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Topic: European Banking Federation


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In the News (Wed 10 Feb 10)

  
  BBA - British Bankers' Association - Letter from the European Banking Federation to the European Commission
Further to the 9 June meeting of the "European Consultative Group on Accounting Issues Affecting Financial Institutions", the European Banking Federation thought that it would be valuable to document the reasons why we believe that further progress is needed on IAS 39 before the European Union proceeds to endorsement.
European institutions had planned to use the option as a pragmatic means of placing transactions on a fair value basis without having to endure the restrictive hedge conditions.
The European Banking Federation is willing to commit itself to further talks with the IASB aimed at achieving the progress on hedging and presentation that is needed in the short term for the European banking industry to conclude that we have reached the point where IAS 39 can be endorsed into European Law.
www.bba.org.uk /bba/jsp/polopoly.jsp?d=120&a=4187   (2779 words)

  
 European Banking Federation - Wikipedia, the free encyclopedia
Since its inception in 1960, the Federation has constantly maintained an ongoing dialogue with the European institutions, with the aim of ensuring that the experience and the views of banks are taken into consideration in the shaping of relevant policies.
Nowadays, European legislation continues to be extended to cover areas such as freedom of establishment for banks and other financial institutions, harmonisation of banking supervision, accounting and a number of other subjects relevant to the business of banking.
Furthermore, the role of the Federation as the united voice of all EU banks has naturally led it to be a forum where members' initiatives are proposed and debated.
en.wikipedia.org /wiki/European_Banking_Federation   (535 words)

  
 Banks caution European Commission against hasty conclusions on banking competitiveness - EUbusiness - EU law, politics ...   (Site not responding. Last check: 2007-11-03)
However, while the EBF focuses on general concerns in its overall comments, it stresses that the interim assessment presented in the Report should indeed not preclude final conclusions, particularly as contributions from market participants should still be fully taken into account.
The EBF points out that retail banking fragmentation is not due to a lack of competition but remains largely the consequence of suppliers having to meet different national legal and regulatory requirements.
Similarly, banks consider that, while the Report rightly identifies obstacles to market entry, namely the banking supervision framework, taxation and consumer protection legislation, it fails to demonstrate how the ensuing fragmentation could be made responsible for a lack of competition.
www.eubusiness.com /Finance/ebf.2006-10-11/view   (445 words)

  
 Dovetail Systems - Advanced transaction processing solutions   (Site not responding. Last check: 2007-11-03)
The BIS functions as a forum for international monetary and financial cooperation, a bank for central banks, a center for monetary and economic research, and as an agent or trustee in international financial agreements.
Since its inception, the Federation has maintained an ongoing dialogue with the European Commission and with other European institutions with the aim of ensuring that the experience and the views of banks are taken into consideration by all appropriate bodies.
With a membership of over 200 banking organizations, its mission is to ensure that federal and state banking laws and regulations provide international banks operating in the United States with the same competitive opportunities as domestic banking organizations.
www.dovetailsys.com /paymentslinks.htm   (1813 words)

  
 Comments of European Banking Federation on S7-21-03
The European Banking Federation (the "FBE") is the united voice of the banks of the European Union and European Free Trade Association countries.
Similarly, we understand that the Proposed Rule is intended to provide national treatment to international banks and deference to the equivalent consolidated supervision provided by their home country supervisors globally and the umbrella oversight of such organizations provided by the Federal Reserve Board in the United States.
There is no need for an additional requirement for an international banking organization to show that it is primarily in the insured deposit business since that is not a requirement for a banking institution to be subject to CCS and to umbrella supervision by the Federal Reserve.
www.sec.gov /rules/proposed/s72103/fbe020404.htm   (1229 words)

  
 Association of German Banks
To support the European unification process and safeguard their interests in Brussels, the national associations of private banks came together in 1960 to form the European Banking Federation (EBF).
This association of associations is the united voice of the European banking sector.
The EBF represents the interests of over 4,500 European banks in 27 countries with combined assets of over 20,000 billion euros and around 2.3 million employees.
www.germanbanks.org /html/07_ebf/ebf_00.asp   (139 words)

