EBF MORNING BRIEF Tuesday 22 November 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
Bloomberg: ECB wonāt be done raising rates in December
The European Central Bank (ECB) will probably continue to raise borrowing costs next year to ensure inflation returns to its 2% target, Chief Economist Philip Lane told Market News. As reported by Bloomberg, he added that in upcoming decisions the ECB will have to consider that previous moves filter through to the economy with a delay. Read more
Reuters: ABI warns ECB of risk of attending board meetings
Speaking at a banking seminar, Italian Banking Association (ABI) President Antonio Patuelli urged the European Central Bank (ECB) to consider whether its representatives could find themselves sharing responsibility for lendersā mistakes if they attend banksā board meetings. The comments weighed in on tensions brewing between euro zone banks and ECB supervisors, Reuters says. Read more PYMNTS.com: Worldline Neonomics partnership aims for Pan-European Open Banking API coverage Worldline has entered into a commercial partnership with open banking specialist Neonomics, the French-based global payments firm, as announced in a press release seen by PYMNTS. āBy working together, we can make open banking an even more pan-European offering that helps to streamline payments and enables access to banking account data,ā Worldline Head of Global Business Line Financial Services Michael Steinbach said. Read more |
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MAIN EVENTS Council Working Party on Tax Questions (Direct Taxation) For a full-year overview of key financial regulation events: click here |
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BANKING ESSENTIAL SERIES The Road to Basel IV:
Navigating the Challenges Facing European Banks |
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| | The next webinar by EBF and S&P Global Market Intelligence is about the expected impact of the final Basel capital rules on European banks! During the event, we will look back at 14 years of Basel capital reforms in Europe and discuss why those reforms were necessary and what has been achieved so far. Our speakers will also explore additional challenges for banks in the current volatile environment and how that could impact their readiness to start the implementation of Basel IV rules. |
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FROM EBF MEMBERS Finance Norway: Businesses' harsh judgment on government policy 83 percent of Norwegian companies believe that the government pursues a policy that takes very little or little account of their needs. There is every reason to take this seriously, writes Finance Norway. This is a harsh judgment from those who provide tax revenue and finance a large part of our welfare. Read more (NO)
UK Finance: Regulatory reporting for digital banks
Digital banks come in all shapes and sizes. Some are offshoots of big tech companies, others are fintech startups, and yet others provide banking as a service (BaaS) to non-financial institutions via APIs. UK Finance discusses how they can all stay creative, innovative, and compliant with regulation. Read more
NVB: Application of behavioral insights in services
According to the Dutch Banking Association (NVB), using behavioral insights can help people make better financial decisions. A video of a meeting organized by NVB on the topic is available to discover what applying behavioral insights can bring to banks. Read more (NL) |
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FROM THE INSTITUTIONS ECB: Policy normalization to fight inflation The European Central Bank (ECB) has done a good amount of monetary policy normalization, according to Chief Economist Philip R. Lane. 'We will continue to raise interest rates until weāve reached a level that will make sure inflation comes back to our 2% target in a timely manner,' he says. Read more
ESMA: Amendment to simplify cash penalties process for cleared transactions under CSDR
The European Securities and Markets Authority (ESMA) published a Final Report on amending the regulatory technical standards (RTS) on the Settlement discipline, to simplify the cash penalties process by putting the CSDs in charge of collection and distribution, including CCP-cleared transactions. Read more
BIS: Basel Committee: Details on global systemically important banks
The Basel Committee on Banking Supervision published further information related to its 2022 assessment of global systemically important banks, with additional details to help understand the scoring methodology. As written by the Bank for International Settlements (BIS), further details include global denominators and individual bank indicators. 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
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