EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 27 March 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
POLITICO: Bank crisis management rules coming in Q2
The EU has robust banking safeguards in place to protect its lenders against the prospect of a new crisis, the European Commissionâs economic chief said, adding that additional rules are also around the corner. âFrom a supervisory point of view, we are not in a vacuum,â Paolo Gentiloni said at POLITICOâs Finance Summit. Read more
Bloomberg: EU to rethink liquidity after Credit Suisse unravels
According to Bloomberg, the unfolding crises of confidence at Credit Suisse Group and SVB are prompting regulators gathered at the European Central Bank (ECB) to rethink treatment of liquidity risk. Watchdogs want a better idea of how sticky deposits really are while they look at mobile banking and social media as amplifying the risk of bank runs. Read more
Reuters: ECB could hike rates again in May to tame stubborn inflation
The European Central Bank (ECB) may raise rates again in May to fight inflation, Dutch central bank chief Klaas Knot said. The caveat to any rate hike plan is that financial market turbulence needs to dissipate, but Knot said Europe was "very far" from a financial crisis and an escalation of the turbulence was not his base scenario, Reuters reports. Read more |
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FINANCIAL REGULATION AGENDA for next week Monday 27 March Council Working Party on Tax Questions - Indirect Taxation UK in a Changing Europe âLunch Hourâ economics panel
Tuesday 28 March Council Working Party on Tax Questions - Indirect Taxation European Parliament Subcommittee on Tax Matters Wednesday 29 March Council Working Party on Tax Questions - Indirect Taxation Council Horizontal Working Party on Cyber Issues Thursday 30 March Friday 31 March Council Horizontal Working Party on Cyber Issues
For a full-year overview of key financial regulation events: click here
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COMING NEXT WEEK! Sustainable Finance Research Forum:
'Sustainable Finance in the Global South' Thursday 30 March, 2023 The Sustainable Finance Research Forum's event on how to scale up Sustainable Finance in the Global South is coming on March 30, 2023!
Next Thursday, tune in to hear a line-up of exclusive speakers as they discuss sustainable finance in the global south and how research can support the industry. |
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FROM EBF MEMBERS BdB: Beware of pop-up windows Anyone is exposed to the danger of falling for one of the many fraudulent schemes of Internet criminals. The best way to protect yourself is to be aware of the danger, to know the different approaches of fraudsters, and act accordingly. The Association of German Banks (BdB) warns you to pay attention to pop-up windows scams. Read more (DE)
ABBL: Towards a return of moral hazard?
The debacles of the Silicon Valley Bank (SVB) and Crédit Suisse banks have shaken confidence in European banks and the stability of the Luxembourg financial center. Despite the current context, the Luxembourg Bankers Association (ABBL) wonders: are we not witnessing the return of moral hazard? Read more NVB: Financial choices and online temptations The European Money Week in the Netherlands starts on Monday 27 March with a guest lecture by Medy van der Laan, Chair of the Dutch Banking Association (NVB). The General Director of NVB, Eelco Dubbeling will host the event. Read more (NL) |
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FROM THE INSTITUTIONS ECB: Disclosing climate impact of portfolios on road to Paris-alignment The European Central Bank (ECB) published its first climate-related financial disclosures, which provide information on its portfoliosâ carbon footprint and exposure to climate risks, as well as on climate-related governance, strategy, and risk management. Read more EIOPA: Fostering risk-based supervision The European Insurance and Occupational Pensions Authority (EIOPA) hosted its âEastern Cooperation Conferenceâ bringing together insurance supervisors from EEA and non-EEA jurisdictions. In hosting this conference, EIOPA underlined its continued support for jurisdictions in the process of adapting or implementing EU insurance legislation. Read more BIS: Risks and vulnerabilities to the global banking system The Bank for International Settlements (BIS) Basel Committee on Banking Supervision discussed the outlook for the global banking system in light of recent economic and financial market developments. These events have further highlighted the importance of a resilient global banking system underpinned by effective bank governance and risk management practices, robust regulatory standards, and strong supervision. 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.
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