EBF MORNING BRIEF Monday 9 December 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: Europe in the line of fire as Trump threatens trade war with China
The U.S. president-elect campaigned on a pledge to impose tariffs of 10 to 20 percent on all imports — and singled out China for punitive rates of 60 percent, writes Politico. Read more
Risk.net: Bilateral streaming relationships set to grow, say LPs
According to Risk.net, foreign exchange liquidity providers (LPs) say they are seeing increasing demand from clients to trade on bilateral streams instead of the traditional request-for-quote (RFQ) protocol. Read more
FT: Germany’s ‘peace chancellor’ spars with rivals over Ukraine
As Financial Times reports, at war with Russia for more than 1,000 days, Ukraine has now been sucked into another contest raging 1,000 miles to the west — the race to be Germany’s next chancellor. Read more |
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MAIN EVENTS -
ECIPE conference on the crucial role of cloud and AI leadership to drive competitiveness in EU -
Sixth Edition of The Athens Roundtable -
Council Horizontal Working Party on Cyber Issues -
European Parliament Committee on Budgetary Control (CONT) Meeting
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EBF and S&P Global Market Intelligence: BANKING ESSENTIALS Webinar
December 11, 2024 High-profile discussions, led by figures like Mario Draghi, are bringing the idea of a European Safe Asset back to the forefront.
Could this be the key to completing the EU’s Capital Markets Union and driving sustainable investments in clean tech and infrastructure?
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 Polish Bank Association (ZBP): The Christmas Wallet of Poles 2024 The average Pole plans to spend 1,576 PLN on Christmas in 2024, representing an increase of 5.77% compared to 2023. 681 PLN will be allocated to gifts, a 20.5% increase from the previous year, while expenditures for organizing the Christmas table will amount to 637 PLN, according to the "Christmas Wallet of Poles" Report, which, as every year, analyzes Poles' consumption plans during the pre-Christmas period. Read more (PL)
Finance Latvia: Survey: Most residents will allocate up to 150 euros for Christmas gifts
More than half of Latvia's residents (59%) plan to spend up to 150 euros on Christmas and New Year gifts this year, according to a survey conducted by SEB Bank.* While the majority delay purchasing gifts until the last minute, one in three have already saved money to spend on gifts. Read more (LV) Finance Denmark: Unnecessary EU legislation does not promote gender balance in Danish companies Nearly half of all Danish companies have only men on their boards. While progress is being made, it is happening too slowly. When gender diversity in the business world is lacking, society has a significant interest in creating balance. Otherwise, we risk not utilizing all available talent. Read more (DK) |
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FROM THE INSTITUTIONS
EIOPA: The IAIS elects Petra Hielkema as Vice Chair of the Executive Committee
The International Association of Insurance Supervisors (IAIS) elected Petra Hielkema, Chairperson of EIOPA as Vice Chair of the Executive Committee (ExCo) for a term of two years. As IAIS ExCo Vice Chair, Petra Hielkema will contribute to developing, and assisting in the implementation of principles and standards, promoting a more cohesive and effective framework for the insurance sector worldwide. Read more
European Council: 'The role of Ministries of Finance in the green transition’
Opening remarks by the Eurogroup President, Paschal Donohoe, at the Coalition for Capacity on Climate Action (C3A) Symposium. Read more |
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FROM THE EBF
Joint statement on Financial Data Sharing: Finding a sound approach for an effective Open Finance Framework
The European Banking Federation (EBF) has co-signed a joint statement urging EU policymakers to prioritize competitiveness and conduct a thorough assessment of the Financial Data Access (FiDA) Regulation's impact across the entire value chain before its conclusion. Together with industry partners, EBF emphasizes the need for an Open Finance framework that benefits European citizens and supports innovation in a robust, cost-effective manner. Read the full statement on our website. 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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