EBF MORNING BRIEF Tuesday 7 February 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 to ‘show its teeth’ to reach price goal, Holzmann says
The European Central Bank (ECB) should actively fight inflation until people feel price stability in their everyday lives, according to Governing Council member Robert Holzmann. “The risk of over-tightening seems dwarfed by the risk of doing too little,” Holzmann told a conference attended by Bloomberg. Read more
Reuters: Lithuania may tax windfall bank profits
Lithuania may introduce a windfall tax on banks if profits continue to soar this year on the back of rising interest rates, the country's central bank governor and Finance Minister Gintare Skaiste said. As reported by Reuters, she added that extra proceeds to the government should be spent on defense. Read more S&P Global Market Intelligence: Eurozone banks braced for liquidity, revenue hit as cheap funding era ends According to S&P Global Market Intelligence, eurozone lenders face holes in interest income, reduced liquidity, and higher deposit and financing costs as the end of the ultra-cheap money era begin. Q4 earnings show the first evidence of the effects of the European Central Bank (ECB)'s decision to hasten repayments due under its stimulus program, known as the third targeted longer-term refinancing operation (TLTRO III). 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 Finland: One size tights never fit all The European Parliament’s Committee on Economic and Monetary Affairs (ECON) voted in January to finalize reforms to the Basel III rules. According to Finance Finland, the ECON Committee’s position does not take national specificities sufficiently into account. Read more
FBF: Relationship banking recognized by the French
The French Banking Federation (FBF) and the French Institute of Public Opinion (IFOP) published the results of their study “The French, their bank, their expectations”. The study describes the usual French banking client and provides insights into the most common banking services and people's vision of the sector in France. Read more (FR)
BPFI: Financially savvy students vie for top spot to represent Ireland at European Money Quiz in Brussels
Banking & Payments Federation Ireland (BPFI) has launched registration for the Irish finals of the 2023 European Money Quiz, Europe’s largest financial education competition for 13 to 15-year-old students involving 28 countries. Students across Ireland are set to go head-to-head in the Irish live online finals on March 14th. Read more |
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FROM THE INSTITUTIONS
ECB: Cash or cashless? How people pay
The latest blog by the European Central Bank (ECB) explores the findings of a survey into how people in the euro area prefer to pay and considers what this means for the future of cash and digital payments. Read more
ESAs meet stakeholders from across the financial sector amid preparations for DORA
The European Supervisory Authorities (ESAs) held a joint technical discussion about the Digital Operational Resilience Act (DORA). The online event gathered over 2,000 representatives from the financial sector and allowed them to engage with regulators, share their views and raise any potential areas of concern regarding the policy mandates the ESAs have to develop over the course of 2023 and 2024. Read more
EIOPA: Insurers’ use of climate-related adaptation measures in non-life underwriting practices
The European Insurance and Occupational Pensions Authority (EIOPA) published a report on insurers’ inclusion of adaptation measures to climate change in their non-life underwriting practices. The report is the outcome of a pilot exercise on impact underwriting conducted with 31 volunteering insurance undertakings from 14 European countries. Read more |
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FROM THE EBF EBF: Position on Proposal for Instant Payment Regulation The European Banking Federation (EBF) has published its position on the Commission’s proposal for Instant Payments Regulation. Instant payments are an important building block of the future payments landscape, with the potential to contribute innovative digital payments. The EBF position highlights that a balanced and proportionate legal framework that will support the market on the continued roll-out and development of instant payments in Europe is needed. Read more
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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