| EBF MORNING BRIEF Monday 22 November 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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FROM THE MEDIA
FT: Brussels plans central databases to boost capital markets
Brussels is planning to create US-style central databases that hold information on publicly listed companies and trading activity as part of a push to boost the integration of its capital markets. According to draft documents seen by the Financial Times (FT), the measures will include changes to make it easier for investors to access information on companies operating in the EU and for EU banks and fund managers to find prices of stocks and bonds throughout the single market. Read more
Reuters: Top bankers bemoan slow pace of European CMU
Reuters reports that two top bankers bemoaned the slow pace of unifying European capital markets, voicing concerns that European investment and innovation too often flee the continent for the US. BNP Paribas Chairman Jean Lemierre said European insurance companies are forced to seek out the U.S. for liquid investments where capital markets run deep, and that European startups often head across the Atlantic. According to Deutsche Bank Chief Executive Christian Sewing, the Capital Markets Union (CMU) "safeguards the competitiveness of the European economy". Read more
Bloomberg: UBS, Deutsche Bank set the course for next era with new Chairmen
Two of Europe’s banking giants picked the leaders who will chart their next era as they named successors for the chairmen who steered them through a decade of restructuring, Bloomberg reports. UBS Group nominated former Morgan Stanley President Colm Kelleher to succeed Axel Weber as Chairman. Deutsche Bank proposed Dutch insurance veteran Alexander Wynaendts for the same role, replacing Paul Achleitner. Read more |
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MAIN EVENTS
For a full-year overview of key financial regulation events: click here
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REGISTRATION OPEN! A NEW DAWN FOR EUROPEAN BANK M&A: KEY DRIVERS, VALUATIONS & EXPECTATIONS FOR 2022 |
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 | On 30 Nov, as part of the Banking Essentials webinar series co-hosted by the European Banking Federation and S&P Global Market Intelligence, we will host an online event on M&A activity. Our panel of experts will delve into what to expect from European bank M&A activity in 2022 and beyond considering that market dynamics are changing rapidly as banks come under increasing pressure to consolidate and new players emerge. |
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FROM THE EBF MEMBERS
BdB: Podcast episode 5: Combating money laundering
The Association of German Banks (BdB) talked to Elmira Mamedowa-Ahmad, a money-laundering expert about the current developments in the fight against money laundering. Ilka Brian, Head of Global Standards AML at Commerzbank, gives interesting insights into banking practice. Read more (DE)
BPFI: Financial abuse and banking
The members of the Banking & Payments Federation Ireland (BPFI) work hard to identify and support customers who may be vulnerable, including by training frontline staff. In this video, Louise O’Mahony, BPFI Head of Sustainable Banking explains how you can help protect yourself against financial abuse. Watch it now
FBF: Borrower insurance: French banks support a model of solidarity and risk pooling
French banks massively and responsibly finance their clients' projects, and access to credit and borrower protection are major issues. Concerning loan insurance, the profession reiterates its constant objective to ensure protection and maintain a model of solidarity and risk pooling, unlike the bill brought by the AGIR group to the national assembly. The French Banking Federation (FBF) deplores the proposed changes while maintaining that the annual termination on a fixed date is beneficial. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Commitment and persistence
Inflation is largely being pushed up by exceptional pandemic circumstances, says European Central Bank (ECB) President Lagarde at the European Banking Congress. Monetary policy must remain persistent to ensure that inflation returns to our 2% target on a sustained basis. Read more
ESMA: Verena Ross delivers a keynote speech at the DSW ESG Conference 2021
The European Securities and Markets Authority (ESMA) Chair Verena Ross reiterates that ambitious and targeted measures to address greenwashing will play an important role in the forthcoming ESMA activities in sustainable finance. The Authority intends to work closely with national securities regulators to promote a coordinated approach across the EU to tackling this issue. Read more
EIOPA: Annual occupational pensions statistics
The European Insurance and Occupational Pensions Authority (EIOPA) published for the first time annual occupational pensions statistics for the reference year 2020. The annual statistics include statistics on the balance sheet, asset exposures, contributions, benefits & transfers, expenses, members, and basic information, including for example information on the structure of IORPs, number of schemes, and concentration ratios. Read more
European Commission weekly schedule
Find out more about the European Commission's engagement and activities for the upcoming week. Read more
European Central Bank weekly schedule Find out more about the ECB's engagements and activities for the upcoming week. Read more
European Parliament weekly schedule Find out more about the Parliament's engagements and activities for the upcoming week. Read more |
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FROM THE EBF
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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