  
 ECA Watch: International NGO Campaign on Export Credit Agencies
AFB - The Association of Foreign Banks is a forum for the sharing of information on industry issues for the mutual benefit of foreign banks operating in and out of the United Kingdom.
EBF – also FBE, European Banking Federation – Set up in 1960, the voice of the European banking sector.
The Greens/ EFA as a group is the expression of the political will of two separate and progressive European political families to co-operate in order to strengthen their mutual political interests in the European Parliament.
www.eca-watch.org /about/CSOlist.html   (586 words)

  
 PREVENTING THE FINANCING OF TERRORISM AND OF CERTAIN FOREIGN REGIMES: EUROPEAN COMMISSION AND EUROPEAN BANKS ESTABLISH ...
The European Commission, in partnership with the four European Credit Sector Federations (European Banking Federation; European Savings Banks Group; European Association of Cooperative Banks; European Association of Public Banks), have established an electronic database containing all relevant data concerning persons, groups and entities, subject to European Union financial sanctions.
The e-CTFSL enables banks and other EU businesses to integrate the content of the database into their IT systems, hereby rendering the freezing of bank accounts and other funds and assets more effective and permitting faster processing of information published in the Official Journal.
Access to the database is available to banks through FTP (file transfer protocol), from which they may directly download the information into their own IT systems.
www.eurunion.org /News/press/2004/20040098.htm   (725 words)

  
 Association of German Banks
Cardholders of European banks will soon be able to use their payment cards for transactions at Points of Sale (POS) and cash withdrawals in other European countries just as easily as in their home country.
As expected, the European Commission has rejected the proposal drawn up by the German government on open questions surrounding the non-discriminatory sale of Bankgesellschaft Berlin in 2007 and the associated issue of the restrictions on using the name “Sparkasse” enshrined in Section 40 of the German Banking Act.
European bank customers will be able to use their debit cards (formerly "ec cards") across international borders at even more acceptance locations within Europe as of 2007 - for the first time this will take place on the basis of the debit card schemes with which cardholders are familiar in their home countries.
www.german-banks.org   (506 words)

  
 GLOBAL: BANKING ASSOCIATIONS OF THE WORLD UNITE Global Finance - Find Articles
The American Bankers Association and the European Banking Federation have joined with their counterparts in Canada and Australia to form the International Banking Federation, or IDFed.
Interestingly, the Japanese banks, which dominated global banking in the late 1980s and early 1990s, are not represented.
Mullen is chairman of the executive committee of the European Banking Federation and chief executive of the British Bankers Association.
www.findarticles.com /p/articles/mi_qa3715/is_200405/ai_n9396979   (360 words)

  
 Australian Bankers Association - 2004
To operate in this environment banks need to be aware of what is happening not just in their own country, but around the world as well.
David Bell added: “Finance is bringing countries and continents ever closer and there is a growing need for banks of all sizes to be represented at a global level to encompass growing regulatory and other demands.
Banks need to consider where new legislation is coming from and how they can carry on their business effectively.
www.bankers.asn.au /default.aspx?ArticleID=515   (549 words)

  
 European banking federation blasts Tobin-tax | European Union Taxation
Banking Federation of the EU warns against introduction of Tobin-tax to stabilise international financial markets
The European banking federation is worried that the Tobin tax proposal is being placedon the political agendain several countries.
In their report, banking experts of the FBE say that the Tobin tax isnot feasiblein practice, would havedisruptive and frequently unjustified side effectson the global financial markets and would beineffectivein achieving its original objective, i.e.
www.euractiv.com /en/taxation/european-banking-federation-blasts-tobin-tax/article-116424   (322 words)

  
 IBFed - International Banking Federation
The countries represented by the Federation collectively have more than 18,000 banks with 275,000 branches, including around 700 of the worlds top 1000 banks which alone manage worldwide assets of over $31 trillion.
The federation, which is based in London, will increase the effectiveness of the financial services industrys response to multi-lateral and national government issues.
Banks can no longer look just at their own national regulatory requirements.
www.bba.org.uk /bba/jsp/polopoly.jsp?d=306&a=3241   (591 words)

