EBF MORNING BRIEF Wednesday 26 July 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!
|
|
|
FROM THE MEDIA
Bloomberg: ECB eyes capital charges for banks on leveraged finance
The European Central Bank (ECB) is escalating its crackdown on leveraged finance by preparing to impose higher capital requirements on more lenders, according to people familiar with the matter heard by Bloomberg. The ECB has said leveraged loan surcharges will be removed once the relevant banks address the issues identified. Read more
Reuters: Eurozone firms slash loan demand to lowest on record
Eurozone firms' demand for loans dropped to the lowest on record last quarter and a further decline is likely over the summer as lenders continue to tighten access to credit, the European Central Bank (ECB) said based on a survey of big banks. As reported by Reuters, during the current quarter, banks expect a further drop in loan demand albeit of a "much smaller" scale than in the second quarter. Read more
Finextra: Spanish banks form fraud fighting JV
Banco Santander, BBVA, and CaixaBank have set up a company to bring together anti-fraud initiatives from the banks and develop tools to exchange relevant data. First up, a tool is being built to share information on fraudulent practices and effective response measures while ensuring information remains private and secure, Finextra reports. Read more |
|
MAIN EVENTS World Trade Organization Trade Facilitation Informal Committee For a full-year overview of key financial regulation events: click here |
|
FROM EBF MEMBERS
UK Finance: Collaboration is a cornerstone in the payments industry
The importance of collaboration was a common thread running through the speeches, and indeed the informal discussions, during the UK Finance Payments Summer reception hosted by Deloitte on 20 July 2023. Read more
NVB: Fraudsters pretend to be employees
The Dutch Banking Association (NVB) received warnings that scammers are pretending to be employees of the association. The NVB warns not to share any information or make payments as the Association never contacts customers by mail, telephone, or SMS requesting them to transfer money. Read more (NL)
Febelfin: Worries over a reduction of interchange fee
Febelfin is particularly concerned that the government is seeking to reduce what is called the interchange fee. This interchange fee is one of the three cost components of card payments and in many cases is the lowest cost. Read more (FR) |
|
FROM THE INSTITUTIONS
ECB: Bank lending survey results
Banks further tightened their credit standards, but less so than in the previous quarter. Loan demand fell strongly. Banks tightened lending conditions amid higher levels of concern about NPLs. And a new survey question shows banks are considering climate risks in their lending, the European Central Bank (ECB) reports. Read more
EBA: Banks to issue more debt instruments to counterbalance expected decline in central bank funding
The European Banking Authority (EBA) published its annual funding plans Report, covering 159 banks that submitted their funding plans for a forecast period from 2023 to 2025. The plans show banks’ intentions to increase market-based funding over the forecast period. This changing funding composition is particularly relevant in 2023 and 2024 when high amounts of central bank funding mature (TLTRO) and MREL targets become applicable. Read more
BIS: Annual Report 2022/23
The Annual Report highlights how the Bank for International Settlements (BIS) has helped central banks to navigate the complex policy landscape while enabling and supporting its stakeholders during the year. Read more |
|
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 |
|
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
|
|
|
|
