EBF MORNING BRIEF Monday 17 June 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: Centeno urges prudence on rates as inflation nears 2%
The European Central Bank must be prudent in bringing interest rates to levels that neither stimulate nor constrain the economy, Governing Council member Mario Centeno said. Data will reveal how quickly inflation is retreating and how the economy reacts to looser monetary policy, he told Bloomberg. Read more
Reuters: ECB's Lagarde dodges question about French market turmoil
European Central Bank (ECB) President Christine Lagarde dodged a question about turmoil in French financial markets, merely saying the ECB would deliver on its inflation target. French markets endured another brutal sell-off as investors cut their positions ahead of a snap election that might give a majority to the far right, Reuters reports. Read more
The Banker: French banks warned of greenwashing risks
French banks have been warned of greenwashing litigation and public backlash if they fail to comply with existing EU sustainability regulations. As reported by The Baker, the warning comes as national political favours may turn after France’s right-wing Reassemblement National party gained ground in the EU parliamentary elections. Read more |
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MAIN EVENTS
Monday 17 June
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FROM EBF MEMBERS
Finance Norway: Accurate money laundering reporting is important
Every year, Finance Norway organizes a specialist seminar to strengthen work against money laundering and terrorist financing, as well as international sanctions. Reporting was one of several important topics for the day. Read more (NO)
ABBL: FASTER Directive set to transform withholding tax procedures
The European Council reached a general agreement on implementing safer and more efficient procedures for obtaining double taxation relief, The Luxembourg Bankers' Association (ABBL) reports. Known as the FASTER (Faster And Safer Tax Excess Relief) directive, it seeks to streamline withholding tax procedures across the EU, benefiting cross-border investors, national tax authorities, and financial intermediaries alike. Read more
Finance Denmark: Danes' interest in home buying is increasing
In May 2024, more people have received a loan offer to buy a home than the year before. It is typical of spring that more people are thinking about buying a home, and the continued high interest rates on home loans have not made much of a difference.Read more (DK) |
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FROM THE INSTITUTIONS
ECB: Nature-related risks and biodiversity loss: legal implications
Literature has emphasised that the degradation of nature can have significant implications for central banks in delivering on their mandates. This paper offers a first legal assessment of the implications of the nature crisis for the European Central Bank (ECB). Read more
ESAs: Board of Appeal renews its President's term
During the Board of Appeal Annual Meeting, the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) renewed the President and elected the Vice-President of the Board of Appeal, for a term of 2.5 years. Read more BIS: CBDC work advances globally According to the Bank for International Settlements (BIS), 94% of surveyed central banks are exploring a central bank digital currency (CBDC). The survey suggests that central banks are proceeding at their own speed, taking diverse approaches. 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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