Sanctions Painkiller: Series of webinars on navigating sanctions compliance

Sanctions Painkiller: Series of the webinar on navigating sanctions compliance

Amid the shifting and rapidly deteriorating geopolitical landscape, companies find themselves increasingly exposed to the risk of sanctions, operational and supervisory problems, and obligations to comply with regulations from multiple jurisdictions and organisations. Compliance measures must become more sophisticated to avoid facing penalties and reputational risks.
Over the years, the EU has imposed sanctions on a number of countries and entities, such as Iraq, Iran, North Korea, and Venezuela. In the last months, the EU and its allies have imposed a stringent sanction regime on Russia and Russian entities, amid the Ukrainian crisis.
Against this backdrop, the World Savings and Retail Banking Institute is pleased to launch a series of webinars aimed at providing critical intelligence, best practices, and key methods that institutions in the financial industry can employ the navigate the current sanction regime.
In the first webinar, speakers from Pideeco, will provide guidance and concrete examples on global sanctions and controls restrictions that will facilitate smooth overview and productive discussions.


Conference on cyber security in banks

Cyber security and fighting cyber crime are among the top concerns for all banks across the globe.

News on identity and data theft, various cyber-attacks, security breaches resulting in large losses, make regular headlines. The global pandemic has further increased cyber risks as criminals attack mobile phones, notebooks and PCs used for communication between home and main office. Are we ready for the challenges? Banks are spending substantial amounts to prevent ICT and cyber security breaches and improve their defenses against cyber risks.​

During the conference a panel of excellent speakers will describe the latest threats and how to deal with them, introduce state-of-the-art solutions in malware detection, firewalling, intrusion prevention, fraud detection, incident response and other defensive techniques.


"It's the labour supply, stupid"

The coronavirus (COVID-19) shock affected some demographic groups’ labour force participation rate differently from what past cyclicality would suggest.

Guest Speaker

Edward Scicluna is Governor of the Central Bank of Malta and Deputy Chairman of the Malta Financial Services Authority, after having served as Malta’s Minister for Finance (2013-2020). He also served as an MEP and Vice-Charmain of ECON (2008-2013). His previous appointments included that of Professor and Head of the Department of Economics at the University of Malta (UoM), and Chairman of the MCESD. Edward graduated from the University of Oxford with a Diploma with distinction in politics and economics; from the UoM with a First Class Honours BA degree. He read for his Masters and Doctorate in Economics at the University of Toronto.

About the topic

​The coronavirus (COVID-19) shock affected some demographic groups’ labour force participation rate differently from what past cyclicality would suggest. The assessment, however, depends on the counterfactual scenario used, i.e. the assumption of what would have happened in the absence of the pandemic shock. Using counterfactual scenarios that take the pre-pandemic trends into consideration, the labour force participation rate gap – i.e. the difference between the observed labour force participation and the no-pandemic-shock counterfactual – is the widest for older workers and for workers with lower and…(click to read more)

Programme

14h30 – Welcome, short introduction by ESBG of the topic and the guest speaker

14h35 – Guest speaker’s presentation

15h00 – Q&A moderated by Sebastian Stodulka, ESBG Head of Regulatory Affairs

15h15 – Closure

About ESBG

The European Savings and Retail Banking Group (ESBG) has 23 members in 18 countries. As some of its members are national organisations, ESBG represents the interests of over 800 banks working responsibly and closely with their communities and SMEs. Together, ESBG members manage assets worth €5,700 billion, serve 162 million Europeans and employ nearly 660,000 people.

About the Central Bank of Malta

The Central Bank of Malta is the central bank of the Republic of Malta. It was established on 17 April 1968. In May 2004, when Malta joined the European Union, it became an integral part of the European System of Central Banks.


WSBI ESBG Events


Bank financing for SMEs must be protected in Basel III finalization

The European Parliament (EP) should revise the measures that would eventually limit bank financing for ’unrated companies in the European Commission (EC)’s proposal for the finalisation of Basel III standards, said yesterday MEP Markus Ferber, Coordinator for the EPP Group at the EP’s Committee for Economic and Monetary Affairs (ECON).

At a panel discussion organised by the European Savings and Retail Banking Group (ESBG), the parliamentarian said that most SMEs are likely to be ‘unrated companies’ and do not have the resources to get external rating, in contrast to large companies.

“I really want to safeguard that SMEs have access to financing and I’m not very convinced that Commission’s proposal on the unrated corporates is the solution”, he said to the agreement of most of his fellow speakers at the panel discussion ‘The impact of Basel III implementation on the EU economy’.

“We hear the concern about all those corporate clients of the banks who don’t have an external rating” said Johanna Orth, Head of Group Regulatory Affairs at Swedbank and Chair of the ESBG Task Force on Basel IV, who moderated the discussion. The Commission’s solution of a preferential risk weight for unrated companies during a transitional period ending in 2032 is “highly appreciated but still has an end date”, she stressed.

ESBG’s over 800 members are savings and retail banks who have SMEs as some of their main clients and have an important role as a motor of the EU’s real economy.

The EC’s DG FISMA Head of Banking Regulation and Supervision, Almoro Rubin de Cervin, had kindly given a brief presentation of the EC’s proposal announced at the end of October.

One of the key issues for the EU’s financial sector moving forward will be “to advance with the banking union”, said MEP Jonas Fernandez, EP’s ECON Coordinator for the S&D Group.

CaixaBank’s Head of Public Affairs, Christian Eduardo Castro, considered the EC’s Basel finalisation proposal “well-balanced and realistic” but called for some revisions, including on equity investments and disclosure requirements regarding operational risk.

ESBG Managing Director, Peter Simon, closed the event, the first one organised in ‘hybrid’ mode. “This type of dialogue is important to enhance the cooperation between all stakeholders to ensure proper and well-balanced implementation of the final Basel III standards”, he said.


Euribor reforms: a path towards longevity Update on the Eonia to €STR transition

Discussion with Petra De Deyne, Advisor for Strategic Developments at the European Money Markets Institute

ESBG Spotlight invites you to join us on 20 April to discuss the Benchmark reforms (EURIBOR®, EONIA®, €STR) and the EU Benchmarks Regulation (BMR). The session will focus on the EURIBOR® hybrid methodology as well as the smooth transition from EONIA® to €STR, and will host Petra De Deyne, working at the European Money Markets Institute (EMMI), the administrator of these critical interest rate benchmarks.

This online event is free of charge and will be held in English. Once you have registered, you will receive a confirmation containing the meeting link and instructions for joining the webinar.

Speakers

Petra De Deyne began her career in the Generale Bank in 1988 as a salesperson in Money Markets and Forex and then moved to the trading side where she spent almost 20 years trading in the money markets, foreign exchange and fixed income instruments, both in European and emerging markets.

In 2009 and 2010 Petra served as Group Treasurer of Fortis Lease. She was a Senior Manager in Regulatory Affairs for CIB in BNP Paribas from 2010 till 2016.

She joined the European Money Markets Institute (EMMI) in 2016 to take the position of Manager of the Benchmark Unit. Since July 2019 she has been EMMI’s Advisor for Strategic Developments.

Petra holds a Master Degree in English and German, as well as post-graduate degrees in Finance and Business Communication. ​

Programme

15:00 Welcome and introduction
15:05 Presentation by Petra De Deyne, Advisor for Strategic Developments at the EMMI​​
15:30 Q&A session moderated by Sebastian Stodulka, Head of Regulatory Affairs, WSBI-ESBG​​
15:45 End of the webinar