EBF MORNING BRIEF Monday 3 February 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: French Inflation Unexpectedly Holds Steady Below ECB's 2% Goal France's inflation rate remained at 1.8% in January, unchanged from December and below the European Central Bank's 2% target, according to Bloomberg. Read more The Banker: European banks cutting jobs in ‘year of reckoning’; Russian banks post record profits on soaring interest rates European banks are reducing their workforce amid economic challenges, while Russian banks are experiencing record profits driven by high interest rates, states The Banker. Read more
Reuters: Germany's Commerzbank posts 20% rise in net profit for 2024
Commerzbank reported a 20% increase in net profit for 2024, reaching €2.68 billion, and announced a €400 million share buyback program, writes Reuters. Read more |
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EVENTS -
Eurostat: Flash estimate inflation euro area (January 2025) -
FT Live: International Energy Policy Forum 2025 - Hybrid conference -
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Council Working Party on Financial Services and the Banking Union (Banking Union) -
ECB: Euro area seasonally adjusted HICP flash estimate (Jan 2025) -
Council Working Party of Financial Counsellors -
Bruegel ‘How can the insurance sector contribute to the Savings and Investment Union?’ discussion -
European Parliament Committee on Budgets (BUDG) Meeting -
European Parliament Committee on Economic and Monetary Affairs (ECON) Meeting
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FROM EBF MEMBERS Finance Denmark: Debt Statistics for Q3 2024 and Repossessed Properties in Q4 2024 Finance Denmark has published the latest statistics on overdue payments for Q3 2024 and the number of repossessed properties in Q4 2024, providing insights into the state of the Danish property market. Read more (DA)
Finance Latvia: Oļegs Andrejevs – Interest Rates are Falling, Cheaper Loans Ahead, Investors Should Watch Financial Markets
Finance Latvia highlights expert insights from Oļegs Andrejevs on how falling interest rates will make loans more affordable, while investors should keep an eye on financial market trends. Read more (LV)
Swedish Bankers’ Association: Collaboration to Combat Fraud in 2025
The Swedish Bankers’ Association emphasizes ongoing efforts and industry collaboration to strengthen fraud prevention measures, addressing increasing financial crime risks in Sweden. Read more (SV) |
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FROM THE INSTITUTIONS European Insurance and Occupational Pensions Authority: Risk Dashboard for European Insurers – Q4 2024 EIOPA’s latest risk dashboard shows an overall stable risk landscape for European insurers, though market risks remain elevated amid financial uncertainty. Read more.
European Central Bank: Governing Council Decisions – January 2025
The ECB published non-monetary policy decisions, including updates on financial market infrastructures, the Eurosystem’s reserve management services, and administrative penalties. Read more.
Bank for International Settlements: Cross-Border Payments – Enhancing Data Exchange
The BIS Committee on Payments and Market Infrastructures released a report on improving data exchange to enhance the efficiency and transparency of cross-border payments. Read more. |
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FROM EBF
EBF Contributes to Critical Resource to Enhance Cooperation Between Financial Institutions and Law Enforcement
The Europol Financial Intelligence Public Private Partnership (EFIPPP) has developed a “Practical Guide for Operational Cooperation between Investigative Authorities and Financial Institutions” to facilitate the criminal law investigative authorities in contributing to operational public-private partnerships (PPPs) in the EU. Read more New EBF Vacancy! Work with us! Deadline: 14 February 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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