EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 3 July 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
CoinDesk: ECB to start wholesale CBDC settlement trials in 2024
The European Central Bank will start exploratory work for financial market settlement based on distributed ledger technology (DLT) starting in 2024, according to minutes seen by CoinDesk. The explorations will be “limited in capacity and time,” and take place on the basis of existing rules. Read more
Reuters: Deutsche Bank urges rethink of crisis-era UK bank levy
Britain's indefinite crisis-era levy on bank balance sheets will shortly put its lenders at a disadvantage to rivals in the EU and ultimately influence where banks locate their business, a top European bank said. As reported by Reuters, in the EU the equivalent levy is ending at the end of this year. Read more
S&P Global Market Intelligence: European banks show ample capital buffers as Basel III reforms near conclusion
Europe's banks hold ample capital buffers with 18 months to go until the implementation of the final post-global financial crisis rules. This boosts their core capital ratios well above minimum requirements, S&P Global Market Intelligence data shows. Read more |
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FINANCIAL REGULATION AGENDA for next week Monday 3 July Tuesday 4 July Wednesday 5 July -
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Council Trade Policy Committee — Experts (Services and Investment) -
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Spanish Council presidency and the Institute of Financial Studies (IEF) ‘International taxation’ event -
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Thursday 6 July
Friday 7 July
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS
AEB: Banks confirm the advances in social commitment
The Spanish Banking Association (AEB) has detailed the efforts made in rural areas where access to banking services has been enabled in 433 municipalities. The banking sector has also reaffirmed its commitment to financial education and digital skills. Read more (ES)
BdB: Travel and money: How to be well prepared for your vacation
Some cash, a Giro card, and a credit card - this is what the perfect stocking of your vacation travel wallet looks like. And on top of that, the following tips by the Association of German Banks (BdB) can help you keep an eye on your finances. Read more (DE)
Febelfin: Digital payments anchored in habits by Belgians
Digital payments are the preferred means of payment for Belgians. This is a trend that has been going on for several years now, as shown by the latest Digital Payments Barometer, a study carried out on behalf of Febelfin and other partners. Read more (NL) |
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FROM THE INSTITUTIONS
ECB: Economic Bulletin
The European Central Bank (ECB) has announced that the Economic Bulletin is out now. This publication presents the economic and monetary information which forms the basis for the Governing Council’s policy decisions. Read more
EIOPA: How EIOPA is using comparative studies as a supervisory tool
To analyze whether models appropriately reflect the underlying risk, the European Insurance and Occupational Pensions Authority (EIOPA) runs European-wide comparative studies. They come as a complement to individual internal model analysis and national studies. Read more
EC: Provisional political agreement on EU Digital Identity Wallet
The European Commission (EC) welcomes the provisional political agreement of the European Parliament and the Council of the EU on the key elements of the proposal for a legal framework for a European Digital Identity. Read more |
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FROM THE EBF this week
EBF: Basel III agreement to further strengthen resilience of European banking sector, while maintaining its ability to finance growth
The EBF notes the agreement reached by the Swedish Presidency of the EU with the European Parliament and the European Commission on the Banking Package, a core legislative piece that will transpose into EU law the Finalisation of Basel III as well as other prudential topics. Read more
EBF: Views on the digital euro, payment services and financial data access proposals
The EBF shared its reaction to three major digital finance proposals put forward by the European Commission: a legal framework for a digital euro, the Financial Data Access framework, and the Revision of EU rules on payment services. 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.
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