| EBF MORNING BRIEF Tuesday 1 February 2022 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
FT: German and Spanish inflation stays high, challenging ECB stance
Inflation in Germany and Spain stayed higher than expected, increasing the pressure on the European Central Bank (ECB). According to the Financial Times (FT), the persistence of inflation is likely to dominate the next ECB governing council meeting on Thursday, even if most economists expect it to stick to its timetable for reducing asset purchases to a lower level this year while keeping interest rates at negative levels. Read more
CNBC: How to be green and placate the markets
As the eurozone prepares to reinstate fiscal rules, a debate has emerged over how best to ensure they reflect the market environment. While countries want leeway for climate-friendly investments, others are adamant that the bloc needs fiscal consolidation, as reported by CNBC. Read more
Reuters: Euroclear teams up with fintech to expand ESG services
Euroclear has bought a big stake in fintech Greenomy to tap into the growing demand for services that help firms meet new rules on reporting their environmental impact. The aim is to combine Euroclear's global reach with Greenomy's platform to cut barriers to ESG reporting, Reuters says. Read more |
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MAIN EVENTS -
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European Parliament Subcommittee on Tax Matters -
Council Horizontal Working Party on Cyber Issues -
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EBF Corporate Income Tax WG online meeting
For a full-year overview of key financial regulation events: click here
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HAPPENING TODAY ESAs high-level conference
on financial education and literacy |
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 | The joint ESAs conference will bring together high-level government representatives as well as experts from public authorities, academia, NGOs, consumer associations, and the industry, to exchange ideas, stimulate the discussion and raise awareness on financial education and literacy. The discussion will focus on four topics: financial education and Capital Markets Union; digitalization with a specific focus on cybersecurity, scams, and fraud; financial resilience of vulnerable groups; and sustainable finance. EBF CEO, Wim Mijs will speak at the panel dedicated to financial education and digitalization. Discover more |
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FROM THE EBF MEMBERS NVB: Bank for the Classroom successful for 10 years In over 10 years, nearly 1 million children received a guest lesson from a bank employee through the Bank for the Classroom program. Sasja van der Knoop, Financial Education Advisor at the Dutch Banking Association (NVB) discusses how the program contributes to young people's financial self-sufficiency. Read more (NL)
Finance Finland: Up to 90% of Finns were scammed last year
More than 90% of Finns were exposed to online or phone scams in 2021, according to research by telecoms operator Elisa. Despite the high number of scams, Finns still have high confidence in the security of Finnish online services, with banks and insurance companies being the most trusted, says Finance Finland. Read more (FI) Finance Denmark: Homeowners' ability to repay loans is top-notch The Danish homeowners are really good at paying the services on their home loans, the latest figures from Finance Denmark show. The timely payment on loans is the highest in almost 14 years. A strong economy and healthy borrowing are an important part of the explanation. Read more (DK) |
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FROM THE INSTITUTIONS ESAs: Thematic repository on financial education and digitalisation The three European Supervisory Authorities (ESAs) published a joint thematic repository on financial education and digitalisation initiatives of National Competent Authorities (NCAs), with a specific focus on cybersecurity, scams, and fraud. The repository contains 127 national initiatives that provide consumers with helpful information on how to improve their financial literacy. In addition, the EBA also published the second edition of its general repository of national education initiatives in the banking sector, which contains another 200 initiatives. Read more
ESMA: Supervision of benchmarks and Chair of EURIBOR College
The European Securities and Markets Authority (ESMA) is since 1 January the supervisor of European Union (EU) critical benchmarks administrators and EU third-country administrators under the Benchmarks Regulation. ESMA also took over the chairmanship of the EURIBOR College. The first meeting under ESMA was held on 27 January. Read more
EIOPA: Risk Dashboard shows unchanged risk levels for EU insurers
The European Insurance and Occupational Pensions Authority (EIOPA) published its Risk Dashboard based on Solvency II data from the third quarter of 2021. The results show that insurers’ exposures to macro risks remain at a high level while all other risk categories, such as insurance as well as profitability and solvency risks stay at medium levels. Read more |
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FROM THE EBF
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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