EBF MORNING BRIEF Thursday 2 March 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
Reuters: EU watchdog says will visit banks to check on crisis plans
The Single Resolution Board (SRB) said it would begin on-sight inspections of leading eurozone lenders to check if they can be wound down without taxpayer aid in a crisis. "In the coming years the SRB must shift its focus to make sure that resolution plans can be put into practice effectively," Laboureix said in a speech heard by Reuters. Read more
International Banker: Assessing the incremental costs of regulation and supervision faced by EU banks compared to their US peers
In an opinion piece published by International Banker, Leticia Rubira, Oliver Wyman’s Engagement Manager for Public Sector and Policy Practice together with Oliver Wünsch, Partner for Sovereign Finance and Public Policy at Oliver Wyman, discuss the reference study, commissioned by the European Banking Federation (EBF), on the impacts of the EU banking regulatory framework on European banks and economies. Read more
CoinDesk: French regulator to clarify new crypto rules, align with EU
The French National Assembly voted for new regulations on crypto in the wake of FTX's collapse. “We will work to clarify these new rules,” Financial Market Authority (AMF) Chairwoman Barbat-Layani told lawmakers. As reported by CoinDesk, Barbat-Layani said she would “adapt French crypto license conditions to make them as operationally close as possible to the new European rules.” Read more |
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MAIN EVENTS
Thursday 2 March
Friday 3 March
For a full-year overview of key financial regulation events: click here |
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REGISTRATION OPEN! Staying strong in volatile markets: How banks can overcome challenges to funding and lending Tuesday 14 March, 2023 || 3:30 – 4:15 PM CET Banks in Europe today must navigate a new environment of rising interest rates, changing customer priorities and recession risk. Smart management of lenders’ funding needs and lending profiles is essential if they are to remain profitable and competitive. Join Ben Meggeson, News Manager at S&P Global Market Intelligence, Natasha Marade Mcswiggan, Senior Economist on Economic Country Risk at S&P Global Market Intelligence, and Alessandro Lolli, Head of Group Treasury and Finance at Intesa Sanpaolo as they explore what the market will be watching for and how banks can react to fast-moving geopolitical events and regulatory changes. |
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FROM EBF MEMBERS
CBA: The e-citizen system being used for a new phishing campaign
As reported by the Croatian Banking Association (CBA), attackers are sharing a fraudulent QR code leading to a webpage imitating the e-citizens system. If you have entered your card information, block your card and request a new token from the bank. Read more (HR)
ABBL: Awareness campaign on Sustainable Finance
Given the need to inform the general public about sustainable finance, the Luxembourg Banker's Association (ABBL) Foundation for Financial Education has taken the initiative to launch a national awareness campaign. The campaign aims to promote the development of sustainable finance, inform citizens, foster an understanding of the impact of investment decisions, and encourage discussion between savers and financial advisors. Read more (FR)
Finance Denmark: The number of financial criminals is increasing
Danish banks reported 67,000 cases of suspicious transactions last year. In a new report, Finance Denmark advocates for information-sharing between banks to better identify criminals and prevent fraud. The report also points out the need to expand further cooperation between authorities and banks. Read more (DK) |
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FROM THE INSTITUTIONS ECB: Ukrainian refugees in the euro area Millions of Ukrainians have fled Russia’s unjustified war in their country. Many have found refuge in the euro area, thus also increasing its available labor force. The European Central Bank (ECB) Blog draws on new data to give an insight into the whereabouts and demographics of Ukrainian refugees. Read more
ESMA: MCM on gas derivative markets
The European Securities and Markets Authority (ESMA) has published its Effects Assessment of the introduction of the market correction mechanism (MCM) on gas derivative markets. The results confirm the findings of the preliminary data report that, to date, no measurable impact of the MCM can be identified. Read more
SRB: Dominique Laboureix's speech at the ECON Committee
Dominique Laboureix, Chair of the Single Resolution Board (SRB) spoke before ECON Committee about the start of a new phase for the SRB and the topics and priorities to address. In his speech, he touches upon the economic and geopolitical situation, Basel III, digitalization, and climate change. Read more |
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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 |
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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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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact v.barbieri@ebf.eu
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