EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 23 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
Reuters: Banking turmoil to shape sector monitoring in 2024
EU banking regulators have set specific objectives for their 2024 checks on lenders to reflect lessons from global banking turmoil earlier this year, the European Banking Authority (EBA) says. According to Reuters, this includes asking for specific checks on liquidity and funding risks at banks, the impact of higher interest rates on their business models, and how they can recover from shocks and maintain resilience. Read more
Bloomberg: Deutsche Bank places new restrictions on financing of coal
Deutsche Bank is expanding restrictions on its financing of coal, as part of a crackdown on high-emitting sectors. As reported by Bloomberg, itâs the latest major bank to try to reassure investors and regulators that it has a pathway to eliminating its financed emissions by 2050. The bank has already set financed emissions reduction targets for the oil and gas, automotive, power generation, and steel industries. Read more
S&P Global Market Intelligence: European M&A slump deepens in Q3
M&A activity in Europe hit a five-year low in the third quarter, S&P Global Market Intelligence data shows. This represents the sixth decline in deal volumes in the past seven quarters, and the weakest quarter for European M&A since at least 2018. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 23 October
Council Horizontal Working Party on Cyber Issues Tuesday 24 October European Parliament Committee on International Trade hearing on European economic security
Wednesday 25 October
Thursday 26 October European Council meeting Friday 27 October European Council Euro Summit meeting |
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FROM EBF MEMBERS
AAB: Women in leadership positions
The 14 percent of Board representatives are female. This is the finding of the survey by the Association of Austrian Banks (AAB) among its members. âThe direction is right, the pace must be accelerated,â says Gerald Resch, AAB Secretary General. Read more (DE)
Finance Denmark: Interest in home buying has increased
According to the figures by Finance Denmark, Danes' interest in home buying continues to increase. More people have borrowed for home purchases than at the same time last year, data shows. Read more (DK)
ABBL: Meeting Sciences Po students
The Luxembourg Bankers' Association (ABBL) traveled to Paris to meet future banking talent and discuss international financial services. The meeting was also an opportunity to present Luxembourg's financial center and the career opportunities it offers. Read more |
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FROM THE INSTITUTIONS
EBA: Priorities for prudential supervisors for 2024
The European Banking Authority (EBA) published the European Supervisory Examination Programme (ESEP) for 2024, which identifies key topics for heightened supervisory attention across the European Union. Read more
ESMA: First annual assessment of Data Reporting Service Providersâ relevance for EU financial markets
The European Securities and Markets Authority (ESMA) has performed the first annual assessment based on data collected in 2022. ESMA has established that two Data Reporting Service Providers have exceeded the derogation thresholds. Read more
BIS: System-wide dividend restrictions: evidence and theory
This paper by the Bank for International Settlements (BIS) assesses the costs and benefits of the European Central Bank (ECB) system-wide dividend restriction or recommendation. In our empirical analysis we find that, on average, banks that did not distribute dividends increased their lending by 5% more than those that distributed dividends. Read more |
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FROM THE EBF
EBF encourages wider debate on a digital euro and close public-private collaboration as the project moves to its next phase
The European Banking Federation (EBF) commented on the European Central Bankâs decision to move from the investigation phase of a retail digital euro to its preparation phase. As outlined by the ECB, this is initially expected to last two years and can pave the way for a decision to issue a digital euro. 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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