EBF MORNING BRIEF Monday 13 January 2025 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
Bloomberg: EU Set to Back Draghi Warnings on Lagging Behind US and China
The European Union is set to warn that the integration of the bloc’s single market is slowing down at the same time it’s facing stiffening pressure from major global economies including the US and China, according to a draft report seen by Bloomberg. Read more
The Banker: More investors join lawsuit over Credit Suisse AT1 wipeout; Canadian banks signal potential withdrawal from climate alliance
According to The Banker, The legal battle against Switzerland over the €17bn write-off of Credit Suisse’s AT1 bonds has escalated, with 39 new plaintiffs joining the lawsuit. Read more
FT: Why everyone else can panic about rising bond yields
Stuart Kirk: "Thirty years ago when I started on the grad programme at Morgan Grenfell Asset Management, we equity kids looked down on the losers in fixed income. Bonds were dull and no one was particularly hot", writes the Financial Times. Read more |
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EVENTS -
Council Horizontal Working Party on Cyber Issue -
ECB: Euro area households and non-financial corporations (Q3 2024)
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FROM EBF MEMBERS French Banking Federation (FBF): Frédéric Di Scala Becomes President of the Regional Committee of FBF Banks for Grand Est The banking committee of the French Banking Federation (FBF) Grand Est has elected Frédéric Di Scala as its president for a two-year term. He succeeds Dominique Garnier. The FBF Grand Est Regional Committee brings together member banks established across its 10 departments. Read more (FR)
Banking & Payments Federation Ireland (BPFI): First-time buyer mortgage approvals reached record highs in November 2024 – latest figures from BPFI
The BPFI's November 2024 Mortgage Approvals Report highlights steady growth in year-on-year approvals and a notable increase in re-mortgage activity, reflecting continued demand in the housing market. Read more
Finance Latvia: Most Level 2 Pension Participants Have Not Designated an Heir for Their Savings
Most Latvians have yet to designate an heir for their Level 2 pension savings, with only 37% making their choice so far. Read more (LV) |
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FROM THE INSTITUTIONS EBA: Guidelines on the management of environmental, social and governance (ESG) risks The European Banking Authority (EBA) today published its final Guidelines on the management of Environmental, Social and Governance (ESG) risks. The Guidelines set out requirements for institutions for the identification, measurement, management and monitoring of ESG risks, including through plans aimed at ensuring their resilience in the short, medium and long term. Read more
ESMA: New Q&As available
The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published or updated the following Questions and Answers. Read more EC: Commission disburses first €3 billion to Ukraine of its part of the G7 loan, to be repaid with proceeds from immobilised Russian assets The European Commission has disbursed today the first €3 billion tranche of its exceptional Macro-Financial Assistance (MFA) loan for Ukraine, which will be repaid with proceeds from immobilised Russian State assets in the EU. Read more |
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FROM EBF
Facts&Figures 2024
The European Banking Federation (EBF) has published Facts & Figures 2024, its annual update on the banking sector in Europe. Building on 2023 data from the European Central Bank (ECB), the statistical publication provides users with a unique perspective on the structure, performance, lending, and deposit trends in European banking alongside a country-by-country overview. Read more
New Report of the C-ESG Risk Roundtable Data Workstream
The latest report from the Data Workstream of the C-ESG Risk Roundtable explains how climate change and biodiversity- and ecosystems-related disclosures from non-financial corporates under the CSRD can be utilized by banks for risk management purposes. It serves as a starting point for fostering better dialogue between banks and non-financial corporates, ultimately contributing to key processes such as customer due diligence, customer risk assessments, and credit ratings. 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 r.hrelja@ebf.eu European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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