EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 29 November 2021 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! |
|
EBF and S&P Global: A NEW DAWN FOR EUROPEAN BANK M&A: KEY DRIVERS, VALUATIONS & EXPECTATIONS FOR 2022 |
|
 | On Tuesday 30 Nov, as part of the Banking Essentials webinar series co-hosted by the European Banking Federation and S&P Global Market Intelligence, we will host an online event on M&A activity. Our panel of experts will delve into what to expect from European bank M&A activity in 2022 and beyond considering that market dynamics are changing rapidly as banks come under increasing pressure to consolidate and new players emerge. Register HERE |
|
FINANCIAL REGULATION AGENDA for next week Monday 29 November Tuesday 30 November -
-
European Parliament Subcommittee on Tax Matters -
-
-
-
-
-
-
-
-
-
EBF Chief Economists’ Group online meeting
Wednesday 1 December
-
-
-
-
-
-
IBFed Financial Crime Working Group online meeting
Thursday 2 December Friday 3 December For a full-year overview of key financial regulation events: click here |
|
REGISTRATION OPEN! Are Europe's Capital Markets ready for the Future?
Europe's Green & Digital Transition a Year after the CMU |
|
 | On 6 December 2021, join the EBF Markets4Europe online event to discover more on what Capital Markets can do for the green and digital transition and how to get there. A panel of high-level speakers will explore trends for investors and companies accessing sustainable investments while taking stock of what the European Commission has achieved so far to complete the CMU and what remains to be done. |
|
SECURE YOUR VIRTUAL SEAT NOW! |
|
FROM THE MEDIA
Bloomberg: EU pushes ahead on long-awaited Capital Markets Union
The European Union moved forward on trying to build a cross-continental financial system with four new legislative proposals, six years after it was first announced and a year after the latest relaunch. According to Bloomberg, the EU’s executive arm hopes a “capital markets union” will break down barriers between 27 national financial markets and rulebooks to help companies raise money within the bloc. Read more
Finextra: Deutsche Bank launches Swift Beneficiary Account Verification service
Finextra reports that Deutsche Bank has rolled out Swift's new Beneficiary Account Validation (BAV) service, enabling clients to verify payee account details before an international payment instruction is sent. More than 70 banks have so far signed up to the BAV service but Deutsche Bank is the first to roll out the system on a global basis, building a straightforward API layer on top, enabling it to validate accounts across its global markets in real-time. Read more
Reuters: ECB faces pressure to unlock bonds and avert market squeeze
The European Central Bank (ECB) is coming under pressure from bankers to lend more of its stash of German government bonds to avert a market squeeze that would undo some of its own stimulus efforts, Reuters reports. As the safest debt in the region, Germany's sovereign bonds are the lifeblood of European financial markets and the most coveted collateral for guaranteeing trades at clearing houses. Read more |
|
FROM EBF MEMBERS
BPFI: Mortgage Market Profile Report
A new detailed mortgage report published by the Banking & Payments Federation Ireland (BPFI) shows that the average age of home mortgage borrowers continues to increase with the number of first-time buyers (FTBs) aged 30 or under more than halving in the last 16 years falling from 60% in 2004 to 27% in 2020. Read more
BdB: Ossig: Preserve the banks' leeway in lending
The Association of German Banks (BdB) published a statement by Christian Ossig, BdB Chief Executive. “Banks have done a lot to strengthen capital buffers and are still part of the solution in the pandemic. Limiting lending opportunities would be the wrong step.[...] Banks need planning security and greater room for maneuver to finance the transformation to a sustainable and digital economy", he says. Read more (DE)
SBA: Winter session 2021 of the Federal Chambers
The Federal Chambers regularly examine numerous matters relating to the financial center. The Swiss Bankers Association (SBA) takes a clear position in this regard, prioritizing optimal framework conditions for the future. Read more (FR) |
|
FROM THE INSTITUTIONS
European Commission: Capital markets union package
The European Commission adopted a package of measures to ensure that investors have better access to company and trading data. The proposals deliver on several key commitments in the 2020 capital markets union (CMU) action plan. They will help connect EU companies with investors, improve their access to funding, broaden investment opportunities for retail investors and better integrate capital markets. Read more
ECB: Account of the October monetary policy meeting
Based on financing conditions and the inflation outlook, the European Central Bank (ECB) Governing Council agreed to continue asset purchases at a lower pace than in the previous two quarters and reconfirmed other policy measures. Read more
BIS: Claudia Buch: Fiscal and monetary responses and financial stability
Claudia Buch, Vice-President of the Deutsche Bundesbank discussed fiscal and monetary policy at the Financial Stability Conference. "Vulnerabilities in the financial system with regard to adverse shocks continue to build up. As we are leaving the phase of acute crisis management behind, this reinforces the need to take preventive action in order to mitigate future risks to financial stability", she says in her speech as published by the Bank for International Settlements (BIS). Read more |
|
FROM THE EBF this week
EBF Vacancies: Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
|
|
|
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 |
|
This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact v.barbieri@ebf.eu
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
|
|
|
|
