EBF MORNING BRIEF Wednesday 14 June 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
Reuters: ECB urges banks in Russia to leave quickly
Eurozone banks in Russia should leave quickly, the bloc's top supervisor said, making a rare explicit call on lenders to wind down operations more than a year after Russia's invasion of Ukraine. "It is important that banks remain very focused on reducing further their exposures and, ideally, exiting the market as soon as they can," Andrea Enria, the European Central Bank (ECB)'s chief supervisor, told a conference attended by Reuters. Read more
Bloomberg: ECB inches nearer to the interest-rate summit
According to Bloomberg, the European Central Bank (ECB) will almost certainly implement the eighth successive increase in its official deposit rate on Thursday, this time by 25 basis points to 3.5%. The interesting bit will be whether it signals it might be ready to at least start thinking about a pause. Read more
Finextra: New risks in an uncertain market
In light of the latest developments, it is important that all elements of financial institutions are on the same level about the new risks that are current. In an opinion piece, Finextra calls for some specific new areas of legislation that financial institutions should look out for, including AI, digital assets, and ESG-related risks. 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
Finance Latvia: Lithuania's decision on the surplus profit tax for banks will reduce lending and budget revenues
The idea of the surplus profit tax for banks is often associated with the desire to promote lending. It should be said right away that when introducing such a payment, the exact opposite effect will most likely be achieved, says Sanita Bajāre, Chairman of the Board of Finance Latvia. Read more (LAT)
BdB: New episode of the podcast Bank Secrecy
The new episode of the podcast by the Association of German Banks (BdB) discusses the financing of companies. They talk about it with the BdB Chief Executive Officer, Heiner Herkenhoff, who has headed the banking association since April this year. Read more (DE)
UK Finance: New Sustainability Supplier Charter
Achieving sustainability goals means setting expectations at every level. That’s why UK Finance is launching its Sustainability Supplier Charter. Read more |
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FROM THE INSTITUTIONS
ECB: Consolidated financial statement of the Eurosystem
The European Central Bank (ECB) has published the consolidated financial statement of the Eurosystem as at 9 June 2023. Read more
EBA: DPM Standard 2.0 to foster collaboration and harmonization in the field of supervisory reporting
The Data Point Modelling (DPM) Standard 2.0 issued enhances the methodology that is at the core of the European Banking Authority (EBA) and European Insurance and Occupational Pensions Authority (EIOPA)’s reporting process, creating a fully consistent approach for modeling reporting requirements. Read more
EC: Sustainable finance package
The sustainable finance package published by the European Commission (EC) shows how the EU sustainable finance agenda can support companies and the financial sector by encouraging private funding of transition projects and technologies and facilitating financial flows to sustainable investments. Read more |
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FROM THE EBF
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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