EBF MORNING BRIEF Monday 27 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 Financial Times: The ECB needs a rethink of its policy approach A former ECB official criticized ongoing rate cuts, urging a balanced approach and focus on long-term stability, according to FT. Read more Standard & Poor's: Spanish banks poised for double-digit profit growth in FY'24 Aggregate net profit at the country's six largest lenders could rise by 17% in 2024, with Santander and BBVA leading the pack, according to analyst consensus estimate data by Visible Alpha and S&P Global Market Intelligence, states S&P. Read more
Reuters: Commerzbank says no talks with UniCredit until specific proposal made
Commerzbank demands a formal proposal from UniCredit before merger talks, as UniCredit awaits ECB approval for its 28% stake, writes Reuters. Read more |
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EVENTS -
Deutsche Bundesbank: Digital Supervisory Briefing -
Electronic Money Association ‘EMA Conference 2025 – Innovate, compete, succeed: the future of digital payments’ -
ECB: Survey on the access to finance of enterprises (Q4 2024) -
Council Working Party on Financial Services and the Banking Union (Banking Union)
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FROM EBF MEMBERS Finance Denmark: 2024 Set a Record: 135,000 Danes Opened Stock Savings Accounts In 2024, 135,000 new stock savings accounts were opened in Denmark, marking a 38% growth and highlighting strong private finances. Read more (DA)
Association of German Banks: The German Banking Industry Committee’s key requirements of the digital euro
German banks emphasize reducing complexity and ensuring the Digital Euro supports financial sovereignty and market benefits. Read more
UK Finance: Global Banking Pulse: Reviewing the performance of the largest banks in H1 2024
North American banks excel in growth and revenue, while European banks lead in efficiency, liquidity, and resilience. Read more |
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FROM EBF
Chair of the European T+1 Industry Committee welcomes the official launch of the governance structure for the transition to T+1 Settlement Cycle
The European Securities and Markets Authorities (ESMA) hosted a meeting to launch the T+1 Governance framework, aiming to coordinate the move to a shorter settlement cycle for securities transactions in the EU, aligning with the UK and Swiss markets, while ensuring industry-wide collaboration and minimizing disruption. Read more
Launch of the Report of the C-ESG Risk Roundtable Data Workstream
Discover how banks are using CSRD disclosures for risk management in our C-ESG Risk Roundtable Data Workstream report launched on January 23rd. Hear from Nordea, ING, and the ECB on data use, challenges, and quality improvement. Watch the recording here Jérôme Raguénès, Director of Digital, Payments and Operational Resilience at FBF on fraud Combating sophisticated fraud requires a coordinated effort across sectors, including enhanced security, cross-industry collaboration, and stronger regulation to safeguard the payment ecosystem. Watch the video New EBF Vacancy! Work with us! Visit our Vacancies page to learn more about the EBF Events Trainee opening. 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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