EBF MORNING BRIEF Tuesday 18 January 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: Improving financial literacy must be a priority for Europe
Commissioner Mairead McGuinness discusses financial literacy and the newly published financial competence framework for adults in the EU in an article published by the Financial Times (FT). "Finance is changing, and it’s changing fast. I want to help make sure that people are empowered to know the impact of the decisions they’re taking in our evolving financial system", she says. Read more
Bloomberg: EU says Danish banks probably can impose negative deposit rates
Europe’s financial authorities said Danish banks probably aren’t breaching regulations by charging negative interest rates on deposit accounts. According to Bloomberg, the European Commission said it “leans” toward concluding rates aren’t fees and so they aren’t subject to “reasonableness” criteria. However, a final interpretation of the Payment Account Directive must be made by the European Court of Justice. Read more
Reuters: Germany expects debate about fiscal rules to start in June
Germany wants to respect jointly agreed fiscal rules as this helps to control inflation, its new Finance Minister Christian Lindner said, adding he expected the "real debate" about the European Union's fiscal rules to start in June, Reuters reports. "This year 2022, we will have a comprehensive approach to all these issues: Stability and Growth Pact, banking union, and fiscal-monetary stability as a whole," Lindner said. Read more |
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MAIN EVENTS Council Horizontal Working Party on Cyber Issues
For a full-year overview of key financial regulation events: click here
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COMING TODAY! "Data, Digitalization, Decentralized Finance and Central Bank Digital Currencies: The Future of Banking and Money" Conference |
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| | Today, the Institute for Law and Finance (Goethe University Frankfurt) will host the 10th conference on the future of the financial sector. The conference will focus on data, digitalization, decentralized finance, central bank digital currencies, and the future of money. Wim Mijs, the EBF CEO, will discuss the key issues around technology and the financial sector at the "Digitalization and Data: Can incumbents keep up?" panel. Tune in to hear from representatives from the public and private sectors as well as prominent academic thought leaders! Register here |
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FROM THE EBF MEMBERS
Finance Latvia: Luminor Bank opens a new customer service center
Finance Latvia reports that a new Luminor Customer Service Centre opened its doors in Mārupe. “Although most of the bank's services are currently available in the digital environment, they are still a service of primary necessity, so we are pleased to open a new service center in Mārupe for the convenience of our customers", says Kristīne Dērica, Head of Customer Service at Luminor. Read more
NVB: Strong banks, strong society
"Banks work every day for customers and society to build a strong financial sector, on the way to a sustainable economy and an inclusive society. Strong banks, strong society", says Medy van der Laan, Chair of the Dutch Banking Association (NVB). Read more (NL) Finance Norway: Water and flood damage after extreme weather Around 1000 claims have so far been reported to the insurance companies after the extreme weather Gyda, according to a preliminary overview from Finance Norway. The affected customers should contact their insurance company as soon as they can. Read more (NO) |
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FROM THE INSTITUTIONS
EBA: Continued application of COVID-19 related reporting and disclosure requirements until further notice
Following the uncertainty over COVID-19 developments, the European Banking Authority (EBA) confirms the need to continue monitoring exposures and the credit quality of loans benefitting from various public support measures. To facilitate such monitoring, the Guidelines on the reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis continue to apply until further notice. Read more
ECB: Emerging from the pandemic crisis stronger
Christine Lagarde, European Central Bank (ECB) President gave an introductory statement at the meeting of the Conference of Parliamentary Committees for Union Affairs of the Parliaments of the European Union (COSAC). "Though the number of infections in Europe remains high, we are moving out of the emergency phase of the pandemic. We need to retain our sense of unity as we move into the next phase [...] I see three key directions in which this is possible: providing stability, strengthening supply, and ensuring strategic autonomy", she said. Read more
NGFS announces the appointment of a new Chair and Vice-Chair, and the expansion of its Steering Committee with two new members
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) announced that Ravi Menon, Managing Director of the Monetary Authority of Singapore, has been named the new Chair of the NGFS, and Sabine Mauderer, Member of the Executive Board of the Deutsche Bundesbank, has been named Vice-Chair, both for a two-year term starting in January 2022. 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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