EBF MORNING BRIEF Thursday 16 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: ECB’s Lagarde reaffirms intention for half-point March hike President Christine Lagarde reiterated that the European Central Bank (ECB) intends to raise borrowing costs by another half-point in March, Bloomberg reports. ECB officials stressed that next month’s half-point rate increase is unlikely to be the last. Read more
CoinDesk: EU banks told to apply Bitcoin caps before they become law
Banks in the EU should start applying caps on bitcoin holdings ahead of global norms set by the Basel Committee on Banking Supervision (BCBS) taking effect, supervisors at the European Central Bank (ECB) said. As reported by CoinDesk, the ECB said: “should banks wish to engage in this market, they are expected to comply with the standard and take it into account in their business and capital planning.” Read more
EURACTIV: Russian banks in focus as EU debates new sanctions
EU ambassadors meet to discuss a new batch of sanctions against Russia, with politicians, military leaders, and four more Russian banks expected to be targeted. The European Commission has proposed EU should cut from SWIFT four more Russian banks, including Alfa-Bank, Tinkoff, and Rosbank, two EU diplomatic sources said to EURACTIV. Read more |
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MAIN EVENTS Thursday 16 February Friday 17 February For a full-year overview of key financial regulation events: click here |
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ONE WEEK TO REGISTER The Advent of DORA: What changes will the next 24 months bring? Only one week left to our Digital Thursday close-up on the recently adopted Digital Operational Resilience Act (DORA)! In partnership with Deloitte, we will bring together banks, regulators, and other cybersecurity experts to discuss how DORA shapes the sector’s cybersecurity landscape and how its requirements can be realistically implemented in practice. |
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FROM EBF MEMBERS FBF: The construction of a lasting and trusting relationship between associations of the Muslim faith and banks The Forum de l'islam de France (FORIF) published a study on the banking difficulties encountered by the associations of the Muslim faith. The analysis led to the constitution of a contact group between FORIF, the French Banking Federation (FBF), and the General Directorate of the Treasury to build a lasting and trusting relationship. Read more (FR)
BdB: Banks are the heart of the economy
Christian Sewing, President of the Association of German Banks (BdB) pointed out the importance of competitive banks for the German and European economy. “The focus must be on not weakening the general conditions for the banks but strengthening them. Because we need competitive banks for a strong economy," he said. Read more (DE)
CBA: Interest rate dropped to 5.93%
According to the ČBA Hypomonitor by the Czech Banking Association (CBA), the volume of mortgages provided decreased again in January 2023 compared to December. Besides, data shows that the interest rate fell to 5.93%. Read more (CZ) |
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FROM THE INSTITUTIONS ECB: European Parliament plenary debate on the ECB Annual Report European Central Bank (ECB) President Christine Lagarde appeared at the European Parliament to discuss the euro area economy, monetary policy, the expansion of the euro area, and the work to do to complete the Economic and Monetary Union. Read more
ESMA: Supervision of Central Securities Depositories
The European Securities and Markets Authority (ESMA) is publishing its Peer Review Report on the national supervision of Central Securities Depositories (CSDs) providing cross-border services or participating in interoperable links. Read more
BIS: Has Europe moved beyond financial fragility?
Gabriel Makhlouf, Governor of the Central Bank of Ireland on financial fragility and the resilience of the financial system in a speech published by the Bank for International Settlements (BIS). "We've addressed the old fragility but our work can't stop there," he says. Read more |
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FROM THE EBF
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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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