EBF MORNING BRIEF Tuesday 18 April 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
Bloomberg: European banks have weathered crisis, Sewing says The European banking industry has withstood the challenge posed by the crisis sparked in March, Deutsche Bank CEO Christian Sewing says. “The foundations of that are profitable and robust banks and an EU regulatory and supervisory system that has been strengthened substantially since the financial crisis,” he said as reported by Bloomberg. Read more
Reuters: ECB told not to take banks' word for it when assessing risk
The European Central Bank (ECB) should stop relying on banks' self-assessments when setting capital requirements, independent experts said. The ECB's top supervisor Andrea Enria said the recommendations strengthened his "conviction that supervision needs to become more adaptable, intrusive and risk-focused," Reuters writes. Read more
Finextra: ECSAs want payments removed from EU digital identity plan
The European Credit Sector Associations (ECSAs) are calling on the European Commission to remove payments from the scope of the upcoming European Digital Identity plan. "The current wording seems to imply that the full payment sphere is included in eIDAS 2.0 on a mandatory basis," says a statement seen by Finextra. Read more |
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MAIN EVENTS Council Trade Policy Committee (Generalised System of Preferences) For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
BdB: Interplay between regulation, supervision and banks is working
According to Christian Sewing, President of the Association of German Banks (BdB), banks are in a robust shape. He said the interplay between regulation, supervision, and institutions is working. "Europe has made great progress in banking regulation," and banks are very well equipped with equity and liquidity. Read more (DE)
AEB: The strength and social commitment of Spanish banks
Alejandra Kindelán, President of the Spanish Banking Association (AEB) shares her vision of the challenges and opportunities for banks. She stresses the sector's support to society and its commitment to driving progress. Read more (ES)
SBA: European banks switching to new pan-European payment system
The European Central Bank (ECB), national central banks, and commercial banks are jointly transitioning to a new generation payment system. Banks are currently making every effort to ensure that payments are made to the satisfaction of their clients, the Slovak Bank Association (SBA) writes. Read more |
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FROM THE INSTITUTIONS
ECB: Central banks in a fragmenting world
The global economy is starting to split into competing blocs, says European Central Bank (ECB) President Christine Lagarde. Central banks must think about how to respond to changing geopolitics not when fragmentation is upon us, but before. Read more
BIS: Monetary and fiscal policies as anchors of trust and stability
High inflation and financial stress suggest monetary and fiscal policies have tested their limits, Agustín Carstens, General Manager at the Bank for International Settlements (BIS) argues. This calls for symmetry in monetary and fiscal policies over the business cycle, and a change in mindsets to recognize the limits of policies. Read more
EC: DSA enforcement: Commission launches ECAT
Today, the European Centre for Algorithmic Transparency (ECAT) will be officially inaugurated by the European Commission (EC)'s Joint Research Centre in Seville, Spain. ECAT will provide the Commission with in-house technical and scientific expertise to ensure that algorithms comply with the risk management, mitigation and transparency requirements in the Digital Service Act (DSA). Read more |
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FROM THE EBF
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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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