EBF MORNING BRIEF Monday 30 September 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
POLITICO: Cooling inflation opens door to October interest rate cut from ECB
Both France and Spain on Friday reported a sharp drop in inflation in September, giving the European Central Bank (ECB) more freedom to cut borrowing costs again at its next meeting in October, POLITICO reports. Read more
Bloomberg: ECB’s Escriva says the economic outlook is worsening
European Central Bank (ECB) Governing Council member Jose Luis Escriva said the region’s economic outlook is getting worse, according to a presentation published by Spain’s central bank and reported by Bloomberg. Read more S&P Global Market Intelligence: PKO, OTP surpass central European banking peers in NII growt Poland-based PKO Bank Polski SA and Hungary's OTP Bank Nyrt. posted the largest year-over-year increases in Q2 lending income among major regional peers, S&P Global Market Intelligence data shows. PKO Bank reported net interest income (NII) equivalent to almost €1.2 billion in the second quarter, an increase of 21.5% year over year. Read more |
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FROM EBF MEMBERS
ABBL: Response to the ECB consultation on outsourcing cloud services to cloud service providers
Summer 2024 has been a busy period for the Luxembourg Bankers' Association (ABBL) and its advocacy actions. In this regard, the European Central Bank (ECB) conducted a public consultation that run until mid-July on its draft Guide on outsourcing cloud services to cloud service providers. Read more
BPFI: BPFI Mortgage Approvals – August 2024
Mortgage activity remains robust with first-time buyer approvals reaching record high in August 2024 – latest figures from Banking & Payments Federation Ireland (BPFI). Read more
BdB: New episode of the podcast Bank Secrecy
What are the hopes for an economic recovery in the coming year? The Association of German Banks (BdB) address this topic in the lastest episode of its podcast “Bankgeheimnis”. Read more (DE) |
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FROM THE INSTITUTIONS
ECB: Technology as a new frontier for macroprudential policy
The European Central Bank (ECB) has published the welcome address by Christine Lagarde, President of the ECB and Chair of the European Systemic Risk Board (ESRB), at the eighth annual conference of the ESRB. Read more
ESRB: Old and new frontiers: Systemic risk, non-banks and data analysis
The European Systemic Risk Board (ESRB) has published the keynote speech by First Vice-Chair Olli Rehn at the eight annual conference of the ESRB. Read more
BIS: The impact of financial crises on industrial growth: lessons from the last 40 years
This Bank for International Settlements (BIS) working paper shows the impact of financial crises across industries and the total manufacturing sector. 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
Report of the C-ESG Risk Roundtable Physical Risks Workstream
The latest report of the C-level ESG Risk Roundtable is a result of the join work of the Climate Physical Risk WS members facilitated by Groupe Crédit Agricole and Société Générale as workstream leaders. 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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