EBF MORNING BRIEF Wednesday 17 May 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
OUR NEWSLETTER TAKES A SHORT BREAK! We will be back on Tuesday 23rd of May!
Looking forward to seeing you soon for new events and stories
in the financial and banking sector |
|
FROM THE MEDIA Bloomberg: EU to ease burden for banks dealing with wealthy clients The EU executive arm is planning to propose making it easier for banks to advise affluent clients as part of a sweeping overhaul of investment rules in the bloc. A draft document obtained by Bloomberg would reduce the criteria for being classified as a professional investor to having wealth of €250,000. Read more
FT: French authorities seek €2.5bn from banks over tax fraud probe
The French government is seeking to recover €2.5bn in back taxes from banks, over a scheme they are alleged to have used to avoid taxes linked to dividend payments. The French Banking Federation has filed a lawsuit to force tax authorities to define what dividend arbitration strategies require tax payments, the Financial Times (FT) reports. Read more
Reuters: Central banks have lost a degree of trust
Central banks have lost a degree of trust and need to rebuild it by explaining their decision-making to a wider audience and not just financial markets, European Central Bank (ECB) governing council member Gabriel Makhlouf said as heard by Reuters. Read more |
|
MAIN EVENTS Wednesday 17 May Thursday 18 May Friday 19 May For a full-year overview of key financial regulation events: click here |
|
FROM EBF MEMBERS
FBF: French banks heading the fight against fraud
French banks have shared 13 recommendations on fraud which should make it possible to simplify reimbursement, strengthen the fight against it and raise consumer awareness. For Maya Atig, Managing Director of the French Banking Federation (FBF): 'The security of customer data and funds is a top priority for banks'. Read more (FR)
ABBL: Conference on DORA: key points
The Luxembourg Bankers' Association (ABBL) organized an event around the recently adopted Digital Operational Resilience Act (DORA) to discuss the scope of the application, the upcoming advocacy activities, and how to get ready. Read more
Finance Denmark: Investors seek security in Danish bond funds
Although more calm has fallen over the markets, investors continue to withdraw from the riskier foreign bond funds and instead seek safe harbor in short and long Danish bond funds. This is shown by new figures from Finance Denmark. Read more (DK) |
|
FROM THE INSTITUTIONS
ECB: The effects of high-inflation
Inflation affects people differently. The latest Economic Bulletin by the European Central Bank (ECB) shows that lower-income households suffer more from rising prices but fiscal support has alleviated some of the effects of high inflation. Read more
EBA: Holdings of eligible liabilities issued by G-SIIs and O-SIIs
The European Banking Authority (EBA) published a Report on the holdings by EU banks of minimum requirement for own funds and eligible liabilities (MREL) instruments issued by the most systemic European banks. Read more
SRB: Resolution Planning Cycle Booklet 2023
The Single Resolution Board (SRB) has published its Resolution Planning Cycle Booklet for 2023. Resolution planning is about being prepared to deal with failing banks in a controlled way, in order to protect taxpayers and keep providing critical functions to the economy while preserving financial stability. Read more |
|
FROM THE EBF
EBF: European Money Quiz back in Brussels to boost financial literacy
For the first time since 2020, students from 28 European countries joined us in Brussels for the finals of the European Money Quiz, the annual international financial literacy competition hosted by the European Banking Federation (EBF). More than 37,504 teenagers across Europe played the quiz with finalists from Greece, Poland, and Portugal taking the 2023 podium. Read more
EBF Analysis: Derivatives Clearing – Review of the European Market Infrastructure Regulation and accompanying changes to other Regulation and Directives (EMIR/CRR/MMFR and UCITD/CRD/IFD)
The European Banking Federation (EBF) welcomes the legislative package set forth in the communication by the European Commission “A path towards a stronger EU clearing system’’ of December 7th, 2022 to support the development of a better integrated and more attractive clearing landscape in the EU. 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
|
|
|
|
