EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 14 November 2022 An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, brought to you by the European Banking Federation Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA
CNBC: Peak inflation in Europe ‘is almost within reach’
Peak inflation “is almost within reach” in the eurozone, Edward Scicluna, European Central Bank (ECB) Governing Council member told CNBC. He cautioned, however, that there are a lot of uncertainties and that the central bank remains data-dependent. Read more
Bloomberg: ECB raises limit on securities lending
The European Central Bank (ECB) has increased the amount of securities that central banks in the euro area can lend out against cash collateral, a bid to satisfy the demand for high-quality liquid assets around year-end. According to Bloomberg, the move comes amid mounting concern over market dysfunction. Read more
Finextra: Spanish banks to road test digital euro
The Spanish banking sector has set up a working group and proof-of-concept to assess the impact of implementing a digital euro by the European Central Bank (ECB). As reported by Finextra, tests will include the simulated person-to-person remittance of digital euros, e-commerce, and physical commerce payments, based on a model in which banks would be the custodians of their customers' digital currency accounts. Read more |
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EBF and Deloitte joint workshop Banking 2030 24 November / 18:00 -29:30 (CET) |
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New generations are growing up in a world where financial services and banks are not necessarily a lasting marriage.Changing demographics and the twin transition are leading to new societal needs and to a more digital and sustainable world:
Where will this leave banks in ten years’ time?
With the new Banking 2030 project, the European Banking Federation and Deloitte Luxembourg are teaming up to formulate a strategic perspective on where and how banks can add value to society in the next decade.
For this to happen, we want to hear your input and ideas! |
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Are you a young professionals (21-27 years old)
based in Brussels? |
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FINANCIAL REGULATION AGENDA for next week
Monday 14 November
Tuesday 15 November Wednesday 16 November Thursday 17 November Friday 18 November For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS BPFI: Personal Loans Report The latest personal loan figures published by the Banking & Payments Federation Ireland (BPFI) show continued growth in personal loans. The BPFI Personal Loan Report details the volume, values, and uses of personal loans from BPFI member banks. Read more Febelfin: More than 5,000 deferred payments in one month The energy crisis has been going on for a few months and its effects are being felt by many families. The financial sector has made a commitment to provide the best possible assistance to individuals in financial difficulties by offering a capital deferral for home loans under certain conditions. After one month, the counter is at more than 5,000 granted payment deferrals, Febelfin reports. Read more (NL)
CBA: Macroeconomic forecast
The chief economists of the banks represented in the forecasting panel of the Czech Banking Association (ČBA) slightly increased the estimate of the growth of the domestic economy for this year to 2.5%. However, the domestic economy is headed for a mild recession, and next year the gross domestic product will only stagnate. Read more (CZ) |
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FROM THE INSTITUTIONS ECB: Economic Bulletin The European Central Bank (ECB) published its Economic Bulletin. The publication presents the economic and monetary information which forms the basis for the Governing Council’s policy decisions. According to the Bulletin, inflation remains far too high and will stay above the target for an extended period. Read more
BIS: Tourbillon explores cyber resiliency, scalability and privacy
Launched by the Bank for International Settlements (BIS) Innovation Hub's Swiss Centre, the project Tourbillon explores how to improve cyber resiliency, scalability, and privacy in a prototype Central Bank Digital Currency (CBDC). Read more
EP: Chair and member of SRB approved by plenary
Members of the European Parliament (EP) approved Frenchman Dominique Laboureix as Chair and Finnish woman Tuija Taos as member of the Single Resolution Board (SRB), the EU’s authority tasked with ensuring an orderly resolution of failing banks. Read more |
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FROM THE EBF this week
New EBF/EY joint report: Are Volatile Geopolitics and Macroeconomics Disrupting the Path to Net Zero?
The world has changed significantly since European banks began making their net zero commitments. The COVID-19 pandemic and the war in Ukraine have completely altered the operating environment. How is the current situation impacting the implementation of transition plans? To answer this question, the EBF and EY conducted a survey of 27 major European banks from 18 jurisdictions. Read more
Joint Trade association letter on the EU securitisation market
Securitization can provide significant support to the economy, but targeted measures are needed to unlock its potential. This is the position expressed by the European Banking Federation, Association for Financial Markets (AFME), Prime Collateralised Securities (PCS), Leaseurope and Eurofinas, the International Association of Credit Porfolio Managers (IACPM), Paris EUROPLACE, the Dutch Securitisation Association (DSA), and True Sale International (TSI) in a joint letter. Read more
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.
For questions or suggestions contact v[email protected]
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