EBF MORNING BRIEF Monday 9 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
Euronews: ECB rate cut looking more likely as eurozone growth downwardly revised
Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong growth. According to Euronews, the European Central Bank (ECB) is expected to cut rates by 25bps next week. Read more
Reuters: ECB gives green light to BBVA's acquisition of Sabadell
The European Central Bank (ECB) has authorised BBVA's offer for Sabadell, part of the regulatory process for the Spanish bank's hostile bid for its smaller rival, Reuters reports. Read more
The Banker: EU official raises concerns over liquidity regulation
A senior official at the EU body tasked with macro-prudential oversight of the bloc’s financial system has questioned the adequacy of liquidity regulations for lenders, adding to a chorus of concern from regulators around the world in the wake of last year’s banking crisis, The Banker highlights. Read more |
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MAIN EVENTS Council Working Party on the Environment Council Horizontal Working Party on Cyber Issues Horizontal Working Party on Cyber Issues |
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FROM EBF MEMBERS
Finance Latvia: The reduction of pension level 2 contributions undermines confidence in the state pension
Finance Latvia does not support the government's plan to reduce the contribution pension in the 2nd level by 1%, because with such a step the government solves today's problems at the expense of future pensioners or today's workers. Read more (LV)
SFF: New book on finance to secondary schools
The educational forum Fjæmálavit has started giving a new book on personal finances to students and teachers in secondary schools. The book is called Smart steps in finance and is written by Gunnar Baldvinsson, Finance Iceland (SFF) reports. Read more (IS)
BPFI: Open Banking: Empowering consumers or inviting chaos? At FintechNation24 on 20 September 2024, The Banking & Payments Federation Ireland (BPFI) will held a panel in which benefits & challenges of open banking will be discussed. Read more |
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FROM THE INSTITUTIONS
ECB: Frank Elderson: Nature-related risk: legal implications for central banks, supervisors and financial institutions
The European Central Bank (ECB) has published the keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the ESCB Legal Conference 2024. Read more
BIS: Falling rates, rising credit
According to the Bank for International Settlements (BIS), since the 2000s, declining interest rates boosted credit in emerging markets' housing sector, coinciding with lower overall growth. Read more Eurostat: GDP up by 0.2% and employment up by 0.2% in the euroarea In the second quarter of 2024, seasonally adjusted GDP increased by 0.2% in both the euroarea and the EU, compared with the previous quarter. In the first quarter of 2024, GDP had grown by 0.3% in both zones. 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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