EBF MORNING BRIEF Wednesday 13 September 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: Suspense intensifies over ECB split over rate decision
The European Central Bank's (ECB) decision is a cliffhanger for investors, but even participants in the meeting have no inkling of the likely outcome, according to people heard by Bloomberg. Economists are almost evenly split on the outcome. Markets largely reflect that sentiment too, pricing a 45% chance of a hike to 4%. Read more
Finextra: BIS and Israel and HK central banks examine security, privacy, and accessibility in CBDC design
As reported by Finextra, the Bank for International Settlements (BIS) says a joint experiment with the central banks of Israel and Hong Kong proved the feasibility of a retail central bank digital currency (rCBDC) ecosystem that combines accessibility, competition, and preventative cyber security while retaining key advantages of physical cash. Read more
EURACTIV: EIB: Vestager open to EU financing of nuclear and defense
With the race for the presidency of the European Investment Bank (EIB) in its final stretch, Danish candidate and former EU competition chief Margrethe Vestager said she would be ready to consider EIB financing for defense and nuclear. According to EURACTIV, Vestager said she’d be willing to take more investment risks as EIB chief. 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
AEB: Credit that does not stop
Financing the economy, families, and companies is the main responsibility of banks. Its objective is to offer the best possible financing in a responsible manner, José Luis Martínez Campuzano, spokesperson for the Spanish Banking Association (AEB) says. Read more (ES)
FBF: Girls, maths, sciences: impasses, oddities and gaps
The number of science baccalaureate graduates has halved, especially among young girls. Faced with these worrying figures, the French Banking Federation (FBF) is joining forces with the Maths & Sciences Collective calling for rapid action to strengthen access to scientific training. Read more (FR)
ABI: Suspension of mortgages in areas affected by bad weather
Following the declaration of a state of emergency for several Italian cities due to exceptional meteorological events occurred during the summer, the Italian Banking Association (ABI) invites banks to suspend mortgages. Read more (IT) |
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FROM THE INSTITUTIONS
EBA: Opinion to the Ministry of Finance of Poland on measures by the notification of higher risk weights set for immovable property
The European Banking Authority (EBA) published an Opinion following notification by the Ministry of Finance of Poland of its intention to extend a measure originally introduced in March 2022. The measure aims to limit risks associated with foreign currency housing loans by encouraging banks to enter settlements with borrowers. Read more
BIS: Project Sela demonstrates that retail CBDC can support access, cyber security and competition while retaining cash features
Project Sela, a joint experiment by the Bank for International Settlements (BIS) and the central banks of Hong Kong SAR and Israel, has proven the feasibility of a retail central bank digital currency (rCBDC) ecosystem that combines accessibility, competition, and preventative cyber security while retaining key advantages of physical cash. Read more
ECB: Consolidated financial statement of the Eurosystem (September)
The European Central Bank (ECB) has published the consolidated financial statement of the Eurosystem as at 8 September 2023. Read more |
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FROM THE EBF
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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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