements for products with digital elements, i.e. the Cyber Resilience Act (CRA), the European Banking Federation (EBF) presents some key considerations of the European banking sector on the published text. 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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