EBF MORNING BRIEF Tuesday 28 November 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 to look at pandemic bond reinvestments soon
European Central Bank (ECB) officials may soon revisit their €1.7 trillion pandemic bond portfolio and reconsider how long they will replace maturing securities, Bloomberg reports. While several officials have said they’re in favor of discussing an earlier start to the roll-off of the so-called PEPP program, Lagarde had remained more cautious on the issue. Read more
Finextra: Bank regulators warn over operational resilience challenges
As reported by Finextra, banks across the EU are failing to adequately meet the guiding Principles on operational resilience and risk laid down by the Basel Committee in 2021. The Committee says that further effort is needed by banks to enhance practices. Read more
Reuters: ECB rating agency puts weight on protection mechanisms
According to Reuters, Scope, Europe's first European Central Bank (ECB)-approved credit ratings agency, promises to put more weight on the euro zone's improved ability to navigate crises although it has concerns about Italy and France and warns the Dutch election result could trouble its coveted triple-A grade. Read more |
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MAIN EVENTS European Parliament Committee on Economic and Monetary Affairs digital euro hearing |
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Launch of the Report of the
C-ESG Risk Roundtable Data Workstream
Wednesday 29 November 2023 10 am CET - ONLINE
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| | To further strengthen the dialogue within the banking sector and to facilitate
the discussion with the European Central Bank (ECB), a high level Environmental,
Social, and Governance Risk Roundtable (C-ESG Risk RT) was set up by the European Banking Federation (EBF) with the participation of 13 European banks.
The EBF and ECB are acting in observing capacity.
Tomorrow, we will be launching the first report resulting from the discussions and deliberations of the C-ESG Roundtable Data Workstream.
On 29 November 2023, we will be launching the first report
resulting from the discussions and deliberations of the C-ESG Roundtable Data Workstream.
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FROM EBF MEMBERS
BdB: Demand for credit remains weak, need for investment remains
"Companies have recently been financing their investments heavily from their own funds, while demand for credit has remained weak. The banks' credit supply remains reliable, but reflects the increased risks," says Heiner Herkenhoff, Managing Director of the Association of German Banks (BdB). Read more (DE)
Finance Denmark: New statistics on Danes' investments
Finance Denmark is expanding its statistics on investment funds with quarterly figures that show how much Danish investors have invested in Danish and foreign funds. "We support an active investment culture where Danish investors have a wide selection of products to invest in," says investment manager Kåre Valgreen. Read more (DK)
Finance Latvia: Financial sector to pursue cash availability measures
The Bank of Latvia, Finance Latvia, and commercial banks with the widest network of ATMs and branches have agreed to continue implementing measures to ensure the availability of cash in 2024. These measures are included in the cooperation memorandum signed in the fall of 2021, which has now been renewed for the second time. Read more (LAT) |
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FROM THE INSTITUTIONS
ECB: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
Christine Lagarde, President of the European Central Bank (ECB) discusses the current assessment of the economic outlook and the ECB's efforts to bring inflation back to target. On top of that, she also explores how the ECB incorporates climate change considerations in its monetary policy. Read more
EBA: Guidance to AML/CFT supervisors of CASPs
The European Banking Authority (EBA) extended its risk-based anti-money laundering and countering the financing of terrorism (AML/CFT) supervision guidelines to AML/CFT supervisors of crypto-asset service providers (CASPs). Read more
EC: Have Your Say feedback on two delegated regulations under DORA
The European Commission (EC) launched a 4-week Have Your Say feedback on two delegated regulations specifying the rules on digital operational resilience for the financial sector (DORA). The deadline for providing your feedback is 14 December 2023. Read more |
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FROM THE EBF
European Retirement Week: European associations set out recommendations to ensure pension adequacy for all
During the launch of European Retirement Week in Brussels, the 14 European associations presented to EU policymakers key recommendations to ensure pension adequacy for all. The recommendations contribute to the debate on how to strengthen and ensure affordable and sustainable pension systems in the EU. Read more
European Banks call for developing a shared vision for the financial sector to preserve Europe’s competitiveness
The Board of the European Banking Federation (EBF) met in Madrid on 24 November 2023. It was the opportunity to reflect on the resilience built up over the last years, with a focus on recent advancements during the Spanish Presidency. It also allowed a discussion on the key areas where further progress is needed to enhance the competitiveness of the sector and the economy as a whole. 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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