EBF MORNING BRIEF Monday 6 May 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
Bloomberg: ECB isn’t pre-committing to particular rate path
The European Central Bank (ECB) is taking a meeting-by-meeting approach for it’s next steps on monetary policy, according to Chief Economist Philip Lane. “We are not pre-committing to a particular rate path,” said Lane according to Bloomberg. Read more
The Banker: Universal sustainable taxonomy next step for green investments
As noted by The Banker, the adoption of a universal sustainable taxonomy could significantly improve investment in sustainable assets by giving investors a better understanding of associated risk. As such investments become increasingly mainstream, those that do not adopt such a common approach risk being frozen out of the financial sector. Read more
Reuters: ECB's Stournaras sees just three rate cuts in 2024
The European Central Bank (ECB) is "most likely" to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, ECB policymaker Yannis Stournaras said in an interview with a Greek media outlet, Reuters reports. Read more |
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FROM EBF MEMBERS
Finance Denmark: A record few young investors stopped investing in the crisis year 2022
With sky-high inflation and rising interest rates, 2022 was an economically tough year for many Danes. Even so, a record few of the 18-29-year-old investors stopped investing in 2022. At the same time, the persistence of the young investors helped ensure that the number of adult investors grew to 1,400,000. This is shown by a new analysis from Finans Danmark. Read more (DK)
ABBL: Two Chairmans reflecting on recent developments and forthcoming challenges
On the handover of the presidency of the The Luxembourg Bankers' Association (ABBL), Guy Hoffmann, the outgoing chairman, and Yves Stein, the newly elected chairman, take a moment to ponder recent developments within the ABBL and the forthcoming challenges awaiting Luxembourg banks. Read more
BPFI: Mortgage Approvals – March 2024
Banking & Payments Federation Ireland (BPFI) published latest figures from the Mortgage Drawdowns Report for Q1 2024 and Mortgage Approvals Report for March 2024. Read more |
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FROM THE INSTITUTIONS
ECB: Euro area bank interest rate statistics: March 2024
The European Central Bank published the Euro area bank interest rate statistics for March 2024. Composite cost-of-borrowing indicator for new loans to corporations increased to 5.18%, driven by interest rate effect; indicator for new loans to households for house purchase decreased by 5 basis points to 3.80%, driven by interest rate effect. Read more
SRB: MBDT public consultation: deadline extended
The Single Resolution Board (SRB) is extending the deadline for the minimum bail-in data template (MBDT) public consultation to 15 May 2024, offering stakeholders additional time to contribute and provide feedback. Read more EIOPA: IORP Risk Dashboard highlights market risks as key concern for occupational pension funds The European Insurance and Occupational Pensions Authority (EIOPA) published the second edition of its Occupational Pensions Risk Dashboard, which shows that Institutions for occupational retirement provisions' (IORPs) exposure to market & asset return risks remains at a high level due to market volatility and real estate market vulnerabilities. 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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