EBF MORNING BRIEF Monday 4 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: Eurozone inflation rises to 2% in October
Eurozone inflation rose to 2% in October, meeting the European Central Bank’s (ECB's) target and bolstering the case for a smaller quarter-point rate cut in December, the Financial Times (FT) reports. Read more
Bloomberg: ECB’s Panetta warns low inflation risks require more rate cuts
The European Central Bank (ECB) must continue to lower borrowing costs to keep inflation from undershooting, according to what Governing Council member Fabio Panetta told Bloomberg. Read more
Reuters: Europe's growth rebound hinges on savings puzzle
According to Reuters, European families are sitting on an ever-growing pile of savings, confounding hopes that consumer largesse can boost the region's economy as it falls yet further behind that of the United States. Read more |
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FROM EBF MEMBERS BdB: Five tips for secure online identification Open a bank account in a branch or do it digitally? Make an appointment for vehicle registration on site or apply online? According to the Association of German Banks (BdB), for many people, digital services have long been part of everyday life. Read more (DE)
Febelfin: ICB sector figures 2nd quarter 2024
In the second quarter of 2024, the Belgian fund sector recorded an increase of +1.6%, mainly driven by price increases recorded on the underlying assets, supplemented by slight net subscriptions. Read more (FR) Finance Latvia: 67% of people regularly shop in online stores Payment security, store recognition and a clear product return policy are the three main factors that increase people's trust in online stores, according to a survey conducted by SEB banka. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Euroarea bank interest rate statistics: September 2024
According to the European Central Bank (ECB), composite cost-of-borrowing indicator for new loans to corporations decreased by 21 basis points to 4.80%, driven by interest rate effect; indicator for new loans to households for house purchase decreased by 10 basis points to 3.63%, driven by interest rate effect. Read more
EIOPA: Risk dashboard on occupational pension funds continues to show market risks as key concern
The European Insurance and Occupational Pensions Authority (EIOPA) published its October 2024 risk dashboard for institutions for occupational retirement provision. Read more
ESAs: Pubblication 2024 Joint Report on principal adverse impacts disclosures under the Sustainable Finance Disclosure Regulation
The European Supervisory Authorities (ESAs) have published their third annual Report on disclosures of principal adverse impacts under the Sustainable Finance Disclosure Regulation (SFDR). 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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