EBF MORNING BRIEF Wednesday 21 June 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
Reuters: ECB calls on lenders to manage risk from shadow banks
As reported by Reuters, shadow banks are growing across the eurozone. This represents a risk to the entire financial system, requiring lenders to be more stringent when dealing with such entities, European Central Bank (ECB) supervisor Andrea Enria said. Read more
Bloomberg: Deutsche Bank applies for digital asset license
Deutsche Bank has applied for regulatory permission to operate a custody service for digital assets such as cryptocurrencies. According to Bloomberg, the move is part of a wider strategy to increase fee income at Deutsche Bank’s corporate bank. Read more
Finextra: European banks hit by Russian hackers
A gang of pro-Russian hacktivists has claimed credit for a series of attacks on the IT systems of banks and financial institutions across Europe, Finextra reports. The group claims to have targeted the inner workings of the European Investment Bank (EIB) which has confirmed that it has been the victim of an attack. Read more |
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MAIN EVENTS -
Council Horizontal Working Party on Cyber Issues -
Council Trade Policy Committee — Experts (Services and Investment) -
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EU Digital Summit 2023 -
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For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
BPFI: Housing Market Monitor Q1 2023
The latest Housing Market Monitor Q1 2023 by Banking & Payments Federation Ireland (BPFI) shows that increasing housing supply has moderated price rises, with figures indicating that annual housing price inflation has been declining since its peak at over 15% in March 2022. Read more
UK Finance: Interest-only mortgage book still shrinking, but path ahead will be slower
UK Finance released its latest annual update of data on the size and profile of the stock of outstanding interest-only mortgages in the UK. Read more
Finance Denmark: Condominiums keep the price
Despite the fact that the sellers have lowered the price of their home and have had to wait longer for a buyer, in the past six months they have still gotten the same money out of the deal. This is because smaller discounts have been given compared to the tender price, the latest figures from Finance Denmark show. Read more (DK) |
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FROM THE INSTITUTIONS
EBA: Opinion on measures to address macroprudential risk following notification by the Swedish Financial Supervisory Authority
The European Banking Authority (EBA) published an Opinion following the notification by the Swedish Financial Supervisory Authority, Finansinspektionen, of its intention to introduce a new measure in accordance with Article 458 of Regulation (EU) No 575/2013. Read more
BIS: Annual Economic Report 2023
The Bank for International Settlements (BIS) pre-released a special chapter of its annual economic report. It lays out a blueprint for the future monetary system underpinned by central bank digital currency, thus opening up a new era in the joint development of the monetary system and the economy. Read more
ECB: Euro area monthly balance of payments: April 2023
How did the euro area current account balance evolve in April? How does it compare with the same month a year earlier? The European Central Bank (ECB) published relevant data on this in its latest press release. 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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