| EBF MORNING BRIEF Thursday 16 December 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 Finextra: European Commission presents a new digital strategy to modernize financial supervisory reporting The European Commission has presented a new strategy to improve and modernize financial supervisory reporting in the EU, Finextra reports. The strategy's main objective is to put in place a system that delivers accurate, consistent, and timely data to supervisory authorities at the EU and national levels while minimizing the overall reporting burden on financial institutions. Read more
Bloomberg: ECB Forecasts show inflation below 2% after next year
The European Central Bank (ECB)’s new projections show inflation below the 2% target in both 2023 and 2024, giving President Christine Lagarde ammunition to argue against a swift increase in interest rates. The outlook isn’t official until published by the Governing Council after its decision, Bloomberg notes. Read more PYMNTS.com: EU’s ‘Single Market for Data’ could take cues from British open banking rules The European Union embarks on a journey to create a European strategy for data to build a “single market for data". The legislation is designed to do far more than tell companies what they can and cannot do, Juan Delgado, Director of the Chicago-based Global Economics Group told PYMNTS. Read more |
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MAIN EVENTS -
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EFRAG General Assembly meeting -
EBF Sustainable Finance Working Group Digital Meeting
For a full-year overview of key financial regulation events: click here
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FROM THE EBF MEMBERS
Finance Denmark: The government's new cyber strategy is an important step
More resources for the police, more cooperation, strengthened advice, and protection of more socially important sectors. These are some of the important steps the government is taking in the new cyber security strategy, according to Finance Denmark. Read more (DK)
NVB: Revision of Green Scheme requirements makes it harder to obtain green financing
The Dutch Banking Association (NVB) warns that the tightening of the criteria for the Green Scheme could make many sustainable projects ineligible for financing under this scheme. Five sector organizations call on the House of Representatives not to adopt the revision of the Green Scheme without further ado but to take a critical look at the new criteria and to come up with adjustments so that these projects can still be financed. Read more (NL)
UK Finance: Pivotal moment as banks, consumer groups, Post Office and LINK join forces to help protect cash services
A landmark agreement has been reached between the major retail banks to share services, ensuring long-term cash availability across the UK. The collaboration, achieved through the Access to Cash Action Group (CAG) convened earlier this year by UK Finance marks the beginning of a long-term commitment to ensuring widespread cash and banking access for communities where services are limited. Read more |
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FROM THE INSTITUTIONS
European Commission: Digital Finance: new Commission strategy paves the way for modern and streamlined supervisory data reporting
The European Commission has presented a new strategy to improve and modernize financial supervisory reporting in the EU. The strategy's main objective is to put in place a system that delivers accurate, consistent, and timely data to supervisory authorities at the EU and national levels while minimizing the overall reporting burden on financial institutions. Read more
ESMA: Erik Thedéen appointed Vice-Chair of ESMA
The Board of Supervisors of the European Securities and Markets Authority (ESMA) has appointed Erik Thedéen as its Vice-Chair. Erik Thedéen will serve a 2½ year term effective immediately. Read more
BIS: Developments in retail fast payments and implications for RTGS systems
The Bank for International Settlements (BIS) published a report on the developments in retail fast payments and the implications for real-time gross settlement (RTGS) systems. The report takes stock of recent developments in retail fast payment systems (FPS), examines central banks' roles in these systems, and discusses the implications for RTGS systems. Read more |
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FROM THE EBF
EBF Vacancies: Work with us!
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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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