EBF MORNING BRIEF Thursday 25 January 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
Bloomberg: Banks are asking investors to look past a ESG metric
Europe’s banks are asking investors not to pay too much attention to a new green metric due to be published in in the coming weeks. Denisa Avermaete, senior policy adviser for sustainable finance at the European Banking Federation (EBF), says the number will “be a single digit number and probably lower than 7%.” In a fresh analysis seen by Bloomberg, the EBF warns against taking the figure at face value. Read more
Reuters: EBA to deepen examine how banks prepare for rate shifts
Banks in the EU face closer scrutiny of how they assess the impact of interest rate changes on their balance sheets after an initial examination uncovered a patchwork of approaches. The European Banking Authority (EBA) last year discussed with banks how they apply a rule known as interest rate risk in the banking book (IRRBB), Reuters writes. Read more
FT: Swiss financial regulator appoints outgoing ECB director as chief
Switzerland’s financial regulator has appointed outgoing European Central Bank (ECB) director Stefan Walter as its new chief executive, the Financial Times (FT) reports. Walter will join Finma from the start of April. Read more |
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MAIN EVENTS
Thursday 25 January
Friday 26 January
Council Horizontal Working Party on Cyber Issues |
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FROM EBF MEMBERS
Febelfin: A plea for a balanced government Bond
A government bond is an instrument used by public authorities to raise funds and finance debt. The amount raised thus depends on the authorities' financing needs at the time of issue. As in the past, the sector will still adopt a constructive attitude and do its utmost to help customers during the subscription period for new issues. Febelfin examines some concerns regarding the one-year government bond issued in September. Read more (FR)
NVB: ESG and Climate Risks will be taken into account in determining the market value of commercial real estate
ESG and climate risks increasingly influence the development of real estate values and these types of risks must be considered when valuing real estate. This is why banks, the Dutch Banking Association (NVB), leading valuation companies, valuation software providers, and the professional associations of appraisers and real estate agents, have developed a new sustainability section for commercial and corporate real estate valuations. Read more (NL)
BPFI: Response to the General Scheme of the Access to Cash Bill
The Banking & Payments Federation Ireland (BPFI) notes the publication by the Minister of Finance, Michael McGrath TD, of the General Scheme of the Access to Cash Bill. BPFI and its member banks are committed to ensuring there is reasonable access to cash both now and in the future in accordance with consumer demand. Read more |
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FROM THE INSTITUTIONS
EBA: Heatmap following scrutiny of the IRRBB
The European Banking Authority (EBA) published its heatmap following scrutiny of the interest rate risk in the banking book (IRRBB) standards implementation in the EU. The heatmap discloses policy aspects that will be subject to further scrutiny, and corresponding actions in the short to medium and long term. Read more
EIOPA: Study on diversification between risks in internal models underlines the importance of continued supervisory attention
The European Insurance and Occupational Pensions Authority (EIOPA) published a study on diversification modelling in the internal models used by insurers. This follows the publication of a comparative study on non-life underwriting risk in internal models. Read more ESMA: Summary of conclusions Board of Supervisors The European Securities and Markets Authority (ESMA) published the summary of conclusions of the board of supervisors held on 13 December. Read more |
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FROM THE EBF
EBF: GAR cannot be to sustainability what CET1 is to capital
The European Banking Federation (EBF) has published a staff paper on the Green Asset Ratio (GAR). As major parts of the economy financed by banks are not tracked by GAR, it cannot be considered a key metric to portray the financing of the green transition or an indicator of progress on meeting sustainability commitments. Read more
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.
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