EBF MORNING BRIEF Monday 20 February 2023 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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FROM THE MEDIA Bloomberg: ECBâs Schnabel sees risk markets underestimate inflation European Central Bank (ECB) Executive Board member Isabel Schnabel said that investors risk underestimating the persistence of inflation, and the response needed to bring it under control. Transmission of policy action may be weaker than in the past, she adds in an interview with Bloomberg. Read more
Risk.net: EU snub to clearing carve-out hurts optimization efforts
Forcing firms to clear risk-reducing trades would squeeze collateral and potentially hike liquidity risk, dealers heard by Risk.net warn. Derivatives dealers were confident a regulatory exemption for so-called optimization trades would drive smoothly through the EU legislative process. But now lawmakers appear to have slashed the tires. Read more
CoinGeek: US officials to travel to Europe to discuss crypto
US officials will travel to Europe to discuss the regulation of digital assets, focusing on the EU Markets in Crypto Assets (MiCA) regulations. As reported by CoinGeek, the delegation will meet their EU counterparts, banking and securities regulators, as well as some âindustry representatives.â Read more |
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MAIN EVENTS
For a full-year overview of key financial regulation events: click here
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FROM EBF MEMBERS
FBF: Karim Idrissi appointed Chair of the Regional Banking Committee Ile-de-France
The Banking Committee of the French Banking Federation (FBF) Ile-de-France has elected Karim Idrissi, General Delegate for the Ile-de-France North Region of Société Générale, as its Chairman for a two-year term. Read more (FR)
Finance Norway: Expectations Barometer
Finance Norway presented the Expectations Barometer for the 1st quarter of 2023. The publication shows an all-time low in economic expectations and reveals how financial priorities have changed over time. Read more (NO)
ABI: Measures needed for credit transfers
The Italian Banking Association (ABI) points out that the recently approved law provides clarifications on the liability regime in cases of the non-existence of the requisites for the use of bonuses and can contribute to reactivating the trading of tax credits. Read more (IT) |
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FROM THE INSTITUTIONS
ECB: Too early to claim victory
'We will raise rates until incoming data show that our policy is sufficiently restrictive,' European Central Bank (ECB) Executive Board member Isabel Schnabel tells Bloomberg. The ECB will keep rates high until there is robust evidence of underlying inflation returning to target in a timely and durable manner. Read more
BIS: Extending payment system operating hours
The Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures' analytical framework on extending real-time gross settlement system operating hours presents a 3-step approach to help central banks and operators develop a strategy in consultation with industry. Read more
EC: Digital Services Act
The European Commission (EC) starts collecting platforms' user numbers and consults on its monitoring and investigatory procedures in the scope of the Digital Services Act. The EC is also launching a public consultation on DSA enforcement procedures. Read more |
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FROM THE EBF EBF: An EU framework for financing the transition The EBF has published the paper ââAn EU framework for financing the transitionââ. The EBF calls for the European Commission to define a transition framework with science-based sectoral transition pathways and roadmaps while taking into account developing market initiatives. Read more
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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.
For questions or suggestions contact v.barbieri@ebf.eu
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