EBF MORNING BRIEF  Monday 16 December 2024  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.Â
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FROM THEÂ MEDIA
The Banker: How banks are helping to fix Frankfurtâs crisis-stricken district
Frankfurt am Main is renowned not only as the birthplace of its most famous poet, Johann Wolfgang von Goethe, and for Germanyâs largest airport, but also for its unique status as home to two central banks â the European Central Bank and the Deutsche Bundesbank â the German Stock Exchange, and as the hub of Germanyâs banking and wider financial sector, writes The Banker. Read more
Bloomberg:Â Europe's Missing Trillions
According to Bloomberg, the EU is struggling to keep up. Low productivity and failure to invest have led to trillions in lost growth. With France and Germany in crisis, the continent risks losing its seat at the table. Read more
FT:Â Bundesbank slashes growth forecast and sounds alarm over trade war
As Financial Times reports, Germany faces another year of economic stagnation after the Bundesbank slashed the countryâs 2025 growth forecast and warned that a US-led trade war risked pushing it into recession. Read more |
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MAIN EVENTS -
Deutsche Bundesbank: The German financial system has dealt well with the rise in interest rates â which risks should we still keep an eye on? Forum Bundesbank â Head Office in Hamburg, Mecklenburg-Western Pomerania and Schleswig-Holstein event -
Council Working Party of Financial Counsellors -
Council Working Party on Financial Services and the Banking Union (Financial Services) -
ECB and Eurosystem templates on international reserves and foreign currency liquidity (Nov. 2024) -
Bruegel âTowards a circular single market: Strengthening EU economic security and competitivenessâ event -
European Banking Authority: Public hearing on Guidelines on proportionate retail diversification methods
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FROM EBFÂ MEMBERS Â Finance Latvia: SEB Bank Receives Top Sustainability Index Category for the Third Consecutive Year SEB Bank has achieved the highest possible category in the Sustainability Index assessment for the third year in a row, demonstrating exceptional performance in areas such as climate, society, work environment, and other sustainability aspects. Read more (LV)
Association of Lithuanian banks (LBA): New Initiative âLoans ABCâ to Provide Knowledge on Finance and Its Management
The Association of Lithuanian banks (LBA), aiming to further strengthen the financial literacy of the countryâs residents, is conducting a campaign featuring several video clips addressing common questions about loans. The goal of the "Loans ABC" initiative is to foster responsible borrowing habits. Read more (LT)  Association of German Banks (BdB): Podcast Episode 42: Sustainable Growth In the latest episode of our podcast "Bank Secrets," Jörg Eigendorf, Chief Sustainability Officer of Deutsche Bank, joins us as a guest. Friederika Boehme and Hendrik Hartenstein discuss with him how sustainability and growth can be successfully combined. Listen to the podcast (DE) |
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FROM THE INSTITUTIONS
ECB: Letter from the ECB President to Mr Fabio de Masi, MEP
The ECB President's letter to Mr. Fabio de Masi highlights that the ECB monitors production constraints through surveys like the bank lending survey and the access to finance survey. These reveal that monetary tightening led to reduced bank lending, driven by stricter credit standards (supply-side) and lower loan demand due to higher interest rates and weak confidence (demand-side). Read more
EBA: EU banksâ liquidity coverage ratio increased in June 2024, underpinned by growth in banksâ holdings of liquid assets
The European Banking Authority (EBA) published a Report on liquidity measures, which monitors and evaluates the liquidity coverage requirements currently in place in the EU. Between June 2023 and June 2024, EU banksâ liquidity coverage ratio (LCR) increased by 3 percentage points to reach 167%. Within that period, they observed changes in the composition of banksâ funding deposits while banksâ holdings of liquid assets steadily increased. EU banksâ average LCR in USD and in GBP improved during the period under review, to exceed 100% as of June 2024. Read more
ESMA: ESMA consults on proposals to digitalise sustainability and financial disclosures
The European Securities and Markets Authority (ESMA), the EUâs financial markets regulator and supervisor, has published a Consultation Paper seeking stakeholdersâ views on how the European Single Electronic Format (ESEF) can be applied to sustainability reporting. The proposals also aim to ease the burden associated with financial reporting. Read more |
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FROM THE EBFÂ Â Â New EBF Vacancies! Work with us! Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
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ABOUTÂ THEÂ 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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