EBF MORNING BRIEF Thursday 19 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
Bloomberg: ECB should continue to reduce interest rates, Villeroy says
The European Central Bank (ECB) should continue to lower rates as inflation is set to return durably to 2% next year, Governing Council member Francois Villeroy de Galhau told Bloomberg. Read more
Reuters: Eurozone inflation not where ECB wants it to be, Bundesbank chief says
Eurozone inflation is still not as low as the European Central Bank (ECB) would like, so interest rates need to remain sufficiently high to resolve price pressures, Bundesbank President Joachim Nagel said as reported by Reuters. Read more
The Banker: UK and European bank mergers to increase in 2025
Mergers and acquisitions among UK and European banks are set to increase in the coming year as they come under pressure from a combination of lower interest rates, government actions and financial sponsors looking for a way out, The Bankers reports. Read more |
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MAIN EVENTS
Thursday 19 September
European Committee of the Regions ‘AI in the public sector’ ECON stakeholder consultation
Friday 20 September
Council Working Party on the Environment |
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Banking Governance Program Lausanne - October & January |
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| | A new Banking Governance program was launched by IMD, the international business school in Lausanne, in partnership with the European Banking Federation.
This program is tailored for leaders in the banking and finance sectors, addressing the specific governance challenges of a complex and heavily regulated industry. Participants will gain valuable insights into best practices and strengthen their ability to navigate regulatory requirements and guide their institutions more effectively.
The program consists of two modules offered on the IMD Campus in Lausanne:
Module 1: 21 – 24 October 2024;
Module 2: 27 – 30 January 2025.
Through this partnership, EBF members (and their members) are entitled to a 25% discount for the first program. For more information visit the IMD website, reach out directly to EBF (s.debrouwer@ebf.eu) and IMD (stephane.attias@imd.org) and follow the upcoming information webinar on September 20th at 16.30 CET via MS Teams. |
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FROM EBF MEMBERS BPFI: FraudSMART Money Mules Survey 2024 Over €44 million (€44.1m) has been laundered through money mule accounts in the three years to H1 2024, according to new figures released by FraudSMART, the fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI). Read more Finance Latvia: The economy is entering an era of peaceful development Latvia's economy is moving from a spiral of wages and prices to a more peaceful regime of change, concluded the Luminor economic review, which was presented by Luminor Bank's Chief Economist Pēteris Strautiņš. Read more (LV) UK Finance: RLN Experimentation Phase – Final Reports UK Finance announces the successful outcome of the Regulated Liability Network (RLN) Experimentation Phase with the launch of three reports. Read more |
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FROM THE INSTITUTIONS
ECB: The future of European banking supervision
The European Central Bank (ECB) has published the keynote speech by Elizabeth McCaul, Member of the Supervisory Board of the ECB, at the Supervision Innovators Conference 2024. Read more
BIS: Shifting landscapes: life insurance and financial stability
The past decade’s low rate environment challenged traditional life insurers’ business models and has been a catalyst for ongoing shifts in the sector. To sustain profitability, life insurers have increased exposures to riskier and less liquid asset classes, the Bank for International Settlements (BIS) reports. Read more EC: Mission letter - Maria Luís Albuquerque The European Commission (EC) has shared the mission letter President Ursula von der Leyen sent to Maria Luís Albuquerque, Commissioner-designate for Financial Services and the Savings and Investments Union. 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
European credit sector associations call for boosting fraud prevention efforts across the fraud chain
The European Credit Sector Associations, composed of the European Association of Cooperative Banks (EACB), the European Banking Federation (EBF), the European Savings and Retail Banking Group (ESBG) welcome the publication by the Euro Retail Payments Board (ERPB) of its Working Group Report on fraud related to retail payments. Read more
EBF Paper: Open Strategic Autonomy & Market Access
The European Banking Federation (EBF) publishes this paper with the hope of contributing the European banking sector’s view to an important public discussion around OSA and market access. 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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