EBF MORNING BRIEF Monday 2 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.
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FROM THE MEDIA
The Banker: Why central banks must protect cash for a stronger digital future
Our payment systems are racing towards a digital frontier. Contactless cards, e-wallets and QR codes are everywhere, tempting some to declare cash outdated. But as digital tools soar, we should not ignore a basic truth: cash still matters, writes The Banker. Read more
FT: Eurozone inflation rose to 2.3% in November
According to the Financial Times (FT), Eurozone inflation rose to 2.3 per cent in November, exceeding the European Central Bank’s target for the first time in three months. Economists said the increase was not principally caused by underlying price pressures and is unlikely to dissuade the ECB from cutting rates again in December. Read more
Bloomberg: France’s Le Pen Boosts Budget Asks Ahead of Monday Deadline
As Bloomberg reports, Far-right leader Marine Le Pen, who holds outsize leverage in France’s split parliament, gave Prime Minister Michel Barnier until Monday to accede to her budget demands before she decides whether to topple the government. Read more |
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MAIN EVENTS ENEA, Enterprise Europe Network, BRIDGeconomies Consortium ‘Virtual Brokerage Event @ Innovation Village 2024’ event ECB: TARGET balances statistics (Oct. 2024) Council Horizontal Working Party on Cyber Issues |
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EBF and S&P Global Market Intelligence: BANKING ESSENTIALS Webinar
December 11, 2024 As Europe grapples with the need to finance massive investments in areas like clean tech, digitization, and infrastructure, expanded joint EU borrowing programs are emerging as a potential solution. In the wake of high-profile reports from figures like Mario Draghi, the debate around a European Safe Asset has come back to the forefront, sparking both political and economic discussions.
This webinar will explore the economics and policy implications of joint EU borrowing and the potential creation of a European Safe Asset. Learn how these tools could support Europe’s long-term growth priorities, while helping to complete the Capital Markets Union.
Join us for this timely and insightful discussion on the future of Europe’s economic and financial strategy. |
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FROM EBF MEMBERS Finance Finland: The Huijarille luu kurkkuun campaign by Finance Finland wins a communication award – Middle finger to scammers! The communications campaign Huijarille luu kurkkuun ("A Bone in the Scammer's Throat") by Finance Finland (FA) has won the grand prize in the Oma media competition organized by ProCom, the association for communications professionals. This campaign marked the first time FA carried out large-scale communications directly targeting the general public. Read more (FI)
Finance Iceland (SFF): Concerning if Fine Amounts are Proportionally Higher in Iceland than in Europe
Jóna Björk Guðnadóttir, Chief Legal Officer of the Icelandic Financial Services Association (SFF), was interviewed by Viðskiptablaðið regarding a recent report by the European Securities and Markets Authority (ESMA) on fines and penalties imposed on financial institutions within the European Economic Area in ESMA’s regulatory domain. Read more (IS) Hungarian Banking Association: Press Release - The Bank Association's Reaction to the Government's Latest Measures The Hungarian Banking Association expressed its concern regarding the government's measures announced on November 28, which once again target the banking sector. These steps, introducing additional burdens amounting to tens of billions without prior consultations in some cases, undermine Hungary's international competitiveness, weaken the natural strategic partnership between the economic governance and the banking sector, and erode market confidence. Read more (HU) |
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FROM THE INSTITUTIONS
ECB: ECB announces changes to the Eurosystem collateral framework to foster greater harmonisation
The Governing Council of the European Central Bank (ECB) last week decided on measures that aim to enhance the harmonisation, flexibility and risk efficiency of the collateral framework. Read more
BIS: François Villeroy de Galhau: Towards a realistic simplification - untying some of the knots in European banking regulations
Speech by Mr François Villeroy de Galhau, Governor of the Bank of France and Chairman of the Autorité de contrôle prudentiel et de resolution (ACPR), at the ACPR conference "The financial sector innovates, supervision evolves", Paris, 26 November 2024. Read more
European Council: Speech by incoming European Council President António Costa at the handover ceremony with the outgoing President Charles Michel
The former Portuguese Prime Minister Antonio Costa will take over from Charles Michel on 1 December. 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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