EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 6 February 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
Reuters: Banks call EU to cost plans to grab euro clearing from London
Asset managers, hedge funds, and banks called on the EU to properly cost its plans to force market participants to shift derivatives clearing business from London to mandatory accounts in the bloc. As reported by Reuters, they added that a strategy based on organic growth and market-driven solutions would best support the competitiveness of EU clearing houses in a global clearing marketplace. Read more
POLITICO: ECB lifts rates by 0.5% points, pledges repeat in March
The European Central Bank (ECB) raised interest rates by 0.5 percentage points taking the key deposit rate to 2.5 percent and it intends to raise rates by the same magnitude in March, POLITICO reports. The ECBâs announcement comes on the heels of a similar move by the Bank of England. Read more
S&P Global Market Intelligence: Santander banks on Europe to drive double-digit revenue growth for group in 2023
The impact of rising interest rates and improving performance across Banco Santander's businesses in Europe will help the bank achieve a double-digit increase in revenues in 2023, chair Ana BotĂn said. The bank's European NII grew by almost 19% to âŹ12.57 billion in 2022, S&P Global Market Intelligence data shows. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 6 February
Tuesday 7 February
Wednesday 8 February
Council Horizontal Working Party on Cyber Issues Council Trade Policy Committee â Experts (Services and Investment) Thursday 9 February Council Working Party on Tax Questions (Indirect Taxation) Friday 10 February For a full-year overview of key financial regulation events: click here |
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FROM EBF MEMBERS
BPFI: Fernando Vicario appointed Chair of the Federation of International Banks in Ireland
Fernando Vicario, CEO of Bank of America Europe and Country Executive for Ireland has been appointed Chair of the Federation of International Banks in Ireland (FIBI) for a two-year tenure. FIBI is the international banking division of Banking & Payments Federation Ireland (BPFI). Read more
BdB: ECB stays on course
"The European Central Bank (ECB) is continuing its clear course against inflation in the euro area. Today's interest rate decision decisively strengthens confidence in the course of the ECB," says Henriette Peucker, Deputy Chief Executive at the Association of German Banks (BdB). "The emerging decline in inflation rates is encouraging, but it would be premature to interpret this development as the all-clear," she added. Read more (DE)
Finance Denmark: Historically expensive firing season is not over yet
While the price of energy has apparently stopped skyrocketing, heating bills for the current season will remain significantly higher than before the war in Ukraine began. This is what a new analysis from Finance Denmark shows. Read more (DK) |
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FROM THE INSTITUTIONS
ECB: Monetary policy statement at a glance
The European Central Bank (ECB) has raised interest rates by 0.5 percentage points. Besides, the ECB will start to reduce the large amounts of bonds bought under the asset purchase program over the last few years. Read more
ESMA: Opinion on the trading venue perimeter
The European Securities and Markets Authority (ESMA) has published the Final Report on the Opinion on the trading venue perimeter, providing guidance on when specific systems and facilities qualify as multilateral and therefore should seek authorization as a trading venue. The opinion builds on the MiFID II definition of multilateral systems and clarifies how to interpret the elements of the definition. Read more
EC: EU support and sectorial cooperation with Ukraine
The President of the European Commission (EC), Ursula von der Leyen, and the College of Commissioners have traveled to Kyiv and sent a strong signal of the EU's unwavering commitment to stand by Ukraine for as long as it takes. In this framework, the Commission and Ukraine signed its association with the Single Market Programme. 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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