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EBF AND DELOITTE

KNOWLEDGE PARTNERSHIP

EBF and Deloitte partner up to examine the future of banking

The European Banking Federation and Deloitte Luxembourg came together to explore the future of the banking sector by gathering insight around three strategic pillars: the future of banking, sustainability, and digital.

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Digital Thursdays

The Advent of DORA: What changes will the next 24 months bring?

Thursday 23 February | 3:30 PM CEST | ONLINE

The recently adopted Digital Operational Resilience Act (DORA) signals the introduction of a comprehensive legislative and regulatory framework with cybersecurity and resilience rules applicable to all financial services operators in the EU ecosystem. Upon the application of these rules, financial entities will be required to have set up internal strategies, policies and practices to address Digital Resilience in their function and the provision of critical services by third parties. DORA  is a major milestone in how FSIs will approach risk management, introducing modern, dynamic and adaptive capabilities. Those changes and challenges will be addressed during this Digital Thursday close up, that will bring together banks, regulators and other cybersecurity experts to discuss how DORA shapes the sector’s cybersecurity landscape and how its requirements can be realistically implemented in practice.

Banking 2030

What will the bank of the future look like?

With the newly launched Banking 2030 project, the EBF and Deloitte teamed up to develop a strategic perspective on where and how banks can add value to society in the next decade.

“The drivers for change are not only in changing demographics, but also in the key elements of the dual transition which will lead to a more digital and sustainable world. In this changing environment, banks have key strengths that will continue to be relevant. An unparalleled capacity to judge, shift and manage risks amongst different stakeholders. The capacity to master and cater to the complete lifecycle of financing needs for families and businesses,” Niels-Peter van Doorn, EBF COO and Pascal Martino, Partner Advisory & Consulting at Deloitte write in a joint blog.

CSO REPORT

The Big Picture: How the CSO can drive the banking sectors’ sustainability efforts

The role of the Chief Sustainability Officers (CSO) is navigating, influencing, and cutting through organizational complexities to allow the organization to deliver on its ESG strategy and commitments. But how does the CSO contribute to the sustainability endeavor in the European banking sector?

Together with Deloitte Luxembourg, the EBF launched a report exploring the role of the Chief Sustainability Officer (CSO) in banks. The report demonstrates how this role can act as a business leader, change agent, connector, and ambassador of organizations’ culture. Increased internal cooperation, public help, and availability and comparability of data also emerged as key to help banks in their sustainability journey.