EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 13 November 2023 An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, brought to you by the European Banking Federation Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA
Bloomberg: Banks turn to fee business as EU rate boom looms ends
Europe’s banks are boosting investments in their fee-generating units as they prepare for the expected end to the massive tailwind they’ve been enjoying from interest-rate hikes. Boosting fee income will be “a focus point of our growth initiative” for the next several years, Commerzbank’s Chief Financial Officer Bettina Orlopp told Bloomberg. Read more
FT: ECB makes case for keeping balance sheet big
The European Central Bank (ECB) must avoid shrinking its balance sheet too much, Central bank’s chief economist Philip Lane said, warning this could impair lending and threaten financial stability. Making the case for keeping a larger balance sheet, Lane said reducing reserves too aggressively could leave commercial banks vulnerable to the “spillover” from a liquidity crisis at non-bank financial institutions, the Financial Times (FT) reports. Read more
S&P Global Market Intelligence: New green bond standard in Europea to divide market
The green bond market in Europe is likely to skew in favor of banks and other larger issuers when a newly adopted European standard takes effect. According to S&P Global Market Intelligence, smaller companies could struggle to issue green bonds that comply with the standard, tilting favor to those with greater resources. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 13 November
Council Working Party on Tax Questions (Direct Taxation) Council Horizontal Working Party on Cyber Issues
Tuesday 14 November
Council Working Party on Tax Questions (Indirect Taxation) Swiss National Bank (SNB), the Bank for International Settlements (BIS), and the Division of International Finance of the Federal Reserve Board (FRB) ‘Global Risk, Uncertainty,and Volatility’ third high-level conference European Economic and Social Committee (EESC) ‘Trade and Sustainable Development’ civil society forum
Wednesday 15 November
Thursday 16 November
Friday 17 November
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FROM EBF MEMBERS
NVB: European cooperation for cyber resilience of banks
To ensure the security of banking services and payment systems, it is key that banks are resilient to cyber-attacks. This requires good cooperation between private and public institutions. With that goal in mind, the Dutch Banking Association (NVB) with the National Cyber Security Center of the Netherlands (NCSC-NL) is organizing the European Financial Institutes Information Sharing and Analysis Center. Read more (NL)
Febelfin: Stimulating financing solutions for energy efficiency
Febelfin, VVSG, Wattson, Embuild, The Shift, and Idea Consult are joining forces to establish a permanent round table on financing energy efficiency and renewable energies. By bringing together private and public actors, the consortium aims to stimulate eco-energetic investments in private homes, SMEs, public buildings, and industry in Belgium. Read more
BdB: Final sprint 2023: a quick check of finances
We're already in the run-up to Christmas. The German Banking Association (BdB) has put together four tips to help you end 2023 on a financially successful note. Read more (DE) |
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FROM THE INSTITUTIONS
ECB: The risk of de-anchoring expectations
"We need to avoid de-anchoring inflation expectations, as this could lead to otherwise unnecessary additional tightening of our monetary policy stance," European Central Bank (ECB) Vice-President Luis de Guindos tells Slovenian newspaper Finance. Read more
EBA: Guidelines on complaints handling by credit services
The European Banking Authority (EBA) launched a public consultation on its draft Guidelines on complaints handling by credit servicers under the Credit Servicers Directive (CSD). The proposed Guidelines suggest applying to credit servicers the requirements of the existing Joint Committee Guidelines on complaints handling. Read more
ESMA: Cyber risk as a new Union Strategic Supervisory Priority
The European Securities and Markets Authority (ESMA) is changing its Union Strategic Supervisory Priorities to focus on cyber risk and digital resilience alongside ESG disclosures. EU will emphasize reinforcing firms’ ICT risk management through close monitoring and supervisory actions, building new supervisory capacity and expertise. 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.
For questions or suggestions contact v.barbieri@ebf.eu
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