EBF MORNING BRIEF Monday 24 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
The Banker: Foreign banks face stricter EU requirements with Basel III
According to The Banker, foreign banks operating in the EU face stricter requirements by the end of next year under finalised Basel III rules, as the bloc looks to harmonise capital requirement rules across member countries. Read more
Bloomberg: Euro-Zone activity slows on French vote risk, factory slump
The rebound in euro-area private-sector business activity unexpectedly lost momentum as France’s snap election weighed on firms and manufacturing in the region recorded its worst month of the year, Bloomberg reports. Read more
Reuters: European IPOs fizzle out as political turmoil roils stocks
The European IPO market is unlikely to see any new candidates until after the summer, as political uncertainty has roiled markets, bankers said to Reuters. Read more |
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FROM EBF MEMBERS
BdB: Less complexity in regulation brings more growth
"But when the forest of signs on the road becomes increasingly dense and confusing, people lose their orientation." BaFin President Mark Branson recently used these words, reported by the Association of German Banks (BdB), to describe the state of the current regulatory framework and at the same time call for changes. Read more (DE)
BPFI: Housing Market Monitor Q1 2024
The latest Housing Market Monitor Q1 2024, published by Banking & Payments Federation Ireland (BPFI), shows that housing commencements rose sharply to over 30,000 units in the first four months of 2024, compared with around 32,800 units in all of 2023. Read more
Finance Norway: Continued high subscription in mutual funds in May
Total net subscriptions by Norwegian retail mutual funds for NOK 6.9 billion in May. Of this, NOK 6.1 billion was invested in equity funds and NOK 0.8 billion in various types of fixed income funds. Read more (NO) |
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FROM THE INSTITUTIONS
ECB: Decisions taken by the Governing Council
The Governing Council authorised the publication of the second European Central Bank (ECB) report on the climate-related financial disclosures of Eurosystem assets held for monetary policy purposes and the ECB’s foreign reserves. Read more
EBA: Basel III: update of the Pillar 3 disclosure framework
The European Banking Authority (EBA) published a final draft implementing technical standards on public disclosures by institutions that implement the changes in the Pillar 3 disclosure framework introduced by the amending Regulation (EU) 2024/1623. Read more ESMA: Appointment of new members of SMSG The European Securities and Markets Authority (ESMA) has appointed new members of its Securities and Markets Stakeholder Group (SMSG). On 1 July 2024 the new members will start their four-year term. 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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