EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 26 June 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: EU banks expand risk scenarios with climate change
European banks are building out their risk models to better prepare for the fallout from climate change, as reported by Bloomberg. New areas of concern include business liquidity as well as interest-rate risk in the banking book. Read more
FT: SNB calls for overhaul of banking regulations
The Swiss National Bank (SNB) has called for a review of banking regulations as it warned that existing global rules on capital and liquidity do not safeguard systematically important lenders from collapse. According to the Financial Times (FT), the report proposes that Swiss banks set a higher minimum level of assets. Read more
Reuters: BoE hikes rates to 5% in a surprise move
The Bank of England (BoE) raised interest rates by a bigger-than-expected half a percentage point after it said there had been "significant" news suggesting British inflation would take longer to fall, Reuters reports. Read more |
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FINANCIAL REGULATION AGENDA for next week Monday 26 June
Tuesday 27 June European Parliament Subcommittee on Tax Matters
Wednesday 28 June
Thursday 29 June
Friday 30 June For a full-year overview of key financial regulation events: click here |
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REGISTRATION OPEN How do European banks prepare for their ESG reporting in line with Pillar 3, Green Asset Ratio? |
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Climate change continues to take centre stage on the European regulatory agenda. In this webinar we will discuss how these regulations impact European banks and their clients and what are the challenges. Join our panellists as they discuss: What are the Pillar 3 disclosure requirements and the Green Asset Ratio? How are Pillar 3 and Green Asset Ratio reporting impacting banks and how are they preparing? How do international initiatives like the Net-Zero Banking Alliance and existing legislation (e.g., CSRD, SFDR) interact and how does this impact banksâ reporting? How is ESG likely to evolve, what challenges lie ahead, and how can they be overcome? |
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FROM EBF MEMBERS
Febelfin: What you need to know about payments abroad
Holidays are fast approaching and for many, this is synonymous with prospects for traveling abroad. Febelfin shares knowledge and tips about payments abroad. Read more (FR)
NVB: Revised Code of Conduct for Small Business Financing
Small business entrepreneurs are given the opportunity to come into personal contact with the bank at every stage of the financing process where necessary. This is an important change in the revised Code of Conduct for Small Business Financing (GKF) that takes effect on 1 July, writes the Dutch Banking Association (NVB). Read more (NL)
ABBL: Proposal for new rules on withholding tax procedures in the EU
The European Commission has released a proposal for a Council Directive on Faster and Safer Relief of Excess Withholding Taxes. As reported by the Luxembourg Bankers Association (ABBL), the new rules would introduce new requirements for financial intermediaries acting as Certified financial intermediaries. Read more |
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FROM THE INSTITUTIONS
ECB: Central clearing in turbulent times
Central counterparties must adapt their risk management strategies in the face of heightened economic and financial uncertainty, says European Central Bank (ECB) Executive Board Member Fabio Panetta. Public authorities must also consider adjusting the related regulatory and oversight framework. Read more
BIS: Sharon Donnery: climate risks and the banking sector
Sharon Donnery, Deputy Governor of the Central Bank of Ireland discussed ESG integration in the banking sector in a speech published by the Bank for International Settlements (BIS). "For banks, this means focusing on how you integrate climate and environmental risk into your business models, strategies, and risk management practices," he says. Read more
EC: President von der Leyen: Summit for a New Global Financing Pact
We need a new Global Financing Pact. The EU is ready to play its part with Global Gateway. "Global Gateway is of course a de-risking for private capital, and this is creating a conducive environment for private investors," Ursula von der Leyen, President of the European Commission (EC) said. Read more |
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FROM THE EBF this week 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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