FROM THE MEDIA

Reuters: No reason for the ECB to increase rates by end of next year, Villeroy says

There is no reason for the European Central Bank (ECB) to increase rates between now and the end of 2022 as euro zone inflation is expected to fall back below the ECB's 2% target, Bank of France governor Francois Villeroy de Galhau said. Reuters also reports that he played down concerns that problems at China Evergrande Group, which faces a liquidity crisis, could have a broader impact. Read more

FT: France tests crypto assets in series of government bond deals

According to the Financial Times (FT), France has used digital assets and blockchain technology in a series of bond transactions, marking one of the most significant trials to date of cryptocurrencies in a leading established market. A consortium of France’s biggest financial market participants, including BNP Paribas, Crédit Agricole CIB, HSBC, and Société Générale utilized a digital currency issued by the Banque de France as part of the 10-month experiment in the country’s debt market. Read more

Bloomberg: Banks have key role in combating climate change

Jes Staley, Chief Executive Officer at Barclays PLC, discusses the UK’s role in climate action, green financing and the biggest challenges for the bank. In speaking with Bloomberg, he also spoke about how inflation could impact the financial market. Watch here

MAIN EVENTS

• Financial Market Authority ‘A sustainable way out of the crisis’ conference

• Bruegel ‘Monetary policy in the time of climate change’ event

• Financial Times 'The Banking Revolution' Summit

• Council Working Party on Financial Services and the Banking Union (Financial Services)

• Council Working Party on Tax Questions (Indirect Taxation)

• 4th SSM Banks CIO/CTO Roundtable Virtual meeting

For a full-year overview of key financial regulation events: click here

REGISTRATION OPEN!

EBF DIGITAL THURSDAYS 2021 

FROM THE EBF MEMBERS

FROM THE INSTITUTIONS

EBA publishes final draft regulatory technical standards on disclosure of investment policy by investment firms

The European Banking Authority (EBA) published new regulatory technical standards (RTS) on disclosure of investment policy by investment firms. The final draft RTS put forward comparable disclosures that should help stakeholders understand investment firms’ influence over the companies in which they hold voting rights and the impact of investment firms’ policies on aspects such as the governance or management of those companies. Read more

ECB: International aspects of digital currencies

Decisions about central bank digital currencies require a careful assessment of their international implications, says European Central Bank (ECB) Executive Board member Fabio Panetta. This is particularly relevant as the ECB investigates the design and possible cross-border use of a digital euro. Read more

European Commission relaunches the review of EU economic governance

The European Commission has published a communication on economic governance in the aftermath of the COVID-19 crisis. The Commission had previously suspended this public debate, which was first launched in February 2020. The relaunched debate will draw on both the Commission's view of the effectiveness of the economic surveillance framework presented in February 2020 and the lessons learnt from the COVID-19 crisis described in today's Communication. Read more

FROM THE EBF

European Banking Federation announces support for Net-Zero Banking Alliance: EBF Press release

The European Banking Federation (EBF) today became the first official supporter of the Net-Zero Banking Alliance (NZBA), an industry-led, UN-convened international initiative focused on delivering the banking sector’s ambition to align its climate commitments with the Paris Agreement goals. With this move, the EBF commits to further step up its efforts to accelerate the banking sector transition to net zero and facilitate its member banks’ ambitions to achieve this goal. Read more

EBA Consultation on draft Guidelines on the limited network exclusion under PSD2: EBF Response

The EBF has responded to the EBA Consultation on draft Guidelines on the limited network exclusion under PSD2. The response highlights that a transparent and clear application of the exemptions is relevant from a consumer protection perspective. When paying with a card that is issued under the limited network exclusions, consumers cannot benefit from those consumer protection rules that apply under PSD2. Also, a harmonised interpretation is also vital in terms of competition reasons, since there is a large cost difference in offering a service exempt from PSD2 compared to services in the scope. A more harmonised application of the exemptions would support a more level playing field. Read more

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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