  
 MDG Online - Directory
European Association of Co-operative Banks - GEBC's aim is to strengthen co-operation between European co-operative banking groups and to defend these institutions' professional interests on a European-wide scale.
European Committee for Banking Standards - ECBS' primary aim is to enhance the European technical banking infrastructure by developing standards.
Germany - Association of German Banks - Bundesverband deutscher Banken, which represents the interests of the private commercial banks, was founded in Cologne in 1951, and moved from Cologne to Berlin in March 1999.
www.mdgonline.co.uk /usa/banking/banking2.htm   (514 words)

  
 New International Banking Federation to represent global financial services industry
The banking associations of Europe, the United States, Australia and Canada have joined forces to establish the International Banking Federation.
The federation, which will be based in London, will increase the effectiveness of the financial services industry’s response to multi-lateral and national government issues.
They also need to be able to make their voice heard further and further by communicating efficiently and effectively not only at a national level but at a global level too.
www.continuitycentral.com /news01114.htm   (575 words)

  
 EU news: An Independent View from European Voice
PLANS to develop a European defence policy outside NATO are not a “putsch” against the Alliance or the US, the leaders of France, Germany, Belgium and Luxembourg insisted after their controversial mini-summit in Brussels yesterday (29 April).
THE European Commission is being urged to keep its financial faucet firmly shut on a hydrological plan which Spain wants the EU to co-fund.
European Voice recently reported the attempts by architect Michel Boucquillon to seek royalties for published images of the Brussels seat of the European Parliament, which he designed.
www.europeanvoice.com /archive/issue.asp?id=357   (1405 words)

  
 Basel Action on Retail Portfolio Required Says Industry Report   (Site not responding. Last check: 2007-11-03)
This report provides a measure of the difference and draws the necessary regulatory conclusions." Nicholas Bömcke, Secretary General of the EBF said "We have been concerned that not enough attention has been given to reform of the regulatory capital treatment of the retail portfolio.
The report built upon the response of both the EBF and ISDA to the June 2000 proposals for reform of the Basel Accord.
EBF and ISDA recently agreed to co-operate on an ongoing basis in the development of joint projects in the area of risk management and regulatory capital.
www.isda.org /whatsnew/19400.html   (534 words)

  
 Finextra: European Commission set to extend MiFID deadline again   (Site not responding. Last check: 2007-11-03)
The European Commission is set to delay the implementation of its controversial Directive On Markets in Financial Instruments (MiFID) by a further six months.
Member states are expected to meet on Friday to discuss the delay to the deadline, which is expected to be approved at a later date.
Banks across the EU will be able to trade shares internally, off an exchange, but will be required to publish the prices of intended trades to the rest of the market beforehand.
www.finextra.com /fullstory.asp?id=14412   (274 words)

  
 25th International Retail Banking Forum - VRL KnowledgeBank   (Site not responding. Last check: 2007-11-03)
The European Banking Federation (FBE) is the voice of European banks.
The FBE is a key interlocutor of the European Institutions in matters of financial services issues and it plays a part at every level of the European legislative process.
The Federation’s role is amongst other things to help attain the banking industry’s objectives, in compliance with the European ideals laid down by the Treaty of Rome and to provide facilities for discussing and exchanging views on matters of common interest so it can help devise common positions among its members.
www.retailbankingforum.com /index.asp?m=7   (701 words)

  
 A Guide to the Euro Terminology   (Site not responding. Last check: 2007-11-03)
The euro replaced the ECU on a one-for-one basis on January 1, 1999, even though the countries whose currencies are used to calculate the ECU are not the same as the set of countries that adopted the euro.
This is based on an agreement between the ECB and the National Central Banks of those EU countries not participating in EMU.
This is the banking system which will be used by those countries participating in EMU.
www.mac.doc.gov /euro/euroterminology.htm   (681 words)

