EBF MORNING BRIEF Wednesday 19 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
Bloomberg: EU proposes smoother path for winding down small banks The EU proposed making it easier to wind down small and medium-sized banks as it seeks to regain momentum in deadlocked talks over forging closer banking ties in the region. The bloc’s executive arm suggested tapping national deposit protection funds to bridge gaps at banks that don’t have sufficient reserves as part of a package of proposed reforms reported by Bloomberg. The aim is to limit any hit to taxpayers or savers. Read more
POLITICO: Parliament approves core EU climate legislation
The European Parliament gave its final blessing to key pieces of legislation that form the backbone of the EU's flagship climate policy package. As reported by POLITICO, the deal puts the EU on track to establish the world's first carbon border tax, in a bid to avoid EU companies being undercut by regimes with less stringent green policies. Read more
Reuters: ESMA favors more transparency in CDS market
The European Securities and Markets Authority (ESMA) favors more transparency in the credit default swaps market, Natasha Cazenave, ESMA Executive director said. According to Reuters, Cazenave also stressed global regulators do not all have the same tools. Read more |
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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COMING IN MAY Sustainable Investment Forum Europe |
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The European Banking Federation is delighted to announce its partnership with Climate Action for the 6th Annual Sustainable Investment Forum Europe taking place on the 9th of May with UNEP FI. Returning to Paris at the Pullman Paris Eiffel Tower, the Forum provides a platform to share best practices on ESG due diligence, highlight solutions for climate risk and adaptation and explore blended finance techniques to attract commercial capital whilst providing financial returns for investors that align with UN SDG and Net Zero goals. |
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FROM EBF MEMBERS
Finance Finland: Tightening banks’ liabilities will not stop scammers
One of the European Commission’s objectives in the Payment Services Directive 2 (PSD2) review is to reduce scams related to payments by shifting more liability to banks. According to Finance Finland, tightening banks’ liability would not reduce crime but rather drive customers to act less carefully. Read more
NVB: Banks positive about broadening the SMEs financing market
Dutch banks are positive that lending to SMEs by non-bank parties has grown to almost 4 billion euros in 2022, as reported by the Dutch Banking Association (NVB). With an outstanding volume of loans, banks are the largest financier of SMEs. Read more (NL) UK Finance: Impersonation scams: Warning to the public During Take Five Week (17-21 April), the public is being warned to beware of impersonation scams as there have been 45,367 cases of impersonation scams in 2022 costing a total of £177.6m, new UK Finance figures show. Read more |
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FROM THE INSTITUTIONS EBA: Approach to the resubmission of historical data The European Banking Authority (EBA) launched a public consultation on the draft Guidelines for the resubmission of historical data under the EBA reporting framework. The objective is to provide a common approach in case there are errors, inaccuracies, or other changes in the data reported in accordance with the supervisory and resolution reporting framework developed by the EBA. Read more
EC: Reform of bank CMDI framework
The European Commission (EC) has adopted a proposal to adjust and strengthen the bank crisis management and deposit insurance (CMDI) framework, with a focus on medium-sized and smaller banks. The proposal will enable authorities to organize the orderly market exit for failing banks of any size and business model, with a broad range of tools. Read more
ECB: Consolidated financial statement of the Eurosystem
The European Central Bank (ECB) has published the consolidated financial statement of the Eurosystem as of 14 April 2023. 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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