EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 24 October 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 Bloomberg: One of EU biggest banks told to fix women's unequal pay BNP Paribas was told by French judges it shouldnât have excluded bonuses from its calculations to close the gender pay gap, in a ruling thatâs likely to have ramifications for the local banking industry. As reported by Bloomberg, the impact of the ruling may be felt across the banking system as other large lenders focus solely on base salaries in their efforts to close the gender pay gap. Read more
Risk.net: EBA to scrutinize banking book models amid macro turmoil
Europeâs top banking regulator will more closely scrutinize banksâ interest rate and credit risk modeling practices after macroeconomic stresses have caused bankers to lose faith in the accuracy of their internal models. âWe will have questions for the banks,â Delphine Reymondon, head of the liquidity, leverage, loss absorbency, and capital unit at the European Banking Authority (EBA), tells Risk.net. Read more
S&P Global Market Intelligence: Czech Republic's bank windfall tax revenue target draws analyst skepticism
The Czech Republic's largest banks are likely to pay much less than the $1.3 billion that the country's government aims to raise from the sector through a windfall tax, analysts told S&P Global Market Intelligence. The three-year windfall tax, which the Czech finance ministry announced in early October, targets the banking and energy sectors and is meant to raise funds amid Europe's energy crisis. Read more |
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S&P Global Market Intelligence Webinar Climate, Central Banking, and Supervision: A Discussion on Current Challenges and the Road Ahead
Tuesday 25 October | 13:00 BST | 14:00 CEST
Register for this upcoming webinar, during which speakers from S&P Global Sustainable and the Grantham Research Institute for Climate Change and the Environment will discuss the latest regulatory developments and initiatives aimed at exploring climate-related financial risks through scenario analysis, carbon pricing pressures and physical hazard exposure, to understand which sectors and regions are most at risk, and research findings around climate analysis and transparency. |
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FINANCIAL REGULATION AGENDA for next week Monday 24 October Tuesday 25 October Joint meeting of the European Parliament Committee on Economic and Monetary Affairs and the Subcommittee on Tax Matters Council Ad Hoc Working Party on the Social Fund Wednesday 26 October Council Horizontal Working Party on Cyber Issues Thursday 27 October Council Working party on Tax Questions (High Level) European Commission 'Sustainable Finance Research Forum' launch event (SĂ©bastien de Brouwer, EBF CPO speaking) Friday 28 October
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS HUB: Tamara Perko appointed Director At the regular session of the Executive Board of the Croatian Association of Banks (HUB), Tamara Perko, one of the leading experts in banking and finance in Croatia, was elected as the new director of the association. Read more (CZ)
BdB: How to afford to study
The Association of German Banks (BdB) analyzed different solutions to an important issue discussed among graduates, such as how to finance their studies without parents' support. In Germany, those who receive little or no financial support from their parents can resort to either the Federal Training Assistance Act (BAföG), student loans or support themselves with part-time jobs. Read more(DE) NVB: Devious methods of fraudsters The podcast series "Fraud. That is how it works!" is an initiative by the Dutch Banking Association (NVB) to demonstrate that knowledge of fraud is a key factor in preventing it. With scammers changing tactics more and more quickly, recognizing scammers' recurring, manipulative tactics have become extremely important. Read more (NL) |
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FROM THE INSTITUTIONS ECB: Reschedule of the start of renewed wholesale payment system The Governing Council of the European Central Bank (ECB) has decided to reschedule the launch of the new real-time gross settlement (RTGS) system and its central liquidity management model, T2. The go-live has therefore been postponed to 20 March 2023. An additional four-month period ensures greater system stability and user readiness, as well as a smooth transition to a new platform. Read more EBA: final standards and guidelines on interest rate risk The European Banking Authority (EBA) published a final set of Guidelines and two final draft Regulatory Technical Standards (RTS) specifying technical aspects of the revised framework capturing interest rate risks for banking book (IRRBB) positions. These regulatory products complete the onboarding into EU law of the Basel standards on IRRBB and are of crucial importance given the current interest rate environment. Read more BIS: Fintechs, major vectors of digital innovation François Villeroy de Galhau, Governor of the Bank of France and Chairman of the French Prudential Supervision and Resolution Authority (ACPR) spoke about fintech as the major vector of digital innovation. In the speech published by the Bank for International Settlements (BIS), he explains that fintech, leading player in the digital revolution, is becoming lastingly implanted in the financial landscape. 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]
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