| EBF MORNING BRIEF Tuesday 19 January 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
Reuters: EU needs 'masterplan' to grab euro finance from London The European Union needs a “masterplan” to move euro financial services from London to the bloc if it wants to expand the single currency’s role in a global economy dominated by the U.S. dollar, writes Reuters. Read more FT: ECB threatens banks with capital ‘add-ons’ over leveraged loan risks The ECB is threatening to impose additional capital requirements on banks that continue to ignore requests to rein in risk in the booming leveraged loan market, the FT reports. Read more (€) Euractiv: Brussels postponed green finance rules after veto The European Commission was forced to delay publication of detailed implementing rules on the EU’s sustainable finance taxonomy because of the sheer number of comments received and a threat of blockage from eastern and southern EU member states, writes Euractiv. Read more |
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MAIN EVENTS today -
Ecofin meeting of economics and finance ministers. Agenda -
10 CET: European Central Bank publishes Q4 Bank Lending Survey. Website -
European Parliament plenary meeting -
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FROM THE EBF MEMBERS
BPFI: Registration is now open for European Money Quiz 2021 The Banking and Payment Federation Ireland (BPFI) has just opened registration for the Irish competition of the European Money Quiz 2021, a financial education quiz for 13-15 year old students. Teachers can now register their students to take part in the live online Kahoot! final at noon, Tuesday 23 March 2021. Read more BdB: Comparison website Check24 to shut down amid legal uncertainty Check24 has shut down its website for comparing bank charges. Presumed legal uncertainties must be clarified and eliminated as soon as possible, said Andreas Krautscheid, Managing Director of the Association of German Banks (BdB). Read more (DE) AEB: Banks support SMEs and entrepreneur through the pandemic In a documentary of the Financial Consumers Association (ASUFIN), José Luis Martínez Capmuzano, Spokesperson of the Spanish Banking Association (AEB), talks about how Spanish banks support SMEs and entrepreneurs since the beginning of the pandemic. Learn more (ES) |
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FROM THE INSTITUTIONS CNB: Czechia should join the banking union only on adopting the euro The Government discussed the updated Impact Study of Participation or Non-participation of the Czech Republic in the Banking Union and agreed with the recommendation that in the current situation the Czech Republic should not attempt to join the banking union and should monitor its further development. Read more ESAs publish final draft ITS on reporting templates for intra-group transactions and risk concentration under FICOD The European Supervisory Authorities (ESAs) have submitted to the European Commission the final Report on the draft Implementing Technical Standards (ITS) under the Financial Conglomerates Directive (FICOD) on reporting templates for intra-group transactions (IGT) and risk concentration (RC). Read the report here EBA publishes report on Asset Encumbrance The European Banking Authority (EBA) has published its annual report on Asset Encumbrance. The EBA notes that due to the freezing of primary markets caused by Covid-19, banks have made extensive use of central bank liquidity facilities to build precautionary liquidity buffers. 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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