📰 EBF Morning Brief - Monday 18 January: Why the ECB should go Japanese

FROM THE MEDIA

FT: Why the ECB should go Japanese

Pablo Hernández de Cos, Spain’s central bank governor, suggests that the ECB could explore “yield curve control”, or the policy of directly setting long-term interest rates. FT's Martin Sandbu examines how this could make monetary policy more effective. Read more

Euromoney: European banks head for a funding cliff

European bank shares have rallied even though the pain of loan losses still lies ahead. It is also not clear how they will repay emergency ECB funding, writes Euromoney. Read more

Bloomberg: Brexit is driving top dealmakers out of London

The new rules for the bankers who made London financial capital of Europe are still uncertain after Brexit, but one outcome is already clear: a stream of dealmakers across the English Channel, reports Bloomberg. Read more

MAIN EVENTS today

Eurogroup finance ministers meeting. Work programme

European Parliament plenary meeting opens in Brussels. Agenda

FROM THE EBF MEMBERS

SwissBanking: Banking industry supports reform on retail employees

The reform project for retail employees 2022 is progressing further. The Bank industry actively participates in the projects of the coordinating body: the Swiss Conference of Commercial Training and Auditing Industries (SKKAB) and thus supports the upcoming implementation phase. Read more (DE)

FBF: Interview of Maya Atig on State-backed loans (PGE)

Maya Atig, Director General of the French Banking Federation (FBF), was asked by France Info about the State-backed loan (PGE). Maya Atig recalled that since the beginning of the health crisis, "the banks have been there to support the economy, they are still there, they are still there and they will be there to support businesses." Read more (FR)

Spanish Banking Association: Let's learn from the past

José Luis Martínez Campuzano, spokesperson for the Spanish Banking Association (AEB), writes about the lessons learned from the pandemic. Learning from what is happening can help us overcome difficulties as soon as possible. Read more (ES)

FROM THE INSTITUTIONS

SRB Chair: “Resolution is not a magic wand”

The Single Resolution Board (SRB) has published a keynote speech made by the SRB Chair, Elke König, at the Banca d’Italia workshop on the crisis management framework for banks in the EU on 15th January 2021. Read more

European Blockchain Strategy: Brochure

The European Commission has published a brochure highlighting its European Blockchain Strategy. It believes that investing in the next frontier of technologies such as blockchain will be crucial to enhancing Europe’s technological sovereignty. Read more

EP report on non-performing loans

Following the adoption of the report in the Committee for Economic and Monetary Affairs (ECON), the final report concerning the proposal for a directive of the European Parliament and of the Council on credit servicers, credit purchasers and the recovery of collateral (Non-Performing Loans) has been published. Read more

FROM THE EBF

Digital euro: EBF presents its views to ECB

The European Banking Federation has submitted its views on the introduction of a digital euro as a central bank digital currency to the European Central Bank, which closed its public consultation on this topic last night. Click here to read the EBF submission.

ABOUT THE EUROPEAN BANKING FEDERATION

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations. The EBF 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.

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