EBF MORNING BRIEF Thursday 11 July 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 FT: Top ECB official sounds alarm on rising risks from shadow banking A senior European Central Bank (ECB) official has said the “remarkable” growth of private funds and other sources of finance outside the regulated banks is the biggest threat to the stability of the Eurozone’s financial system. “There are certainly caution lights in front of us,” McCaul, an ECB supervisory board member, told the Financial Times (FT). Read more Risk.net: Fresh EU push for single securities supervisor to compete with US According to Risk.net, European lawmakers are urging the creation of a single European securities supervisor, to match the role of the US Securities and Exchange Commission (SEC) and help stimulate greater use of capital markets in the European Union. Read more Reuters: Late 2027 looms as 'realistic' date for Europe's stock market shake up A coordinated move by stock markets in the European Union and Britain to catch up with Wall Street by halving the settlement time for transactions could realistically happen in late 2027, Reuters reports. Read more |
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FROM EBF MEMBERS
CBA: Inflation fell to 2 percent in June
June year-on-year inflation fell from 2.6% to 2% and thus ended significantly below the market estimate. According to the Czech Banking Association (CBA), month-on-month prices fell by 0.3%. Read more (CZ)
ABBL: Understanding the increase in interest margins
The Luxembourg Bankers' Association (ABBL) recently responded to concerns about the significant increase in interest margins in Luxembourg banks. These margins are the result of necessary adjustments and long-term financial stability. Read more
Finance Latvia: How to protect your payment card outside the home?
During the summer people are more relaxed. However the attention can be easily lost: for example, a payment card may be lost or even stolen, or a higher fee may be charged for some purchases without noticing. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Survey on credit terms and conditions in euro-denominated securities financing and SESFOD
The European Central Bank (ECB) has published the results of the June 2024 Survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD). Read more
ESMA: Statement on use of collateral by NFCs acting as clearing members
The European Securities and Markets Authority (ESMA) issued a statement on deprioritising supervisory actions linked to the eligibility of uncollateralized public guarantees, public bank guarantees, and commercial bank guarantees for Non-Financial Counterparties (NFCs) acting as clearing members, pending the entry into force of EMIR 3. Read more BIS: Secretary General and Innovation Hub leadership appointments The Board of Directors of the Bank for International Settlements (BIS) announced the appointment of Véronique Sani as Secretary General. Her appointment takes effect on 1 December 2024 and is for a five-year term. 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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