EBF MORNING BRIEF Thursday 25 April 2024 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: ECB's June rate cut not necessarily followed by others
Euro zone inflation could still prove stubborn so a European Central Bank (ECB) rate cut in June will not necessarily be followed by further policy easing, said Bundesbank President Joachim. The ECB has essentially promised a rate cut at its next policy meeting on June 6 but policymakers are still debating the rate path beyond that and signals from the U.S Federal Reserve that its own easing could be delayed clouds the outlook further. Read more Risk.net: Three EU banks applying for IMA approval It’s been a long time coming, but applications to use internal models under new market risk capital requirements are now on the table. Three sources told Risk.ent that three banks in the European Union have asked permission to use their own models under soon-to-be-implemented trading book rules. Read more
FT: UBS ‘seriously concerned’ by Swiss capital proposals
UBS chair Colm Kelleher has said the bank is “seriously concerned” about proposed new Swiss financial rules that would significantly increase its capital requirements. “Let me be clear: we are seriously concerned about some of the discussions related to additional capital requirements,” Kelleher said according to the Financial Times (FT). Read more |
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FROM EBF MEMBERS
BPFI: Sustainable Finance Survey 2024
The new Sustainable Finance survey published by the Banking and Payments Federation of Ireland has revealed that while the majority of consumers indicate that they want to make more sustainable finance and purchasing choices, their sustainable intentions are often outweighed by factors such as cost and other practicalities. Read more
ABA: And the winner is: Austria
The Austrian Banking Association (ABA) is pleased to announce that Luis Poscher and Magnus Greil were crowned champions with first place at the European Money Quiz 2024 finals in Brussels! Her Majesty Queen Mathilde of the Belgians personally congratulated the young finance professionals. Read more (DE)
Finance Latvia: Calculating emissions – a free and simple tool
On the initiative of Finance Latvia and the Baltic States banking associations and financial companies, a greenhouse gas (GHG) emission calculator has been created, which will help companies assess the carbon footprint of their activities. The tool is free of charge and freely available for any business, public authorities, and other organisations. Read more |
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FROM THE INSTITUTIONS
ECB: Innovation, integration and independence
Our goal is clear: to further integrate European payments with a view to supporting competition and innovation, while reducing excessive dependencies, said European Central Bank (ECB) Executive Board member Piero Cipollone at the ECB‘s retail payments market conference. Read more
EBA: Consultation on RTS on the specification of long and short positions under the derogations for market and counterparty risks
The European Banking Authority (EBA) launched a public consultation on its draft Regulatory Technical Standards (RTS) on the method for identifying the main risk driver and determining whether a transaction represents a long or a short position. These RTS are part of the Phase 1 deliverables of the EBA roadmap on the implementation of the EU banking package in the area of market risk. Read more ESRB: Advice to EIOPA on the prudential treatment of environmental and social risks The European Insurance and Occupational Pensions Authority (EIOPA) has a mandate to assess, after consulting the European Systemic Risk Board (ESRB), whether a dedicated prudential treatment of exposures related to assets or activities associated substantially with environmental or social risks would be justified. This document constitutes the ESRB’s advice to EIOPA on this topic from a systemic risk perspective. Read more |
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FROM THE EBF
EBF Response to the EBA Consultative Document Guidelines on ESG risks management
The European Banking Federation welcomes the EBA’s efforts in developing the draft Guidelines to ESG risk management (hereafter, “the Guidelines”), in accordance with Article 87a (5) of Directive 2013/36/EU (CRD IV). Read more
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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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