EBF MORNING BRIEF Tuesday 29 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA Bloomberg: ECB must hike even as economy weakens into 2023 European Central Bank (ECB) President Christine Lagarde said borrowing costs will continue to rise even as economic activity slows down in the face of record inflation. As reported by Bloomberg, Lagarde said high uncertainty, tighter financial conditions and softening global demand are weighing on growth, which is “expected to continue weakening for the remainder of this year and the beginning of next.” Read more
Reuters: EU Banks face tougher rules on using cloud computing giants
Financial firms in the EU will have to show how quickly they could recover from a cyber attack as they rely more for key services on 'cloud computing' giants such as Amazon, Microsoft, Google, and IBM. According to Reuters, regulators worry about the speed and scale at which banks, insurers, and investment firms are moving critical functions and market operations onto a handful of cloud platforms. Read more
S&P Global Market Intelligence: Loan, deposit growth slows across Europe as recessionary fears mount
Lending and deposit growth slowed across Europe during the third quarter, reflecting tighter credit conditions and the deteriorating economic outlook. The impact was felt most keenly in the mortgage segment, says S&P Global Market Intelligence. Read more |
|
MAIN EVENTS Suade RegTech Forum 2022 (Gonzalo Gasos, EBF Senior Director of Prudential Policy and Supervision speaking) For a full-year overview of key financial regulation events: click here |
|
FROM EBF MEMBERS
Finance Norway: No basis for tightening of banks' capital requirements
The banks' capital level is now high enough to withstand severe setbacks in the Norwegian economy, and there is no basis for a further tightening of capital requirements. Finance Norway highlights this in a consultation sent to the Ministry of Finance. Read more (NO)
UK Finance: Global capital markets: the insights behind the numbers
UK Finance and EY will work together to identify and explore the key drivers behind the utilization and competitiveness of UK capital markets. They plan to conduct a deep insight survey, with interviews across the capital markets eco-system. Read more
Finance Latvia: European Retirement Week
On Monday, the activities of the European Retirement Week began in Latvia. During this week, the partners in Latvia have planned to talk more actively about the need for savings in social networks and media. As reported by Finance Latvia, the aim is to draw attention to the importance of saving especially among young people. Read more (LAT) |
|
FROM THE INSTITUTIONS ECB: Hearing at the European Parliament European Central Bank (ECB) President Christine Lagarde spoke before the Committee on Economic and Monetary Affairs and answered questions from its members. At the hearing, she addressed the global monetary policy cycle and inflation differentials. Read more
ESMA: Standards for benchmark administrator applications
The European Securities and Markets Authority (ESMA) published a Final Report on the review of the regulatory technical standards (RTS) on the form and content of applications for recognition by non-EU benchmark administrators and consultation on amendments to the RTS on the information that EU benchmark administrators need to provide in applications for authorization and registration. Read more
SRB: New SRB Chair & new Board Member
The Single Resolution Board (SRB)'s next Chair was officially appointed by the Council of the EU. He is Dominique Laboureix, the current head of France’s national supervisory and resolution authority for banks and insurance undertakings. Meanwhile, Tuija Taos, the Director-General of the Finnish national resolution authority will join the SRB in March next year as Director for Resolution Planning and Decision. Read more |
|
FROM THE EBF
EBF welcomes new member: the Association of German Public Banks
The EBF has welcomed the Association of German Public Banks (VÖB) as an adherent member. VÖB represents 62 member banks, including the Landesbanken and the promotional and development banks on the federal and regional levels. Read more
Christian Sewing appointed as new EBF President
The European Banking Federation takes great pride in announcing Christian Sewing, Chief Executive Officer at Deutsche Bank as its next President. He will succeed Ana Botín, Group Executive Chair at Banco Santander SA, who will conclude her two-year term in February next year. Read more
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
|
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 |
|
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
|
|
|
|
