EBF MORNING BRIEF      Monday 5 June 2023

FROM THE MEDIA

Bloomberg: ECB rates not far off final destination

As reported by Bloomberg, the European Central Bank (ECB) isn’t done raising borrowing costs, though it doesn’t have a lot further to go, according to ECB Executive Board member Fabio Panetta. “Inflation is too high, but there is no reason to worry,” he adds. Read more

Finextra: Responsible Banking: What does PRB mean for banks?

The UNEP FI's Principles for Responsible Banking (PRB) aim to mobilize private finance to address the nature, climate, and pollution crises. Mete Feridun, Chair of the EMU Centre for Financial Regulation and Risk explores the requirements for signatory banks in a blog published by Finextra. Read more

Risk.net: Basel’s IRRBB shock scenario update hit by US crisis

Planned technical adjustments to global banking rules on interest rate risk could end up being delayed by the need for a wider rethink, after the failure of several US regional banks. This is what emerges from a conversation with a regulatory source with knowledge of the deliberations heard by Risk.net. Read more

MAIN EVENTS

• Council Financial Services Attachés

• Council Trade Policy Committee (Generalised System of Preferences)

• European Parliament Committee on Economic and Monetary Affairs

• IADI Biennial Research Conference

For a full-year overview of key financial regulation events: click here

FROM EBF MEMBERS
 

Finance Norway: People are still paying off their credit card debt

Figures show that total consumer debt has increased in the last month, up 2.1 percent since May. The increase is greatest in the use of credit cards. As reported by Finance Norway, the figures show that people pay their credit card bills when due. Read more (NO)

UK Finance: Banks and the rules on sustainable investments

Banks have a unique opportunity to serve customers while making real progress on sustainability through the products that they offer. But how can the sector build on the guarantee that its products are sustainable? Banks need to track and vet every investment to evaluate just how green that product is, a blog published by UK Finance says. Read more

BdB: How long do you have to keep bank statements?

It is important to keep your finances in order on a regular basis. One question that always comes up is whether the account statements from previous years can simply be thrown away or whether there are retention obligations. In this piece, the Association of German Banks (BdB) answers the most important questions on the topic. Read more (DE)

FROM THE INSTITUTIONS

ECB: Interview on inflation

Fabio Panetta, Member of the Executive Board of the European Central Bank (ECB) discussed inflation in an interview with Le Monde. "There is no doubt that 6.1% is too high, but people should not be worried," he says. Read more

EIOPA: Appoints and re-elects members to Management Board

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) appointed Mr. Ante Žigman, President of the Board of the Croatian Financial Services Supervisory Agency (Hanfa), to EIOPA’s Management Board. Read more

BIS: Christine Lagarde: The fight against inflation

Christine Lagarde, European Central Bank (ECB) President spoke about the fight against inflation. The changes to interest rates feed through into bank lending rates, altering people's propensity to spend and invest. Read more

FROM THE EBF  
 

New EBF Vacancies! Work with us!

Visit our Vacancies page to learn more about the opening positions at the EBF. Read more

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

European Banking Federation