EBF MORNING BRIEF Thursday 4 February 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 Bloomberg: The City of London is at the mercy of Brexit’s tug of war Britain’s divorce deal barely touches banking and trading, and Europe is eager to develop its own financial center, writes Bloomberg. Read more (€) Reuters: Santander bets on rapid recovery after first ever loss Spain’s Santander is betting on a vaccine-driven economic recovery in 2021 after the euro zone’s second-biggest bank plunged to its first ever annual loss last year, Reuters reports. Read more FT: An equivalence ‘deal’ for the City and EU is doomed to fail A binding treaty on financial services is needed instead if Europe and the UK are to prosper post-Brexit, writes Andreas Dombret, global senior adviser at Oliver Wyman. Read more (€) |
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MAIN EVENTS today *All events take place virtually unless stated otherwise |
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FROM THE EBF MEMBERS
SwissBanking: Switzerland meets challenges with solutions Jörg Gasser, CEO of the Swiss Bankers Association (SwissBanking) discusses the priorities of the Swiss financial sector and how it confidently faces market challenges, in an interview with The Banker. Read more
NVB: Banks continue to support businesses during the pandemic
Dutch banks continue to support businesses during the corona crisis. Since the publication of our last Corona Monitor mid-December, the total amount of financing has increased with 5.5 billion euros. Read more Finance Denmark: AML policy recommendations to help associations Finance Denmark, together with Danish authorities and associations, formulates a catalog of ideas for politicians, which will ease the burdens that many associations experience as a result of anti money laundering (AML) regulations. Read more (DK) |
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FROM THE INSTITUTIONS
ECON Publish Opinion on EU-UK Agreement
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has published its opinion to the Committee on International Trade (INTA) in regard to the EU-UK Cooperation Trade Agreement. Read more
ESMA updates Q&As on MiFID II and MiFIR market structures topics
ESMA has updated its Questions and Answers (Q&As) regarding market structures issues under MiFID II and MiFIR. Read more
European Parliament: EU wants to achieve a circular economy by 2050 In line with EU’s 2050 climate neutrality goal under the Green Deal, the European Commission proposed a new Circular Economy Action Plan in March 2020, focusing on waste prevention and management and aimed at boosting growth, competitiveness and EU global leadership in the field. On 27 January, Parliament's environment committee backed the plan and called for binding 2030 targets for materials use and consumption. MEPs will vote on the report during the February plenary session. 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. The EBF 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. |
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