EBF MORNING BRIEF Monday 25 November 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: Sharp fall in Eurozone activity raises odds of half-point ECB rate cut
Eurozone business activity fell sharply in November, increasing the odds of a half-point interest rate cut by the European Central Bank next month, the Financial Times (FT) reports. Read more
Politico: Climate proposal would see rich countries pay $250B a year
The draft agreement comes with many uncertainties about which nations will provide how much financing to poorer countries, especially with a new Trump era looming in the U.S., Politco wites. Read more
Bloomberg: Euro-Zone Private Sector Unexpectedly Slips Into Contraction
As Bloomberg reports, The composite Purchasing Managers’ Index by S&P Global slid to 48.1 from 50 in October, dipping back beneath the level that separates growth from contraction. Read more |
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MAIN EVENTS Lexxion ‘The Effect of AI on the Cybersecurity of Personal Data (GDPR 2.0)’ workshop 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 Azerbaijan Banks Association (ABA): The meeting of the ABA's "Expert Group on Internal Audit" was held On November 22, 2024, the ABA's "Expert Group on Internal Audit" discussed key topics, including ESG risk management and corporate governance standards, agreeing on future actions. The meeting aligns with ABA's mission to support its 29 member organizations. Read more (AZ)
French Banking Association (FBF): Key Figures of the French Banking Sector
The French Banking Association has published the latest key figures of the French Banking Sector. Banks, loans, savings, payments, climate, employment... this data summary presents the main facts and figures of the French banking sector. Read more (FR) Finance Latvia Association: Swedbank Baltic Housing Affordability Review: Housing affordability in Riga improved in the third quarter Housing affordability improved in all Baltic capitals in the third quarter, with Riga seeing the fastest growth due to slightly lower apartment prices, declining mortgage interest rates, and rising wages, while challenges remain in the new apartment market. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Follow the money: channelling savings into investment and innovation in Europe
Speech by Christine Lagarde, President of the European Central Bank, at the 34th European Banking Congress: "Out of the Comfort Zone: Europe and the New World Order". Read more
BIS: Banks' liquidity risk: what policy could do
Speech by Mr Fernando Restoy, Chair, Financial Stability Institute, at the XXIII Annual Conference on Risks, Club de Gestión de Riesgos España, Madrid, 22 November 2024. Read more
EC: Commission finds German public capital injection in favour of WestSpiel to be incompatible State aid
The European Commission has concluded that a German public capital injection in favour of the casino operator Westdeutsche Spielbanken GmbH & Co. KG (WestSpiel) is not in line with EU State aid rules. Germany must now recover the incompatible aid, including interest. 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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