EBF MORNING BRIEF Thursday 26 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: HSBC changes ECB call, sees cut every meeting starting October
The European Central Bank (ECB) will start cutting interest rates at every meeting between October and April, according to economists at HSBC. “So even if the supply side of the economy remains weak and the labour market only cools gradually, more policymakers may be persuaded that some ‘insurance’ rate cuts might be necessary,” Simon Wells and Fabio Balboni said in a note reported by Bloomberg. Read more
Reuters: ECB sees further signs of easing wage pressures
Wage pressures are easing across the Eurozone, driven in great part by lower additional compensation paid on top of negotiated wages, likely contributing to a further moderation of inflation, according to a European Central Bank (ECB) study reported by Reuters. Read more S&P Global Market Intelligence: Deutsche expects i-bank division to post 'healthy growth' in Q3 Deutsche Bank AG foresees "healthy growth" in the third-quarter performance of its investment banking division, driven by both an increase in market size and market share gains, S&P Global Market Intelligence reports. Read more |
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FROM EBF MEMBERS
BdB: Economic forecast: Economic recovery postponed until 2025
The chief economists of the private banks have adjusted their assessment of the economic development in Germany. The German Banking Association (BdB) is forecasting slight economic growth of 0.7 percent for 2025. Read more (DE)
Febelfin: 80% of hacks preventable!
80% of hackings could have been prevented thanks to two-step verification. To keep criminals out, the Centre for Cybersecurity Belgium (CCB), Febelfin and the Cyber Security Coalition is launching a new campaign to promote two-step verification. Read more
Finance Norway: Law enforcement to fight crime
The government will investigate the legislation that stands in the way of combating frauds and other financial crimes. Finance Norway supports the initiative. Read more (NO) |
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FROM THE INSTITUTIONS
ECB: Findings from a survey of leading firms on labour market trends and the adoption of generative AI
A European Central Bank (ECB) survey asked leading non-financial companies about the drivers of some key characteristics of the euro area labour market in recent years. The firms were also asked about the take-up of generative artificial intelligence (Gen AI). Read more
BIS: Tiff Macklem: Economic growth during uncertain times
The Bank for International Settlements (BIS) has published remarks about the economic growth during uncertain times by Tiff Macklem, Governor of the Bank of Canada, at the Institute of International Finance (IIF) and the Canadian Bankers Association (CBA) Forum in Toronto. Read more
ESRB: New Frontiers in Macroprudential Policy
On Thursday, 26 September, and Friday, 27 September, will take place the eight European Systemic Risk Board (ESRB) annual conference. 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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