EBF MORNING BRIEF Monday 16 September 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.
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FROM THE MEDIA
Bloomberg: Lagarde signals ECB open to October cut but December more likely
The European Central Bank (ECB) is open to considering an interest-rate cut in October if the economy suffers a major setback — though the next comprehensive set of information will only be available at the following meeting, President Christine Lagarde said. According to Bloomberg, her remarks offer the clearest signal yet that policymakers are leaning toward waiting until December for their next move. Read more
Reuters: Eurozone inflation going in right direction, says ECB's Nagel
Inflation in the Eurozone, including a core measure that strips out volatile prices, is going in the right direction, European Central Bank (ECB) policymaker Joachim Nagel said on Friday to Reuters as he backed the ECB's latest rate cut. Read more
The Banker: What Unicredit’s move for Commerzbank say about European banking
UniCredit swooping in and buying a “significant” 9 per cent stake in Germany’s Commerzbank has reignited debate about whether it could unleash a flurry of long-anticipated pan-European consolidation among the region’s lenders, The Banker reports. Read more |
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MAIN EVENTS Council Horizontal Working Party on Cyber Issues Council Working Party on the Environment |
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Launch of a new C-ESG Risk Roundtable report
Thursday, 26 September - 3:15 PM (CET)
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| | Environmental factors could be a source of financial risk. It is therefore essential to step up efforts to ensure that risks are properly identified, understood, measured and managed. While banks are making progress, they are facing numerous operational and implementation challenges, many of which are neither originated, nor inherent to the banking industry.
While some will need to be addressed at the level of individual organizations, others will benefit from collaborative approaches. To further strengthen the dialogue within the banking sector and with the European Central Bank (ECB), a high-level Environmental, Social, and Governance Risk Roundtable (C-ESG Risk RT) was set up by the European Banking Federation (EBF) with the participation of 13 European banks.
On 26 September, we will be launching the fourth report of the C-ESG Risks RT resulting from the discussions of its Physical Risk workstream.
The report will be available on the EBF website on 26 September,
after the launch event. |
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FROM EBF MEMBERS
FBF: Latest figures on corporate financing
The French Banking Federation (FBF) has shared the figures for business financing at the end of July 2024. Despite the turbulence, access to financing for French companies appears resilient. Read more (FR)
Finance Latvia: How the population invest in the Baltic countries
Although in each of the Baltic countries approximately half of the population regularly invests money, the most popular investment instruments differ. If Latvian residents prefer pension level 3, life insurance with savings is the most popular in Lithuania. On the other hand, in Estonia there are much more "real" investors who choose to invest their money in shares and funds. Read more (LV)
Finance Iceland: Warning of theft of senior citizens' payment cards
The police in both the capital area and in the south of Iceland have recently warned against gangs of thieves who have stolen payment cards. It seems that the group is especially targeting senior citizens. Read more (IS) |
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FROM THE INSTITUTIONS
ECB: Building a resilient future: how Europe’s financial stability fosters growth and competitiveness
The European Central Bank (ECB) has published Claudia Buch - Chair of the Supervisory Board of the ECB - speech, at the Eurofi Financial Forum 2024 in Budapest. Read more
BIS: Non-bank lending and the transmission of monetary policy
The Bank for International Settlements (BIS) has analysed the role of nonbank lenders in the transmission of monetary policy using data on the universe of unsecured credit to firms and households in Denmark. Nonbanks increase their credit supply after a monetary contraction, both relative to banks and in absolute terms. Read more
EP: Press briefing on the 16 - 19 September plenary session
Spokespersons for European Parliament (EP) and for the political groups have held a briefing on the 16 - 19 September plenary session. Read more |
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FROM THE EBF
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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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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