EBF MORNING BRIEF Wednesday 27 January 2021 Good morning. Here are today's 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: EU sustainable investment rules need better corporate data European Union rules aimed at defining sustainable investments should help reduce “greenwashing” by businesses, but better quality corporate data is needed to ensure they work effectively, writes Reuters. The outlet also reports the European Commission may recalibrate its planned “taxonomy” or guide for people that want to invest in climate-friendly assets after a huge public response. DisruptionBanking: Brexit fallout: how is ‘Bankfurt’ doing? Frankfurt’s post-Brexit job-creation numbers - so far - are fewer than half the amount foreseen, reports DisruptionBanking. Promotional body Frankfurt Main Finance believes its city will ultimately come out on top when judged against other Brexit-buoyed European financial capitals such as Paris, Dublin and Amsterdam. Read more FT: UniCredit chooses Andrea Orcel as chief executive UniCredit has chosen high-profile dealmaker Andrea Orcel as its new chief executive and could announce the move as soon as this week, the FT reports. Read more (€) |
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EU TAXONOMY FOR SUSTAINABLE ACTIVITIES Join us for two in-depth sessions 27 January |
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Join us this afternoon for two in-depth sessions exploring what it takes for banks to apply the EU Taxonomy to core banking products. REGISTER |
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MAIN EVENTS today EBF - UNEP FI event: Testing the Application of the EU Taxonomy to core banking products. Registration EBF Executive Committee meeting AML Europe Platform: Preventing money laundering and terrorist financing In Search of a Fitting Monetary Policy: The ECB's Strategy Review, Bruegel event |
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FROM THE EBF MEMBERS
BPFI: December sees record month for contactless payments December was another record month for contactless payments with the monthly value surpassing €1 billion for the first time, according to the latest figures published today by Banking & Payments Federation Ireland (BPFI). Over €36 million was spent per day using contactless in December. Read more NVB Chairman: 'Reinforcement of the business climate necessary' The policy of the European Union is more geopolitical than ever. 'Open autonomy' is the guiding principle here. In order to achieve that goal, 'strengthening the business climate in the EU and the Netherlands is necessary,' said chairman Chris Buijink of the Dutch Banking Association today during the first (online) meeting in the new year of the Foreign Bankers' Association in the Netherlands. Read more (NL) FBF: Guide on dealing with bank fraud As part of its financial education programme, the French Banking Federation (FBF) offers a guide to banking fraud which gives an overview of the main types of fraud, the reflexes to adopt when you think you are a victim of it and the terms of reimbursement if necessary. Discover the guide here (FR). |
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FROM THE INSTITUTIONS McGuinness: Recovery package vital for resilient financial system During a session of the Committee on Economic and Monetary Affairs (ECON), Commissioner Mairead McGuinness highlighted that a recovery package was vital for ensuring a strong, open and resilient economic and financial system in the EU based on solid market infrastructures. She noted a legislative proposal for the CMU would be produced by the Commission over the coming year. ECB sets up team to oversee climate policies The European Central Bank (ECB) has announced it has set up a ‘climate change centre’ reporting directly to president Christine Lagarde that will coordinate work on sustainable finance, reports ENDS Europe. Read more
Banking Union WP agenda published
The Council of the European Union has outlined the provisional agenda for the informal videoconference of the members of the Ad Hoc Working Party on the Strengthening of the Banking Union on 02 February. They will discuss the proposal to establish a European Deposit Insurance Scheme, as well as the Commission communication ‘Towards the completion of the Banking Union". 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. The EBF 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. |
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