EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 16 October 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
Bloomberg: EU banks get worldâs first ESG add-on to capital rules
In a global first, the European Banking Authority (EBA) is revising the framework that sets capital requirements so that lenders reflect environmental and social risks in mandatory, industrywide buffers. EBA has identified âsome short-term fixesâ to minimum requirements âthat can already be implemented,â Chairman Jose Manuel Campa said. Others will be phased in over time, with some requiring new legislation, Bloomberg reports. Read more
Reuters: ECB should not stop bond buys early, Stournaras says
The European Central Bank (ECB) should not stop its bond purchases early because they may still need to calm jittery markets but it is down to governments to keep bondholders on side, ECB policymaker Yannis Stournaras told Reuters. Read more
Finextra: MiCA: The EU Crypto Asset Regulation set to transform 2024
To ensure the stability and integrity of the financial sector, the EU has introduced a comprehensive regulatory framework known as the Markets in Crypto Assets (MiCA). Francesco Fulcoli, Chief Compliance Officer and Board Member at TransferGo discusses the opportunities and challenges in a blog published by Finextra. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 16 October
Council Horizontal Working Party on Cyber Issues Single Resolution Board (SRB) and European Central Bank (ECB) CMDI Seminar Tuesday 17 October European Banking Authority (EBA) Board of Supervisors meeting The Financial Times âDue Dilgence Liveâ conference
Wednesday 18 October
Council Working Party on Tax Questions (Direct Taxation) European Investment Bank (EIB) Board of Directors meeting Thursday 19 October Council Horizontal Working Party on Cyber Issues Friday 20 October Council Working Party on Tax Questions (Direct Taxation) |
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FROM EBF MEMBERS
SBA: Competition in the Swedish banking sector
In 2019, Copenhagen Economics analyzed the Swedish banking market and found no evidence of a lack of competition. The analysis has now been updated, leading to the same conclusion, the Swedish Bankers' Association (SBA) reports. Read more
FBF: Reaction to the 2023 Banking Rates Observatory report
According to the French Banking Federation (FBF), the report of the Observatory of Bank Tariffs reveals two noteworthy facts. On one hand, a moderation of tariffs by banks despite an inflationary environment and, on the other hand, a sharp drop in the prices of the Fragile Customer Offer, dedicated to those financially fragile. Read more (FR)
ABBL: Diversity: Progress must be made
The CSSF has carried out a review of the diversity practices of 46 Less Significant Institutions. The results have just been published: the Luxembourg banking sector still has some progress to make towards greater equality. The biggest challenge lies at the management level, the Association of Bankers of Luxembourg (ABBL) says. Read more |
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FROM THE INSTITUTIONS
ECB: Account of the ECB's Governing Council monetary policy meeting
The European Central Bank (ECB) has published the account of the monetary policy meeting of the Governing Council held in Frankfurt. Members consider that key rates have reached levels that will substantially contribute to a timely return of inflation to target. Read more
EBA: Enhancements to the Pillar I framework are needed
The European Banking Authority (EBA) published a Report on the role of social and environmental risks in the prudential framework of credit institutions and investment firms. Taking a risk-based approach, the Report assesses how the current prudential framework captures environmental and social risks. It recommends enhancements to accelerate the integration of environmental and social risks across Pillar I. Read more
EIOPA: Digital strategy for the next three years
The European Insurance and Occupational Pensions Authority (EIOPA) published its digital strategy further defining its approach to digital transformation as identified in the overall 2023-2026 strategy. The strategy provides and integrates EIOPAâs view and mission on how to support the digitalization of the insurance and pensions sectors, of national competent authorities, and of EIOPA itself. 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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