EBF MORNING BRIEF Thursday 23 January 2025 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
Reuters: ECB policymakers line up behind rate cuts
According to Reuters, ECB policymakers strongly back further interest rate cuts, signaling a near-certain reduction next week and additional moves in 2025 to stimulate growth and counter weak inflation. Read more
S&P: French banks forecast to post record aggregate revenue, profits for 2024
BNP Paribas, Crédit Agricole and Société Générale are expected to have largely overcome political and economic turbulence in France during 2024 to deliver their best-ever aggregate full-year performance, according to analyst consensus estimates, as per S&P Global. Read more
Financial Times: Rachel Reeves gives UK car lenders an unexpected jump-start
UK Chancellor Rachel Reeves' intervention in a Supreme Court case offers some relief to car lenders facing potential multibillion-pound compensation claims, signaling a shift toward more growth-focused financial regulation, writes the Financial Times. Read more |
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EVENTS
Thursday 23January
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EBF: Launch of the new C-ESG Risk Roundtable Data Workstream report - Webinar -
Friday 24 January -
ILF 13th Conference on the Future of the Financial Sector: Bank Disintermediation – Causes and Consequences -
ECB: Quarterly data on government deficit/debt (Eurostat) (Q3 2024) -
ECB: Monthly indicator on government debt securities (Dec.2024) -
World Economic Forum -
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Council Working Party on Tax Questions – Direct Taxation
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FROM EBF MEMBERS Finance Denmark: Feedback on Transaction Data Reporting Finance Danmark supports changes to reporting requirements proposed by ESMA but highlights challenges with implementing new transaction identifiers and adapting to non-EEA trading venues. Read more (DA)
Finance Finland: Labor Organizations Demonstrate Strength in Pension Agreement
Finance Finland praises a new Finnish pension reform focusing on financing without reducing benefits or retirement age, emphasizing the importance of risk management for sustainable long-term returns. Read more (FI)
Finance Latvia: Survey: One in Four Young Latvians Own Their Home
A Luminor survey reveals that 24% of Latvians aged 18-29 own a home, aided by state support and parental assistance, highlighting young professionals' focus on early homeownership. Read more (LV)
Polish Bank Association: Convention for the Cooperation and Development of Polish Cooperative Banking 2025 The annual convention, held on January 22-23 in Józefów, Poland, gathers cooperative banking leaders to discuss strategies for strengthening local economies and fostering collaboration. Read more (PL) |
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FROM EBF
New EBF Vacancy! Work with us!
Visit our Vacancies page to learn more about the EBF Events Trainee opening. Read more
Facts&Figures 2024
The European Banking Federation (EBF) has published Facts & Figures 2024, its annual update on the banking sector in Europe. Building on 2023 data from the European Central Bank (ECB), the statistical publication provides users with a unique perspective on the structure, performance, lending, and deposit trends in European banking alongside a country-by-country overview. Read more
New Report of the C-ESG Risk Roundtable Data Workstream
The latest report from the Data Workstream of the C-ESG Risk Roundtable explains how climate change and biodiversity- and ecosystems-related disclosures from non-financial corporates under the CSRD can be utilized by banks for risk management purposes. It serves as a starting point for fostering better dialogue between banks and non-financial corporates, ultimately contributing to key processes such as customer due diligence, customer risk assessments, and credit ratings. 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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