EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 15 May 2023 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
CoinDesk: EU could veto large stablecoins during MiCA approval
âCentral banks should have the power to veto the widespread introduction of so-called stablecoinsâ if they affect public policy goals, including financial stability or monetary policy, European Banking Authority (EBA) Chairperson JosĂ© Manuel Campa said. As reported by CoinDesk, he adds that future stablecoins would have to comply with âsensible guardrails,â including respecting anti-money laundering laws. Read more
Bloomberg: ECBâs Lagarde says fight against inflation isnât over
European Central Bank (ECB) President Christine Lagarde said efforts to curb elevated inflation arenât over, reinforcing the message that there are more interest-rate increases still to come. Turning to the recent financial-sector turbulence, Lagarde said Europe had been lucky to escape relatively unscathed, Bloomberg reports. Read more
FT: Eurozone consumers are more pessimistic on inflation
People have become more pessimistic about inflation in the eurozone, betting that price pressures will remain strong for years to come. According to the Financial Times (FT), the ratcheting up of inflation expectations is likely to spook policymakers, making further interest rate rises more likely. Read more |
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FINANCIAL REGULATION AGENDA for next week Monday 15 May Council Working Party on Tax Questions (Indirect Taxation) Tuesday 16 May Wednesday 17 May Council Horizontal Working Party on Cyber Issues Thursday 18 May Friday 19 May
For a full-year overview of key financial regulation events: click here
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The European Money Quiz 2023
Grand finals are coming next week! |
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The European Money Quiz is Europe's biggest financial literacy competition, organized by national banking associations and under the coordination of the European Banking Federation (EBF). Launched alongside the European Money Week campaign in 2017, it is part of the EBF's mission to spotlight the importance of financial education.
Next week, 60 finalists from 29 countries - including students from Ukraine for the first time - will join us in Brussels for a fun learning experience.
Together, we will explore the capital of Europe, meet members of the financial literacy community from across Europe, and find out who the 2023 champions will be. |
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The 2023 edition is supported by Tata Consultancy Services - UK & Europe. |
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FROM EBF MEMBERS
BdB: Five tips for secure online banking
To secure online banking, banks put in place extensive measures to safeguard customers' data. However, banks have no influence on the security of the software. The Association of German Banks (BdB) shares a list of tips to stay safe online. Read more (DE)
CBA: Macroeconomic forecast
According to the Czech Banking Association (CBA), moderate economic growth is expected this year. The labor market will remain in good condition, inflation will reach 11% on average and will decline more significantly only next year. Read more (CZ)
ABBL: The future of banking: navigating digital transformation
The Luxembourg Bankers' Association (ABBL) participated in a panel on the future of banking to discuss the current level of digitalization and measures to accelerate digital transformation. Read more |
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FROM THE INSTITUTIONS
ECB: Consumer Expectations Survey results
The European Central Bank (ECB) has published the results of the Consumer Expectations Survey results for March 2023. Compared with February 2023, consumer inflation expectations increased significantly. Read more
BIS: Project Polaris: secure CBDC systems, offline and online
As part of Project Polaris, the Bank for International Settlements (BIS) Innovation Hub Nordic Centre has published a comprehensive handbook exploring key aspects of how central bank digital currencies (CBDCs) could work for offline payments. Read more
ESMA: Spotlight on Markets Newsletter
The European Securities and Markets Authority (ESMA) published its Spotlight on Markets Newsletter. The publication covers the data quality report, the ESAs consultation on SFDR amendments, and the report on the EU Credit Ratings market, among others. Read more |
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FROM THE EBF this week 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]
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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