EBF MORNING BRIEF Wednesday 18 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
Finextra: EU finance ministers take stock of digital euro
The Eurogroup has waded into the debate about the digital euro, insisting that the new currency be seen as a complement to cash with full legal tender status and a high degree of privacy. As reported by Finextra, EU governors suggest a risk-based approach could be followed to allow for more privacy in the case of less risky transactions. Read more
FT: Philip Lane: ‘We haven’t seen “normal” in Europe for a long time’
In its ‘Economists Exchange’ series, the Financial Times (FT) has interviewed Philip Lane, European Central Bank (ECB)’s chief economist. Besides discussing monetary policy, Lane also addressed the potential risks of financial instability by saying that the ECB 'will be keeping a perpetual eye on financial fragility'. Read more
Bloomberg: ECB is pondering slower hikes after half point in February
European Central Bank (ECB) policymakers are starting to consider a slower pace of interest-rate hikes, according to officials with knowledge of their discussions heard by Bloomberg. However, they stressed that no decisions have been taken and policymakers may still deliver the half-point move for the March meeting. 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 Denmark: Update of the financial sector's CO2 model The financial sector's CO2 model has been updated for the third time, Finance Denmark reports. The model recommends how to take account of investments and lending for activities that contribute to reducing or removing CO2 from the atmosphere in its climate footprint reporting. Read more (DK)
Finance Finland: Insurers develop their social sustainability
The Geneva Association has published a report that puts forward a framework for insurers to assess their social footprint. According to Finance Finland, the report highlights insurance’s abundant, inherent social benefit in providing financial stability and peace of mind to people and businesses. Read more
Finance Norway: Healthier credit card use in 2022
Data on the total consumer debt in 2022 indicates that the introduction of debt registers has made people more aware of their consumer debt and credit card habits. Finance Norway is now waiting for a change to ensure the mortgage-secured debt is also covered by the regulations. Read more (NO) |
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FROM THE INSTITUTIONS ECB: The economic outlook and monetary policy European Central Bank (ECB) Executive Board member Philip R. Lane provides his latest assessment of the economic outlook and the ECB’s monetary policy in a discussion for the Financial Times' Economists Exchange feature. Read more
ESMA: Costs of retail investment products continue slow decline
The European Securities and Markets Authority (ESMA) publishes its fifth annual report on the costs and performance of EU retail investment products. In the report, ESMA finds that the costs of investing in the most important retail financial products continued to decline, albeit at a very slow pace. Read more
EIOPA: Insurance and pension products rode the market rebound and offered high returns in 2021
The European Insurance and Occupational Pensions Authority (EIOPA) published its Costs and Past Performance Report, which provides an overview of the returns and costs of insurance and pensions products in 2021. The report aims to improve transparency, facilitate comparisons between products and enhance the EU’s Capital Markets Union. Read more |
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FROM THE EBF
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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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