EBF MORNING BRIEF Thursday 4 July 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 Reuters: ECB policymakers urge review of QE consequences Some European Central Bank (ECB) policymakers are urging a review of the aggressive monetary stimulus policies the ECB employed for nearly a decade to tackle low inflation, sources told Reuters. Their calls represent one of the most direct challenges yet to the logic that underpinned quantitative easing (QE). Read more
Euronews: ECB’s Lagarde foresees a bumpy road to 2% inflation amid uncertainties
Christine Lagarde, President of the European Central Bank (ECB), highlighted the complex journey towards achieving the ECB's 2% inflation target during her address at the ECB Forum on Central Banking in Portugal, Euronews reports. Read more
Risk.net: AI could cut time for money laundering checks by 99%
According to Risk.net, a leading cryptocurrency exchange has built a large language model (LLM) that its risk managers believe will cut the time for basic anti-money laundering (AML) checks by as much as 99%. Read more |
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MAIN EVENTS
Thursday 4 July
Council Working Party on the Environment Friday 5 July |
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FROM EBF MEMBERS
ABBL: Reply to ESMA’s consultation on MiCA
The Luxembourg Bankers' Association (ABBL) has provided its response to the European Securities and Markets Authority (ESMA) consultation on the Markets in Crypto Assets Regulation (MiCA). Read more
FBF: Roula Manassa becomes President of the Pays de la Loire regional banking committee
The banking committee of the French Banking Federation (FBF) Pays de la Loire has elected Roula Manassa as its president for a two-year term. Read more (FR) Finance Latvia: Hobby and financial stability Hobbies play a role in ensuring the quality of our lives. However, they tend to generate more or less costs, which should be evaluated when choosing a new passion. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Consolidated financial statement of the Eurosystem
The European Central Bank (ECB) has published the consolidated financial statement of the Eurosystem as of 28 June 2024. Read more
EIOPA: Publication of biannual shifted risk-free rates for duration calculation in financial stability reporting
The European Insurance and Occupational Pensions Authority (EIOPA) published today the shifted risk-free interest rate (RFR) term structures. These term structures are applied to calculate the option-adjusted duration of technical provisions, which must be reported according to the Guidelines on reporting for financial stability purposes. Read more ESAs: Registration now open for Joint Consumer Protection Day The registration for the 11th Joint Consumer Protection Day organised by the European Supervisory Authorities (ESAs) on 3 October 2024 in Budapest is now open. 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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