EBF MORNING BRIEF Wednesday 17 February 2021 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: Amsterdam is where itās at. Can Paris, Frankfurt stop it? The Dutch city is clocking some early successes in the contest to become the EU's new financial capital, writes Bloomberg Opinion Columnist Chris Hughes. Read more
Risk.net: A European watchdog with more bark than bite
The European Central Bankās soft approach could be storing up trouble for the future, writes Risk.net's Louie Woodall. Read more
S&P Global Market Intelligence: Euronext sets new financial goals
Euronext NV expects to be able to close the acquisition of Borsa Italiana SpA from the London Stock Exchange Group PLC in the first half of 2021 and release new medium-term financial targets for the group in the fourth quarter, CEO StƩphane Boujnah said Feb. 10, S&P Global Market Intelligence reports. Read more |
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MAIN EVENTS today FinDaTex Steering Group meeting ECB-EBF Off-site inspections virtual workshop Global Coalition to Fight Financial Crime virtual meeting For a full-year overview of key financial regulation events: click here |
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FROM THE EBF MEMBERS
BPFI: Capital requirements trapped at financial crisis level Banking and Payments Federation Ireland (BPFI) underlines that capital requirements for Irish banks are trapped at financial crisis levels, driving up the cost of lending and mortgages. Banks in Ireland are required to hold three times more capital for mortgages than European counterparts despite a vast increase in higher quality loans. Read more Bankenverband: Financial market issues during the German Presidency Andreas Krautscheid, Managing Director of the Association of German Banks (Bankenverband), comes back on the turbulent times faced by the German Presidency and its unprecedented efforts to master the corona epidemic at European level. Read more (DE) ABI: More flexible rules against Covid impact The Italian Banking Association (ABI) and the German Banking Industry Committee (Gbic) ask European institutions to reshape the path towards the Banking Union, to rethink regulation about the finalization of Basel III in Europe and to adjust the treatment of non-performing loans (NPL) in light of the current economic scenario. Read more (IT) |
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FROM THE INSTITUTIONS
SRB's Elke Kƶnig two-tiered capital markets banking system
The Single Resolution Board (SRB) has published Elke Kƶnig's speech on the priorities for the SRB and the outlook for the financial sector. Kƶnig highlights that the Union must focus on completing the Banking Union, especially the common deposit protection scheme. Read more
ESRB: Implications of support measures to protect the real economy
The European Systemic Risk Board (ESRB) has published a report highlighting the financial stability implications of support measures to protect the real economy from the COVID-19 pandemic. Read more
EU-UK FS Relations: Keynote by Commissioner McGuinness The European Commission has published the keynote speech by Commissioner McGuinness at the FT European Financial Forum. On Brexit, she emphasised that āUK is now a third country, with all the consequences that brings.ā Read more |
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FROM THE EUROPEAN BANKING FEDERATION
Capital Market Union Action Plan: EBF High-Level Position The EBF welcomes the five-year Capital Market Union (CMU) action plan published by the European Commission (EC) in September 2020. The EBF agrees with the EC that the development of the European Unionās (EU) financial markets is key to finance the green recovery and the digital transformation of the EU. While the EBF has always been an active supporter of EU capital markets, the health crisis and the economic recovery make the CMU project even more necessary than before. With limited access to the UK since 1 January 2021, the EU needs to become autonomous and to offer competitive alternatives to corporates and investors. Read more Annex |
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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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