EBF MORNING BRIEF Tuesday 6 February 2024 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: Financial sector seeks delay in revising sustainability rules
The EU financial sector urged to delay quick fixes to how asset managers label sustainable investment funds. "Associations are concerned about the lack of coordination between these major review projects, which put investorsā confidence in sustainable investment solutions and the reliability of the EU standards for sustainable disclosures at risk," a group including the European Banking Federation (EBF) said in a statement seen by Reuters. Read more
Bloomberg: Deutsche Bank says new ESG rules to trigger divestments
According to Bloomberg, the investment unit of Deutsche Bank will have to divest more than 5% of holdings in some ESG funds in response to new European Union rules set to be implemented this year. Dennis Haensel, head of ESG advisory at DWS Group said that most funds affected by the ESMA rule will face divestments of as much as 3%. Read more
Financial news: EBF Wim Mijs: Brexit was āmutually destructiveā
Can the European Banking Federation (EBF) chief executive and āvoice of bankingā help to bring the continentās lenders together and still have fun after three decades in the sector? In this interview with Financial News, Wim Mijs addresses the impact of Brexit. Read more |
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MAIN EVENTS Council Working Party on the Environment |
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FROM EBF MEMBERS
FBF: The bank as a trusted actor
The French Banking Federation (FBF) and the French Institute of Public Opinion (IFOP) published the results of their study āThe French, their bank, their expectationsā. This survey paints a portrait of the French banking customer, shows their main expectations about the bank, the use they make of it, and reveals their vision of the sector. Read more (FR)
Finance Denmark: Campaign to warn against digital fraud
Finance Denmark is launching a nationwide campaign to warn Danes against becoming victims of digital fraud and raise awareness on identifying criminals. The campaign emphasizes that digital fraud can only be stopped by acting together. Read more (DK) UK Finance: Navigating the financial technology landscape in 2024 The financial landscape teeters on the edge of profound changes from economic shifts, tech advances, and geopolitical influences. As UK Finance points out, AI is the biggest trend, with open banking, payments, and cryptocurrencies adding to this narrative. Read more |
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FROM THE INSTITUTIONS
ECB: Eurosystem's policy response to developments in retail payments
Retail payments are undergoing profound changes that are reshaping the European payments landscape. To face these changes, the European Central Bank (ECB) devised a multi-faceted policy response to ensure the safety and efficiency of the euro retail payments market as well as peopleās continued access to money. Read more EIOPA: Insurance Risk Dashboard The European Insurance and Occupational Pensions Authority (EIOPA) published its February 2024 Insurance Risk Dashboard, which shows that insurersā exposure to market risk is currently at a high level and the main concern for the sector. Macro and digitalization risks are still relevant but have decreased to medium levels. Read more
EP: Recovery and resilience dialogue
According to the European Parliament (EP), member states progress towards milestones and targets in the recovery and resilience dialogue. MEPs are likely to focus their questions on the state of play halfway into the RRF implementation in member states. 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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