EBF MORNING BRIEF Wednesday 12 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
The Banker: EU banks well positioned to weather market volatility Banksâ share prices and credit spreads have partially recovered since the volatility that followed the confidence crisis surrounding Credit Suisse and Silicon Valley Bank, Barbara Pianese from The Banker writes. Most of the EU banks have sound fundamentals to absorb pressure from monetary tightening and mitigate potential deposit volatility. Read more
Reuters: Credit Agricole urges EU to end 'unfair' safety net funding
French bank Credit Agricole has called on the EU to address what it says is an unfair system of funding for the bloc's banking sector safety net. "No prospect of increased contributions to the Single Resolution Fund (SRF) is acceptable," the French bank said in a position paper seen by Reuters. Read more
Finextra: Bank of England begins building Britcoin team
The Bank of England has opened recruitment for staff to oversee the development of its proposed central bank digital currency. The UK central bank wants to create a team of up to 30 people to oversee the project, Finextra reports. Read more |
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
UK Finance: US Sanctions
In the latest episode of its podcast series, UK Finance is joined by Alfonso Cortes, Finance & Economic Unit Chief, US Embassy London, to discuss US sanctions and their impact on the global landscape. Read more
Finance Latvia: EUR 20 million for sustainable investments
The Latvian woodworking company Latvijas Finieris has secured financing for EUR 20 million from Swedbank, Finance Latvia writes. Investments will be used for further implementation of sustainable business principles, including increasing efficiency. Read more (LAT)
NVB: New financing option for SMEs to become more sustainable
As reported by the Dutch Banking Association (NVB), more entrepreneurs in SMEs can make green investments thanks to a new guarantee scheme. Because this scheme can now also be used for green investments with a longer payback period, more entrepreneurs are eligible for a loan to increase sustainability. Read more (NL) |
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FROM THE INSTITUTIONS
ESRB: Olli Rehn elected as First Vice-Chair of the ESRB Board
Olli Rehn, Governor of Suomen Pankki â Finlands Bank, has been elected as First Vice-Chair of the European Systemic Risk Board (ESRB) by the national members of the General Board with voting rights for a term of five years. Read more
SRB: Annual Press Breakfast
The Single Resolution Board (SRB) invites media representatives to its annual press breakfast on 25 April. The press will meet the new SRB Chair, Dominique Laboureix, and the rest of the SRB Board. They will outline the latest SRB policies and will detail the SRBâs position on some of the latest development in the banking sector worldwide. Read more
BIS: Stablecoins versus tokenized deposits
Tokenized deposits that do not circulate as bearer instruments but rather settle in central bank money are more conducive to singleness. This is one of the key takeaways from the latest paper by the Bank for International Settlements (BIS). Read more |
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FROM THE EBF
EBF: European Credit Sector Associations call for removing payments from the scope of the Digital Identity Regulation
The European Credit Sector Associations commented on the European Commissionâs proposal for a European Digital Identity (eIDAS 2.0) and called for removing from the scope of the Digital Identity Regulation the legal obligation to accept on a mandatory basis the use of the European Digital Identity Wallet for payments. 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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