EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 13 June 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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EBF and Deloitte event "The big picture: How CSOs can drive the banking sector's sustainability" coming on 15 June! |
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 | On June 15, join the European Banking Federation & Deloitte to discover the key findings of our new report on the role of Chief Sustainability Officers (CSO) as a business leader, change agent, connector, and ambassador of organisations’ culture. During this online webinar, we will discuss the skills needed for this versatile role and explore the emerging trends, key challenges, and expected developments. Register here |
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FROM THE MEDIA
CNBC: ECB confirms July rate hike plans, raises inflation projections
The European Central Bank (ECB) confirmed its intention to hike interest rates at the policy meeting next month and downgraded its growth forecasts. CNBC reports that the ECB expects a further hike at the September meeting, but said the scale of that increment would depend on the evolving trajectory of the medium-term inflation outlook. Read more
Bloomberg: ECB has will and means to fight fragmentation
Markets should have no doubt that the European Central Bank (ECB) will combat an unjustified widening of borrowing costs in the euro area known as fragmentation, Bank of France Governor Francois Villeroy de Galhau said. “We have the will and nobody should doubt we will have the instruments if and when necessary,” he adds as reported by Bloomberg. Read more The International Banker: EU must strengthen the competitiveness of financial markets The outbreak of the COVID-19 pandemic and now the economic impact of the war in Ukraine underscore why the EU needs a resilient and diversified financial system able to withstand sudden economic shocks. According to The International Banker, capital-market financing will need to play a central role in meeting these challenges. The EU must find the political momentum to deliver policies that will foster a globally competitive Capital Markets Union (CMU) that can support sustainable long-term growth in the coming years. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 13 June
Tuesday 14 June Wednesday 15 June
Thursday 16 June
Friday 17 June
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS Finance Finland: Future dialogue in the insurance sector anticipates changes in working life In the insurance industry, the Future Work 2030 project has received further funding and will therefore continue, as reported by Finance Finland. The project aims to anticipate how working methods will change and what the changes will mean. In addition, the challenges related to the diversity of companies are discussed and the solutions found to them are highlighted. Read more (FI) BdB: ECB should end negative interest rate policy before summer break "The European Central Bank (ECB)'s decision to end net bond purchases in three weeks was overdue. Inflation rates currently above eight percent are unsettling consumers and businesses", says Christian Ossig, Chief Executive Officer of the Association of German Banks (BdB) regarding the ECB Monetary policy decision. Ossig adds that a key interest rate hike of 50 basis points before the summer break would curb the rise in inflation expectations. Read more (DE)
Febelfin: The 5 tips to get started investing
Although Belgians are investing, a part of the population has not yet made the leap due to lack of knowledge. To meet this need for information, the Belgian Asset Managers Association (BEAMA), a constituent association of Febelfin, is putting the spotlight on the brochure "Investing to build your future", an initiative of the European Fund and Asset Management Association (EFAMA). The aim of this brochure is to present the 5 tips to follow to start investing. Read more (FR) |
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FROM THE INSTITUTIONS ECB: Monetary policy European Central Bank (ECB) President Christine Lagarde and Vice-President Luis de Guindos explained the Governing Council’s latest monetary policy decisions and answered questions from journalists at a press conference. Read more ESMA: Risk assessment update The European Securities and Markets Authority (ESMA) updates its risk assessment to account for the impacts on financial markets of Russia’s invasion of Ukraine and the deteriorating economic environment. The risk to ESMA’s overall remit remains at the highest level, with political event risk, surging inflation and jumps in market volatility negatively impacting the outlook. Read more
SRB: Updated 2022 MREL policy
The Single Resolution Board (SRB) has published its updated approach to setting a Minimum Requirement for Own Funds and Eligible Liabilities (MREL). The policy has been revised based on experience gained and stakeholder feedback and applies to the 2022 resolution planning cycle. Read more |
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FROM THE EBF this week
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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