EBF MORNING BRIEF Monday 21 October 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
FT: Why European bank mergers are back on the table
Europe’s last major cross-border bank merger, cooked up in 2007 by the continent’s banking elite during clandestine meetings in Geneva’s grand Four Seasons Hotel des Bergues, did not end well, according to Financial Times. Read more
Reuters: Exclusive: Some ECB governors wanted to drop pledge to keep policy tight, sources say
Some European Central Bank governors at Thursday's rate-setting meeting made the case for dropping a pledge to keep policy tight as inflation may now turn out lower than anticipated only a few weeks ago, five sources told Reuters. Read more
Politico: Germany eyes EU extension to rein in spending as recession bites
Germany is considering asking the European Commission for an extension to rein in public spending over the coming years, two German officials told POLITICO. Read more |
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Payments fraud presents a massive challenge, with the total value of fraudulent activities standing at €4.3 billion in 2022 and €2.0 billion during the first half of last year. As fraudsters become more sophisticated, cutting-edge strategies and close collaboration throughout the payments ecosystem are needed to tackle it.
Join us on November 5 to learn about the latest steps to combat fraud by European banks and hear insight from policymakers, consumer and industry representatives. |
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FROM EBF MEMBERS BdB: Herkenhoff: The ECB must not switch to autopilot on interest rate policy According to the Association of German Banks (BdB), the European Central Bank (ECB) has once again lowered interest rates today. "With this move, the ECB has taken greater account of economic concerns in the euro area," says Heiner Herkenhoff, CEO of the German Banking Association. Read more (DE)
BPFI: BPFI Mortgage Switching Research Survey
New research shows that less than a third of mortgage customers have considered switching as mortgage industry launches nationwide awareness and information campaign, according to the Banking & Payments Federation Ireland (BPFI). Read more
ABBL: Cybersecurity: stay safe from phishing and vishing attacks
October marks Cybersecurity Awareness Month, a critical time to focus on the growing digital threats we face every day. This month, the ABBL joins forces with Europol and the European Union Agency for Cybersecurity (ENISA) to raise awareness about phishing and online scams, especially within the banking sector, reads on the Luxembourg Bankers' Association (ABBL) website. Read more |
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FROM THE INSTITUTIONS
EIOPA: EIOPA opens consultation on criteria for selecting insurers to run macroprudential analyses
The European Insurance and Occupational Pensions Authority (EIOPA) has opened a consultation regarding the criteria based on which national supervisors may request (re)insurers and insurance groups to perform macroprudential analysis in their Own Risk and Solvency Assessments (ORSA) and in their application of the Prudent Person Principle (PPP). Read more
BIS: Green Swan 2024: Impact of climate change on the real economy: what does it mean for business and for monetary policy?
The fourth edition of the Green Swan Conference brings together high-calibre speakers – comprising corporate leaders from sectors most relevant for GHG emissions, experts, academics and policymakers – to discuss how climate risk, adaptation and mitigation affect the supply side of the economy and what these economic effects imply for the work of central banks. Read more
ESMA: ESMA launches survey on legal entities identifiers
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published today a survey on legal entities identifiers, aiming to gather evidence on the impacts of including alternatives for reporting or record keeping requirements. 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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