EBF MORNING BRIEF Wednesday 27 September 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: EU banks largely comply with 'Basel Endgame', EBA says
Banks in the EU already largely meet stricter global capital requirements ahead of a 2028 deadline, with the shortfall now down to 600 million euros, the European Banking Authority (EBA) said. As reported by Reuters, the EBA published the results of its monitoring exercise of 157 banks across the EU at the end of 2022. Read more
Bloomberg: ECB should discuss PEPP sooner rather than later: Simkus
European Central Bank (ECB) Governing Council member Gediminas Simkus said officials should begin discussing whether to make changes to their pandemic bond-buying program (PEPP). "Any decision on PEPP must be carefully assessed before it’s taken,” Simkus told Bloomberg reporters. “But this doesn’t mean we can’t start talking about it now.” Read more
FT: Asset managers turn to ‘green hushing’ on sustainable funds
Asset managers have been dropping the word “sustainable” from the names of funds in response to increasing regulatory and reputational concerns. According to the Financial Times (FT), there were 612 renaming events between January and June 2023. Read more |
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FROM EBF MEMBERS
Febelfin: BEAMA joins Wo.Men in Finance Belgium
According to Febelfin, BEAMA is pleased to announce its recent membership in Wo.Men in Finance Belgium, an organization committed to promoting gender diversity and equality within the financial sector. As a leading representative of the asset management sector, BEAMA aims to actively participate in this important initiative. Read more
FBF: Study on energy renovation work by owners, encouraging figures
The French Banking Federation (FBF) unveiled the results of an exclusive study involving more than 5,600 homeowners on their energy renovation work. This study provides a diagnosis of the type and budget of the work, the obstacles that remain, but also the main factors that made it possible to carry them out. Read more (FR)
BdB: Economic forecast for Germany
"We expect economic output in Germany to decline slightly in the second half of 2023. On an annual average, gross domestic product will thus fall by 0.5 percent. This is also due to a still ongoing phase of weakness in the global economy," says Heiner Herkenhoff, Chief Executive of the Association of German Banks (BdB). Read more (DE) |
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FROM THE INSTITUTIONS
ECB: Banks’ capital distributions and implications for monetary policy
The European Central Bank (ECB) published an overview of banks’ capital distributions and implications for monetary policy. Since the end of the most acute phase of the pandemic, banks in the eurozone have distributed capital at a rapid pace, data shows. Read more
EBA: The second mandatory exercise on Basel III full implementation shows a significantly reduced impact on EU banks with shortfalls nearly fully absorbed
The European Banking Authority (EBA) published its second mandatory Basel III Monitoring Report which assesses the impact that Basel III full implementation will have on EU banks in 2028. According to this assessment, in terms of minimum Tier 1 capital, the impact has significantly decreased in relation to December 2021. Read more
EIOPA: Interview with Petra Hielkema, Chairperson of EIOPA
Petra Hielkema, Chair of the European Insurance and Occupational Pensions Authority (EIOPA) talks to Svijet Osiguranja about macroeconomic environment, insurance protection gaps, pensions, Solvency II, and cooperation with the non-EU supervisors. 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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