EBF MORNING BRIEF Monday 7 October 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA
Bloomberg: ECB will ‘quite probably’ cut rates this month, Villeroy says
The European Central Bank (ECB) will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau. Inflation fell below the ECB’S 2% target in September and the core measure of price increases should gradually recede close to that level in 2025, he said in an interview reported by Bloomberg. Read more
Reuters: ECB's chief supervisor presses for cross-border mergers
The European Central Bank's (ECB's) chief supervisor pressed her case for cross-border bank mergers. "Cross-border activities and mergers can provide opportunities to generate economies of scale and scope," Claudia Buch told Reuters. Read more
The Banker: France, Germany, Italy urge EU to consider Basel rules changes
France, Germany and Italy have asked the European Commission to consider changes to the EU’s Basel III framework implementation, due to come into effect in January, in order to protect “the competitiveness of the financial sector”, The Banker reports. Read more |
|
FROM EBF MEMBERS ABBL: Understanding the new legal framework for the transfer of non-performing loans In light of the recent law of 15 July 2024 regarding the transfer of non-performing loans (NPLs), the Luxembourg Bankers' Association (ABBL) has developed a set of Questions and Answers to help members navigate this complex regulatory landscape. Read more
Finance Latvia: Experts involved in the Money Day initiative in schools
For the third year in a row, the Swedbank Financial Institute will organize a free online training program for all class groups in all Latvian schools on October 31. Read more (LV)
Finance Denmark: Danish bank customers are still among the most mobile in the EU
The proportion of Danes who change banks has remained relatively stable at around 4-4.5% in the last ten years. Danish bank customers are thus still among the most active in the EU when it comes to changing banks. Read more (DK) |
|
FROM THE INSTITUTIONS
ECB: Towards a digital capital markets union
The European Central Bank (ECB) has published the keynote speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Bundesbank Symposium on the Future of Payments. Read more
BIS: Quantum computing and the financial system
According to the Bank for International Settlements (BIS), quantum computers are still in an experimental phase, but in the future, they may have a profound impact on the financial system. Read more
EIOPA: Monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures
The European Insurance and Occupational Pensions Authority (EIOPA) has published technical information on the relevant risk-free interest rate term structures (RFR) with reference to the end of September 2024. Read more |
|
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 |
|
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 |
|
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
|
|
|
|
