EBF MORNING BRIEF Tuesday 20 June 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: ECB said to signal banks face harsher stress test results
European regulators are telling banks that sailed through an early round of this year’s stress test that the final results will be less rosy. The European Central Bank (ECB) has signaled to lenders benefiting from the surge in interest rates to prepare for adjustments in the name of achieving more credible results, people heard by Bloomberg said. Read more
Reuters: ECB hawks argue for more hikes
According to Reuters, the European Central Bank (ECB) should err on the side of further interest rate hikes as inflation could come in even higher than it expects, two ECB policymakers said. Read more
CoinDesk: EU legislation for Digital Euro is put on hold
EU legislation needed to underpin a digital euro, originally due to be published June 28, has been put on hold, CoinDesk has been told. The commission did not provide a reason for the delay, nor did it give a new date for publication. Read more |
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MAIN EVENTS For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
Finance Denmark: Valuation of loans and mortgages in real estate
Finance Denmark has submitted a consultation response to the Danish Financial Supervisory Authority on Guidance for §27 of the Executive Order on the valuation of mortgages and loans on real estate as security for the issuance of covered bonds. Read more (DK)
Finance Latvia: Loans issued in the first quarter increased by 6%
The number of loans issued by commercial banks in the first quarter of 2023 exceeded 15 billion euros, which is 6% more than in the corresponding period last year, according to the data of Finance Latvia. Read more (LAT)
LBA: Sustainable Development Goals
Our planet is facing serious economic, social, and environmental challenges. To address these, the Sustainable Development Goals (SDGs) set globally valid priorities and targets until 2030. The Liechtenstein Bankers Association (LBA) sees the SDGs as an orientation framework for designing, managing, and communicating strategies, goals, and business activities sustainably in the future for the benefit of future generations. Read more |
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Women in Technology webcast How to transform your journey to leadership |
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On Thursday 22 June, the EY team will host the seventh in a successful series of Women in Tech webcasts across financial services. During the webcast, EY panelists and talented external speakers will discuss and explore how to transform your journey to leadership in the technology space, sharing lived experiences and practical guidance on early career, middle management, and leadership.
Our CEO, Wim Mijs will join the discussion! |
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FROM THE INSTITUTIONS
ECB: The risks of stubborn inflation
Risks to the medium-term inflation outlook in the euro area are tilted to the upside, says European Central Bank (ECB) Executive Board member Isabel Schnabel. Given the uncertainty about inflation persistence, the ECB needs to remain data-dependent and err on the side of determination. Read more
BIS: The outlook for the natural rate of interest under short-run inflationary pressures and structural shifts
Olli Rehn, Governor of the Bank of Finland spoke about monetary policy during large shocks. In the speech published by the Bank for International Settlements (BIS), he calls for policymakers to be guided by three principles: modesty, openness, and flexibility. Read more
EC: Fair and simple taxation: better-withholding tax procedures will boost cross-border investment and help fight tax abuse
The European Commission (EC) has proposed new rules to make withholding tax procedures in the EU more efficient and secure for investors, financial intermediaries (e.g. banks), and Member State tax administrations. Read more |
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FROM THE EBF
New 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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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact v.barbieri@ebf.eu
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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