EBF MORNING BRIEF Thursday 30 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
The Banker: Santander UK chair leaves – what next for the bank?
Chair William Vereker’s departure follows Santander’s early-stage review of options for its UK business, including a potential exit, despite assurances that the UK remains a ‘core market’, as per The Banker. Read more
Reuters: HSBC's global brand in the balance as it doubles down on Asia bet
According to Reuters, HSBC is intensifying its focus on Asia by scaling back M&A and equity capital operations in Europe and the Americas. Read more
Financial Times: The lucrative business of airline loyalty schemes
Airline loyalty programs generate billions by selling miles to banks and credit card companies, but tighter elite status rules are frustrating customers, writes the Financial Times. Read more |
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EVENTS
Thursday 30 January
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Governing Council of the ECB: monetary policy meeting in Frankfurt -
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ECB: Semi-annual payments statistics (all related datasets) (H1 2024) -
Eurostat ‘Business Demography – preliminary data, 2023’ data release -
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Council Working Party on Tax Questions – Indirect Taxation
Friday 31 January -
Eurostat ‘Preliminary flash estimate GDP – EU and euro area (Q4 2024)’ data release -
Eurostat ‘Contingent liabilities and non-performing loans, 2024’ data release -
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Council Counsellors/Attaches Fiscaux meeting
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FROM EBF MEMBERS Czech Banking Association: Banks Prevented Cyber Attacks Worth 8 Billion CZK in 2024 Czech banks successfully blocked cyberattacks targeting foreign customers, preventing financial damage of up to 8 billion CZK last year. A quarter of the attacks were directed at international clients. Read more
Association of German Public Banks: Public Banks Call for Reduced Regulatory Burden Before 2025 Elections
Ahead of Germany's 2025 federal elections, public banks (VÖB) are advocating for a reduction in regulatory burdens to enhance financial stability and support economic growth. Read more (DE)
Hellenic Bank Association: HBA Supports Digital Transformation and Innovation in Banking
The Hellenic Bank Association emphasizes the importance of digital transformation in banking, highlighting efforts to modernize services, enhance cybersecurity, and improve customer experiences. Read more (EL)
Italian Banking Association: ABI President’s Mission to Brussels
The President of ABI traveled to Brussels to discuss key financial sector issues, including European banking regulations, financial stability, and Italy’s role in EU financial policymaking. Read more (IT) |
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FROM THE INSTITUTIONS
European Central Bank: Monetary developments in the euro area: December 2024
December 2024 monetary developments show a decline in short-term deposit growth to 4.5% and marketable instruments growth to 16.3%. Read more |
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FROM EBF
Chair of the European T+1 Industry Committee welcomes the official launch of the governance structure for the transition to T+1 Settlement Cycle
The European Securities and Markets Authorities (ESMA) hosted a meeting to launch the T+1 Governance framework, aiming to coordinate the move to a shorter settlement cycle for securities transactions in the EU, aligning with the UK and Swiss markets, while ensuring industry-wide collaboration and minimizing disruption. Read more
Launch of the Report of the C-ESG Risk Roundtable Data Workstream
Discover how banks are using CSRD disclosures for risk management in our C-ESG Risk Roundtable Data Workstream report launched on January 23rd. Hear from Nordea, ING, and the ECB on data use, challenges, and quality improvement. Watch the recording here Jérôme Raguénès, Director of Digital, Payments and Operational Resilience at FBF on fraud Combating sophisticated fraud requires a coordinated effort across sectors, including enhanced security, cross-industry collaboration, and stronger regulation to safeguard the payment ecosystem. Watch the video New EBF Vacancy! Work with us! Visit our Vacancies page to learn more about the EBF Events Trainee opening. 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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