EBF MORNING BRIEF Thursday 21 November 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
The Banker: How Trump’s deregulation drive could impact banks
After the Federal Reserve in September announced watered-down Basel Endgame capital requirements for US banks following intense lobbying, the Basel rules may be rolled back further or scrapped altogether under the new administration, according to Michael McTamney, a senior vice-president at Morningstar, writes The Banker. Read more
FT: ECB warns low growth and high debt risk Eurozone crisis
According to Financial Times (FT), the Eurozone risks another debt crisis if the bloc cannot boost growth, lower public debt and fix “policy uncertainty”, the European Central Bank has warned. In its annual Financial Stability Review, published on Wednesday, the ECB sounded the alarm over a potential return of “market concerns over sovereign debt sustainability”. Read more
S&P: Europe's biggest banks bolster liquidity in Q3 2024
Nearly two-thirds of the region's 30 biggest banks by assets recorded better liquidity coverage ratios (LCRs) at September-end versus a year earlier. Denmark's Nykredit A/S, with a ratio of 453.0%, was comfortably at the top of the list following a 91-percentage-point (pps) increase year over year, S&P Global Market Intelligence data shows. Read more |
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MAIN EVENTS Thursday 21 November -
Deutsche Bundesbank: Press conference for the 2024 Financial Stability Review -
The Tokenisation Summit -
Council Working Party on Financial Services and the Banking Union (Financial Services) -
Council Working Party on Consumer Protection and Information -
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IRIS ‘Cryptocurrencies and financing the criminal economy: dangerous liaisons?’ webinar
Friday 22 November -
Council Working Party on Financial Services and the Banking Union (Financial Services)
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FROM EBF MEMBERS The Albanian Association of Banks (AAB): The Albanian Association of Banks and the Deposit Insurance Agency Organize a Meeting on Cybersecurity The Albanian Association of Banks (AAB), in collaboration with the Deposit Insurance Agency, organized an awareness meeting focused on the importance of cybersecurity for the Albanian financial system. The event took place on November 14, 2024, with the participation of representatives from the Bank of Albania and member banks of the AAB. Read more (AL)
Finance Finland: "In the Future, the Role of the Financial Sector Will Be Even More Critical" – FA Event Explores New Drivers of Economic Growth
Clouds continue to loom over Finland's economy, with no easy relief in sight. Economic growth remains elusive, the population is aging, and a series of crises have followed one after another. How can we navigate these challenging circumstances toward sustainable growth? What concrete actions could be taken in Finland? What role does the financial sector play in fostering new growth? Read more (FI)
Luxembourg Bankers' Association (ABBL): Greenwashing in finance: Not everything green is truly sustainable
Sustainable finance is on the rise, but not everything claiming to be green is as it seems. To protect investors and promote transparency, Lëtzfin has launched a campaign to rto make financial consumers aware of the various pitfalls and, above all, to be vigilant. This initiative aims to equip investors with the knowledge to identify misleading practices and make informed decisions, ensuring their investments deliver real environmental and social impact. Read more |
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FROM THE INSTITUTIONS ECB: Euro area financial stability vulnerabilities remain elevated in a volatile environment The European Central Bank (ECB) sees elevated financial stability vulnerabilities in a volatile environment, according to its November 2024 Financial Stability Review, which was published yesterday. Read more
ESMA: Active Account Requirement - ESMA is seeking first input under EMIR 3
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Consultation Paper (CP) on the conditions of the Active Account Requirement (AAR) following the review of the European Market Infrastructure Regulation (EMIR 3). Read more
EBA: The European Supervisory Authorities (EBA, EIOPA, ESMA – ESAs) publish Joint Guidelines on the system for the exchange of information relevant to fit and proper assessments
To enhance the information exchange between supervisory authorities within the European Union, also across different parts of the financial sector, the ESAs have developed an ESAs F&P Information System. The Joint Guidelines clarify its use and how data can be exchanged. 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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Press release: Europe’s economic challenges demand a strategic vision to enable a competitive future!
The European Banking Federation (EBF) has issued a press release addressing the pressing economic challenges facing Europe and the strategic vision needed for a competitive future.
Highlighting the critical role of the banking sector in fostering stability and supporting Europe's transformation, the release underscores the importance of a predictable regulatory and fiscal environment to sustain growth. It raises concerns over proposed disproportionate banking taxes, which could undermine investment and innovation, jeopardizing Europe’s competitiveness and resilience.
The EBF calls for policymakers to align actions with strategic goals, empowering the financial sector to drive the region’s path to stability, innovation, and global leadership. 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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