EBF MORNING BRIEF Wednesday 11 January 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 Schnabel says rates must rise significantly European Central Bank (ECB) Executive Board member Isabel Schnabel said borrowing costs must be lifted further. As reported by Bloomberg, Schnabel pushed back against complaints that higher borrowing costs complicate Europeās green transition. Read more
Reuters: Banks still need to learn lessons from 2022 crises, BoE says
Banks still need to improve their risk management and learn the lessons from various crises that rocked markets in 2022, regulators at the Bank of England (BoE) said. According to Reuters, the warnings from the BoE echo a similarly cautious message from the euro zone's chief supervisor, the European Central Bank (ECB). Read more
Finextra: Developing trends in the financial sector in 2023
The financial sector is facing several unprecedented challenges as we head into 2023. New technologies, including decentralization, virtual reality, quantum computing, and AI-powered financial advisors could help the sector. This is what Peter Heywood, Regional Leader & Head of Market at ISG writes in a piece published by Finextra. Read more |
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MAIN EVENTS European Banking Authority hearing on the consultation paper on resolvability testing Council Horizontal Working Party on Cyber Issues For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS Finance Denmark: The housing market in 2022 The year 2023 has started well for home buyers with almost 31 percent more houses and 41 percent more condos for sale. At the same time, the offer prices for owner-occupied flats are over 2 percent. This is shown by the latest figures from Finance Denmark. Read more (DK)
AEB: Agreement to promote cybersecurity and financial education
The Madrid City Council and the Spanish Banking Association (AEB) and its Foundation have reached a collaboration agreement to promote financial and digital education for citizens. āThe objective is that devices such as mobile phones and tablets, which are already part of our daily lives, are considered as a tool that makes life easier for us, not as a barrier or a source of risk,ā Alejandra KindelĆ”n, AEB President said. Read more (ES)
UK Finance: Monthly Economic Insight
The first briefing of 2023 rounds up key events at the end of 2022 and takes a look at the emerging data for the final months of the year. UK Finance also takes a look ahead at prospects for the next 12 months. Read more |
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FROM THE INSTITUTIONS
ECB: Monetary policy tightening and the green transition
'The green transition can only thrive with price stability,' says European Central Bank (ECB) Executive Board member Isabel Schnabel. Higher interest rates should not be used as a scapegoat for government delays in implementing prior climate commitments. Read more
BIS: UK monetary policy outlook
Huw Pill, Chief Economist and Executive Director for Monetary Analysis of the Bank of England discussed the UK monetary policy outlook. 'Returning UK inflation to its 2% target on a lasting and sustainable basis is essential,' he says in the speech published by the Bank for International Settlements (BIS). Read more
EC: Launch of EIT Campus
As reported by the European Commission (EC), the European Institute of Innovation & Technology (EIT) has launched the 'EIT Campus', a new initiative to ease access to its broad offer of education and training blending innovation with entrepreneurship. 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.
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