EBF WEEKLY + FINANCIAL REGULATION AGENDA for the week starting Monday 19 September 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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AML Europe Event 2022 coming on 22 September! |
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On 22 September, Wim Mijs, EBF CEO, and Roger Kaiser, EBF Senior Policy Advisor will speak at the Anti Money Laundering Europe conference organized by Leaders in Finance Events. The AML Europe Event will cover the many facets of the cat-and-mouse game between banks and criminals, from technological innovations in money laundering to the broad cooperation within the AML chain and new European legislation. Above all, however, the event is meant to be a meeting ground where leaders from the European AML/KYC sector can come together and share their knowledge. Read more |
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FROM THE MEDIA International Banker: From Open Banking to Open Finance John Berrigan, Director-General in DG FISMA, European Commission wrote an article for the International Banker on technological innovation in finance. In the article, he advocates for "a safe digital space for users, with a level playing field" where "users have full control over how their data is shared". Besides, data sharing needs to be enabled in all directions and the prudential treatment of the same activity should be equivalent. Read more Reuters: ECB offers a flimsy shield against Spainâs bank levy Investors in Spanish banks are clutching at straws. According to Reuters, shares in the countryâs lenders rose by 6% on hopes that the European Central Bank (ECB) may force Madrid to modify a tax on bank profits. However, the ECB has limited scope to intervene and lenders would have to argue that their capital buffers are under threat. Read more Bloomberg: ECBâs Guindos urges âdetermined actionâ in inflation fight European Central Bank (ECB) Vice President Luis de Guindos urged âdetermined actionâ to combat record inflation, maintaining officialsâ calls for further increases in interest rates after historic hike. Speaking separately in Dublin, Irelandâs Gabriel Makhlouf echoed Guindosâs tough tone, Bloomberg reports. Read more |
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FINANCIAL REGULATION AGENDA for next week Monday 19 September European Parliament Subcommittee on Tax Matters mission to Dublin Tuesday 20 September Council Working party on Tax Questions (High Level) European Securities and Markets Authority Board of Supervisors meeting Wednesday 21 September Council Horizontal Working Party on Cyber Issues Thursday 22 September Leaders in Finance AML Europe Event 2022 (EBF CEO Wim Mijs and EBF Senior Policy Advisor Roger Kaiser speaking) Friday 23 September Council Horizontal Working Party on Cyber Issues For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS Finance Latvia: Fraud cases at four major banks Taking into account the current situation and current trends, the remote availability of services and the more active use of digital tools will expand rapidly and significantly. At the same time, the activities of fraudsters in the digital environment are developing. This is what Finance Latvia reports. Read more (LAT) Febelfin: Payment from credit mortgage in the energy crisis Febelfin published a Q&A page to address any doubts that customers may have about the deferral of mortgage payments in the context of the energy crisis. For instance, what conditions must you meet to obtain a payment deferral on the mortgage loan? For how long can you get a payment deferral? Read more (FR) BdB: Crypto and tax The money stocks in virtual currencies are legally treated neither as (foreign) currency nor as an investment, but as other economic goods. Profits and losses from cryptocurrencies can still be relevant for the tax return, the Association of German Banks (BdB) writes. Anyone who invests in virtual currencies should document the acquisition process. Read more (DE) |
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FROM THE INSTITUTIONS ECB: Euro area policy challenges "To keep inflation expectations anchored, determined action is essential," says European Central Bank (ECB) Vice-President Luis de Guindos. The main asset that central banks have is their credibility, and this is even more important in times of high uncertainty. Read more EBA: Award for top European standard for environmental performance The European Banking Authority (EBA) has become the first European agency in France to be registered for its environmental performance under the European Eco-Management and Audit Scheme (EMAS). The registration was issued by the French Ministry for the Ecological Transition for a duration of three years. The scope of EMAS covers all the EBAâs operational and core business activities. Read more BIS: Ethics of currency - a possible guide for central bankers? François Villeroy de Galhau, Governor of the Bank of France delivered a lecture on the ethics of currency and trust in central banks. In the speech published by the Bank for International Settlements (BIS), he elaborates on the golden triangle of trust today and raises the question of whether the international dimension of trust can still inspire us. Read more |
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FROM THE EBF this past month 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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