| EBF MORNING BRIEF Friday 17 December 2021 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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The EBF Newsletter takes a holiday break!
We will be back in January 2022!
Looking forward to seeing you for a new exciting year of key events and stories
in the financial and banking sector. |
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FROM THE MEDIA
Reuters: EU watchdog to simplify data reporting for banks
The European Banking Authority (EBA) announced a multi-year project to simplify data reporting for the bloc's 6,000 lenders, by creating a central hub to replace the multiple agencies to which they currently submit information. A two-year feasibility study concluded that an integrated reporting system could be built so banks "define data once and report once" and improve the ability of regulators to analyze figures, Reuters reports. Read more
CNBC: ECB cuts pandemic bond-buying, but pledges further stimulus
The European Central Bank (ECB) further cut its bond purchases but vowed to continue its unprecedented monetary policy support for the eurozone economy into 2022, as reported by CNBC. However, bond buys under the Asset Purchase Programme will be ramped up to serve as a quantitative easing bridge through the end of the PEPP. Read more EURACTIV: EU Commission launches new data and cloud alliance The new European Commission-powered Alliance for Industrial Data, Edge and Cloud has been officially launched. According to EURACTIV, with 39 members, the initiative gathers some of Europe’s top-notch tech companies to collaborate on next-generation computing technologies and create innovative synergies between European computing tech companies. Read more |
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THE EBF WISHES YOU A GREAT HOLIDAYS
AND A HAPPY NEW YEAR! |
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 | Happy Holidays!
On behalf of all of us at the European Banking Federation, we wish you a safe and joyful holiday season and a Happy New Year!
As we move into 2022, we want to thank you all for being with us and look forward to what the new year has to offer.
The EBF Team
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MAIN EVENTS
For a full-year overview of key financial regulation events: click here
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FROM THE EBF MEMBERS
BdB: ECB too hesitant
Referring to the European Central Bank (ECB)'s Governing Council meeting, Christian Ossig, Chief Executive of the Association of German Banks (BdB) stated that the "overall ECB package does not match the significantly changed price environment". Read more (DE) Finance Norway: What is green? The EU's green regulations are just around the corner in Norway A new law on sustainable finance is being considered and is expected to enter into force during the first half of 2022. For Norwegian business and the financial industry, these regulations will be of great importance in the future, says Finance Norway. Read more (NO)
Finance Latvia: Swedbank Baltic Housing Affordability Index: Rapid wage growth leads to increase in housing affordability index
Demand for apartments is rising in all Baltic capitals, and developers are not slowing down either. Data published by Finance Latvia on the evolution of house prices, average wages, and interest rates show that housing affordability remained high in Tallinn, Riga, and Vilnius last quarter. Read more (LV) |
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FROM THE INSTITUTIONS ECB: Anneli Tuominen is a new member of ECB Supervisory Board The Governing Council of the European Central Bank (ECB) has appointed Anneli Tuominen as ECB representative to the Supervisory Board for a five-year non-renewable term. Anneli Tuominenwill will succeed Pentti Hakkarainen, whose five-year term ends on 31 January 2022. Read more EBA: The feasibility study on integrated reporting system provides a long-term vision for increasing efficiencies and reducing reporting costs The European Banking Authority (EBA) published its final report on the feasibility study of an integrated reporting system (IRS). The study is part of a broader strategy of the European Commission to improve and modernize EU supervisory reporting while minimizing the aggregate reporting burden for all parties. Read more EU Commission: EU institutions agree on priorities for 2022 for a resilient and reinvigorated EU The leaders of the European institutions signed a Joint Declaration identifying key legislative priorities for 2022 and welcomed progress on the 2021 priorities. The Declaration sets out the Institutions' shared vision for a transformed, more resilient Europe, demonstrating their determination to enable the EU to emerge stronger from the COVID-19 pandemic and the dramatic consequences of climate change and other global crises. Read more |
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FROM THE EBF
EBF Response to the ESMA consultation on the proposal for a review of MiFID II best execution regime
The European Banking Federation (EBF) welcomes the ESMA consultation ESMA consultation on proposals to review MiFID II best execution reporting regime, as well as the EC legislative proposal dated 25th November 2021 to delete RTS 27 reporting. The EBF fully supports COMs recent proposal and considers that the temporary exemption introduced by MiFID Quick Fix is extended until the European Parliament and Council have adopted the MiFIR Review changes and they have been applied. Read more
EBF Response to the joint call for evidence on the European Commission mandate regarding the PRIIPS regulation
The EBF welcomes the opportunity to respond to the ESAs Call for evidence regarding PRIIPs Call for evidence regarding PRIIPs. In its response, it makes general comments on the scope, format, MOP, costs as well as on the creation of a taxonomy in PRIIPS. Read more
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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