  
 EUROPA - Rapid - Press Releases   (Site not responding. Last check: 2007-11-03)
“The European Banking Federation and its members are delighted that the Commission has taken the initiative of this joint conference” declared Hein Blocks, Chairman of the FBE Executive Committee.
As it stands, it is a major obstacle to cross-border consolidation in the banking sector and puts banks at a competitive disadvantage compared to non EU competitors.
Furthermore, the long list of cases handled by the European Court of Justice in the recent years demonstrates that there is an imperative need to modernise the VAT legislation in line with the current development in the markets.
europa.eu.int /rapid/pressReleasesAction.do?reference=IP/06/602   (685 words)

  
 Banking Industry Reports
Banks might be expected to have made greater progress in their efforts to proactively
The Spanish banking market, whose total assets value was estimated by the European Banking Federation at €1,632 billion in 2004, represents the fifth largest market in Europe after Germany, United Kingdom, France and Italy.
Industry Definition This class consists of units of recognised foreign subsidiary banks, branches of foreign banks, or foreign banks with representative office (in Australia) that engage in banking activities in Australia.
www.mindbranch.com /catalog/find.jsp?cat=fs-bank   (1131 words)

  
 Euribor Press Releases
The European Banking Federation has welcomed the decision of the European Central Bank to remunerate minimum reserves to be applied to credit institutions located in the euro zone.
European swap market participants already clearly favour Euribor - as demonstrated by the results of a recent market survey conducted by WestLB and Intercapital Brokers.
The survey showed that 70% of EMU banks favoured the use of Euribor as reference rate for swaps.
www.euribor.org /html/content/press3.html   (267 words)

  
 European Union - SourceWatch   (Site not responding. Last check: 2007-11-03)
According to Europa (the European Union Online), the official web site of the European Union, the EU is "a family of democratic European countries, committed to working together for peace and prosperity.
European Banking Federation: "the united voice of the banks of the European Union (EU) and the European Free Trade Association (EFTA) countries.
European Union Center at the University of Missouri-Columbia.
www.sourcewatch.org /index.php?title=European_Union   (868 words)

  
 Global Finance Magazine - Milestones/Taking note
Some analysts note that the central bank has intervened repeatedly in the past to keep the currency from rising, so no real change in policy is in the cards.
Bank with modern processes and IT systems, such as Citibank and HDFC Bank, traditionally benefited from the large float their cash management solutions to top-tier corporations generated.
The American Bankers Association and the European Banking Federation have joined with their counterparts in Canada and Australia to form the International Banking Federation, or IBFed.
globalf.vwh.net /content/?article_id=554   (1109 words)

  
 New Leaders for European Banks | BNP Paribas Bank
He has been Chairman of the French Banking Association since June 2002 and was previously Chairman of the French Banking Federation from June 2002 to June 2003.
During his term of office at European level, Mr Pébereau will be leading the Federation through the achievement of key legislative and political projects: the Financial Services Action Plan is over, its implementation will now be crucial, as well as the fulfilment of the Lisbon Agenda and the opening of the European retail banking market.
He will be keen to maintain the FBE at the forefront of European financial services issues and to further reinforce its position as a core interlocutor to European institutions.
www.bnpparibas.com /en/news/press-releases.asp?Code=BDEV-66FL9R&AnnArc=&TriArc=&Count=   (470 words)

  
 Freedom of Information Office
Meeting with the Federal Reserve Board Staff, European Banking Federation, Institute of International Bankers and Institute of International Finance on, May 25, 2006 (957 KB PDF)
Federal Reserve Board Staff, Institute of International Bankers, and Institute of International Finance, August 1, 2006 meeting (243 KB PDF)
Federal Reserve Board Staff, Federal Reserve Bank of New York, and Deutsche Bank, July 27, 2006 meeting (20 KB PDF)
www.federalreserve.gov /generalinfo/foia/index.cfm?doc_id=R-1261&doc_ver=1   (348 words)

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