EBF MORNING BRIEF Wednesday 5 July 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
Finextra: BIS builds out blueprint for a future financial system
A novel type of financial infrastructure combining tokenized money and assets on a programmable platform could radically alter the global financial system, argues a new report from the Bank for International Settlements (BIS). As reported by Finextra, examples of possible innovations include new methods for securities settlements, tokenized deposits with built-in regulatory checks, and enhanced sharing of data on potential borrowers. Read more
Bloomberg: BNP Paribas Chairman on riots, inflation, banking
BNP Paribas Chairman Jean Lemierre says riots won’t have an impact on France’s competitiveness and attractiveness as a financial center. In an exclusive interview with Bloomberg, he also says the fight against inflation will create a slowdown but BNP Paribas is ready for the rebound. Read more
FT: Financial models on climate risk ‘implausible’, say actuaries
Financial institutions often did not understand the models they were using to predict the economic cost of climate change and were underestimating the risks of temperature rises, research led by a professional body of actuaries shows. Many of the results emerging from the models were “implausible,” the Financial Times (FT) reports. Read more |
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MAIN EVENTS Council Trade Policy Committee — Experts (Services and Investment) Spanish Council presidency and the Institute of Financial Studies (IEF) ‘International taxation’ event
For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
ABI: General Assembly
Today, the Assembly of the Italian Banking Association (ABI) will be held in Rome. The Assembly will be an opportunity to take stock of the commitment of banks through these difficult times both in Italy and at the European level. Read more (IT)
AEB: Easy and secure scanning
Innovation improves our quality of life, José Luis Martínez Campuzano, spokesman for the Spanish Banking Association (AEB) wrote. With this conviction, banks have taken measures in recent months to reinforce face-to-face care for the elderly in banking services and to guarantee financial inclusion throughout Spain. Read more (ES)
UK Finance: Building a robust and competitive UK listing regime
In this blog, UK Finance focuses on the latest regulatory chapter in the evolving listing debate. A modernized and innovative regulatory regime, which upholds robust and proportionate standards, is fundamental to ensuring that the UK continues to be a market of choice for investors and issuers, both domestic and international. Read more |
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FROM THE INSTITUTIONS
ECB: Results of the June 2023 Survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD)
Overall credit terms and conditions in the securities financing and OTC derivatives markets tightened for all types of counterparty between March and May 2023, the European Central Bank (ECB) found. Read more
EIOPA: Opinion on a delegation of group supervision between two national supervisory authorities
The European Insurance and Occupational Pensions Authority (EIOPA) published an opinion on a delegation agreement between two national supervisory authorities, the Dirección General de Seguros y Fondos de Pensiones (DGSFP) and De Nederlandsche Bank N.V. (DNB). Read more
EC: Data protection: Commission adopts new rules to ensure stronger enforcement of the GDPR in cross-border cases
The European Commission (EC) proposes a new law to streamline cooperation between data protection authorities (DPAs) when enforcing the General Data Protection Regulation in cross-border cases. The regulation will set up procedural rules for authorities when applying the GDPR in cases that affect individuals located in more than one Member State. 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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