EBF MORNING BRIEF      Monday 30 October 2023

FROM THE MEDIA

Bloomberg: Lagarde urges EU to agree on fiscal pact for sake of unity

European Central Bank (ECB) President Christine Lagarde urged EU leaders to come to an agreement on their fiscal rules before the end of the year. Ensuring a deal about the implementation of the Stability and Growth Pact would be an important signal of unity, Lagarde said according to an official heard by Bloomberg. The bloc’s framework must promote both debt sustainability and investment. Read more

Reuters: ECB survey sees inflation back near target by 2025

Eurozone inflation will have almost fallen back to the European Central Bank (ECB)'s 2% target in 2025, says Reuters. But economic growth will remain weak and below 1% through next year, according to the ECB's quarterly Survey of Professional Forecasters. Read more

Finextra: How the cloud can help achieve your firm’s ESG goals

Finextra sat down with the chief technology officer at EQ Bank, Dan Broten to explore how the cloud can be leveraged to accomplish ESG goals. He explained that running on the cloud has saved costs and driven the operations systems to mature. Read more

MAIN EVENTS

• Council Working Party on Financial Services and the Banking Union (Financial Services) 

• Council Working Party on Competitiveness and Growth (Internal Market)

• Council Working Party on Competition

EBF and S&P Global Market Intelligence

Banking on the cloud: Exploring the evolving
landscape of digital finance

3:30 - 4:30 (CET) | ONLINE WEBINAR

In an evolving marketplace driven by the surging demand for digital services, banks are embracing the public cloud to meet customer needs, boost efficiency, accelerate business growth, and stay competitive. Yet, for many organizations, moving to the cloud is more challenging than expected. Key hurdles revolve around governance and regulation. 

Join our panel of experts as they discuss the key benefits and challenges
of public cloud banking in 2023 and beyond.

FROM EBF MEMBERS

Finance Norway: No super profit in the banks

Norwegian Social Democratic Party (SV) and Elisabeth Kaski are going against banks to save their election promises with higher finance tax. "This is not how we should regulate banks," writes Tom Staavi, Director of information at Finance Norway. Read more (NO)

BPFI: Mortgage Drawdowns Q3 2023

The Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Drawdowns Report for Q3 2023 and the BPFI Mortgage Approvals Report for September 2023. Read more

LBA: AI revolution is gathering pace

In 2022, ChatGPT amazed the world with artificial intelligence (AI). But in the midst of the ongoing AI fever, it is often forgotten that we have been in contact with AI for years, an article published by the Liechtenstein Bankers Association (LBA) mentions. Read more (DE)

FROM THE INSTITUTIONS

ECB: Decisions taken by the Governing Council 

The European Central Bank (ECB) published the decisions taken by the Governing Council in addition to those on interest rates. This includes the regular review of the Eurosystem’s climate score methodology and tilting framework for purchases of corporate sector securities and the launch of the preparation phase for a digital euro. Read more

EIOPA: Heads of EU Agencies and Joint Undertakings meeting

The European Insurance and Occupational Pensions Authority (EIOPA) welcomed the heads of EU agencies and joint undertakings to Frankfurt. During the day, agency heads explored areas for further cooperation in line with the EUAN multi-annual strategy. Read more

BIS: Deposit stability: what should policymakers look at?

Fernando Restoy, Chair of the Financial Stability Institute, delves into lessons for deposit stability and depositor protection following the bank failures in 2023. "More stringent prudential requirements and oversight could help reduce the likelihood of bank runs," he says, as reported by the Bank for International Settlements (BIS). 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

European Banking Federation