EBF MORNING BRIEF      Monday 15 January 2024

FROM THE MEDIA

Bloomberg: ECB rate cuts aren’t a topic for the ‘near term,’ Lane says

Lowering borrowing costs isn’t something the European Central Bank (ECB) will be discussing imminently, according to Chief Economist Philip Lane. As reported by Bloomberg, ECB President Christine Lagarde said that they will start reducing rates when inflation is back to the 2% goal but she didn’t give guidance on how soon that could be. Read more

The Banker: Scope 3 emissions a ‘best guess’ for financial services

Scope 3 emissions disclosure is becoming a regulatory requirement, but financial services firms are struggling with reporting and are concerned they are at risk of unintentional greenwashing. According to a survey seen by The Banker, fewer than half of financial services organizations are “confident” they can accurately report on Scope 3 emissions while more than two-thirds feel Scope 3 reporting is a “best-guess” measurement. Read more

Finextra: TrueLayer first to participate in SPAA

Open banking payments company TrueLayer was authorized to be the first to take part in the SEPA Payment Account Access Scheme (SPAA). The initiative is designed to further advance the open banking ecosystem beyond compliance with the EU’s PSD2 regulatory framework, Finextra points out. Read more

MAIN EVENTS

• World Economic Forum 'Rebuilding Trust' Annual Meeting

• ESAs second public consultation on joint Guidelines on the system for the exchange of information relevant to fit and proper assessments deadline 

• Financial Times ’Using technology to improve financial inclusion’ event

FROM EBF MEMBERS

SBA: Working together to combat fraud

The Swedish Bankers' Association (SBA) is organizing a digital seminar that raises questions about the financial sector's ability to combat fraud. Representatives from the Police, SEB, and Pensioners' Association will participate in the seminar. Read more (SV)

FBF: Key figures for the French banking sector

The French Banking Federation (FBF) has published the key figures on the French banking sector, including data on the numbers of banks, loans, savings, means of payment, and employment level. Read more (FR)

Finance Latvia: House prices: market forecasts no decrease

According to a survey published by Finance Latvia, the majority of people in Latvia believe that house prices will increase or remain at the current level this year. Compared to Lithuania and Estonia, house prices in Latvia are still the lowest. Read more (LAT)

FROM THE INSTITUTIONS

ECB: Letter to Mr Engin Eroglu, MEP, on the digital euro

The President of the European Central Bank (ECB) has sent a letter to Mr Engin Eroglu, MEP, on the digital euro. 'The ECB has always emphasized that the digital euro would be a true European initiative. This implies extensively engaging with all stakeholders and supporting the democratic debate on a possible digital euro, to develop a digital euro that works for everyone,' the letter says. Read more

EBA: Risk Dashboard: Banks remain robust but higher interest rates could impact their asset quality

The European Banking Authority (EBA) published its Q3 2023 quarterly Risk Dashboard together and the Risk Assessment Questionnaire. The publication includes information on minimum requirements for own funds and eligible liabilities. Read more

 
BIS: Changes to the executive leadership team

The Board of Directors of the Bank for International Settlements (BIS) has appointed Luis Bengoechea as Head of the Banking Department. The BIS Banking Department, with offices in Basel, Hong Kong SAR, and Mexico City, provides banking services globally to central banks and other official sector customers to support reserve management needs. Read more

FROM THE EBF  

EBF: Report of the C-ESG Risk Roundtable Collateral Workstream

The second report from the high-level Environmental, Social, and Governance Risk Roundtable (C-ESG Risk RT) is out. The scope of the report by the Collateral Workstream of the C-ESG Risk RT is to identify common practices in collateral valuation, challenges in the regulatory and supervisory landscape, the different valuation standards, gaps identified in their applicability, and the role of the different stakeholders in the integration of ESG risks in the valuation process. Read more

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