EBF MORNING BRIEF Wednesday 17 November 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: Banks are ‘catalyst’ in the journey to a zero-carbon economy, HSBC says
Banks will play a key role in helping drive a reduction in carbon emissions through advising clients on how best to address their environmental footprint, a senior executive at HSBC says. According to Bloomberg, regulators are pushing the financial industry to get to grips with risks from climate change, prompting banks to seek more data on the environmental impact of their clients. Read more
Reuters: Europe's planned rival to Visa and Mastercard appeals for public funding
According to Reuters, a planned pan-European payments network backed by 22 banks to compete with U.S. duo Mastercard and Visa appealed for public money, saying its private backers were not prepared to stump up all the cash needed. Read more
EU Observer: Will the EU stop its investment bank from hiding a third of its lending?
The European Investment Bank (EIB) has published a new draft of its transparency policy that would allow it to continue keeping one-third of its lending secret and hiding decision-making from public scrutiny, EU Observer reports. Read more |
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MAIN EVENTS European Securities and Markets Authority Board of Supervisors meeting Council Horizontal Working Party on Cyber Issues
For a full-year overview of key financial regulation events: click here
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COMING TOMORROW! EBF Digital Thursdays 2021 |
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| | On Thursday, join EU regulators, private experts, and stakeholders to discuss CDBCs and payments. Experts will explore how CBDCs issuance would change the role of central banks and the banking system overall while providing insights on different CBDCs projects that are underway and touching on the potential integration of a digital euro into the European payments landscape. Watch the video and meet our speakers! |
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SECURE NOW YOUR VIRTUAL SEAT! |
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FROM THE EBF MEMBERS
Febelfin: Campaign to encourage users to act versus the crooks
The Belgian Center for Cybersecurity (CCB), Febelfin, and the Cyber Security Coalition launched an awareness campaign on the dangers of phishing. This type of online scam is gaining ground and continues to claim many victims, among businesses, organizations, and individuals alike. Read more (FR)
SBA: Militia activity as a Swiss recipe for success
The Swiss political system benefits from the participation of the entire population. That is a finding of the podcast “Voices of the financial center” by the Swiss Bankers Association (SBA) on the subject of militia activities. Read more (DE)
CBA: Mortgage interest rates continue to rise, interest in mortgages persists
Interest in mortgages persists, despite a gradual rise in interest rates. In October, banks provided mortgage loans in the total amount of over CZK 40 billion. This follows from the Czech Banking Association (CBA) Hypomonitor data. Apart from official CNB statistics, this is the only market indicator that contains data from all domestic banks. Read more (CZ) |
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FROM THE INSTITUTIONS
ECB: Rising vulnerabilities
A mix of policy measures has helped reduce near-term risks to financial stability, says European Central Bank (ECB) Vice-President Luis de Guindos. However, vulnerabilities, including elevated debt levels as well as stretched valuations in financial and real estate markets, will increase in the medium term. Read more
Council of the European Union: European Green Bonds
The Council of the European Union has outlined its agenda for the meeting of the Working party on financial services and the banking union on 23 November. It will discuss the European Green Bonds proposal. Read more
BIS: Principles for the effective management and supervision of climate-related financial risks
The Basel Committee on Banking Supervision invites comments on a consultative report into the management and supervision of climate-related financial risks. The document titled "Principles for the effective management and supervision of climate-related financial risks" has been published by the Bank for International Settlements (BIS). Read more |
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FROM THE EBF
EBF on the EU Platform’s Preliminary Recommendations for Technical Screening Criteria for the EU Taxonomy
The EBF welcomes the work being done by the EU Platform on Sustainable Finance to define the Technical Screening Criteria for the remaining environmental objectives of the Green Taxonomy. In this paper, EBF shares the key messages and suggestions. Read more
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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