EBF MORNING BRIEF Thursday 11 January 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: Eurozone economy may continue to struggle, Guindos says
The eurozone economy may have experienced a downturn at the end of last year and will probably continue to struggle, according to European Central Bank (ECB) Vice President Luis de Guindos. Investors and analysts heard by Bloomberg have been betting that reductions in interest rates will begin in the spring. Read more Reuters: Central banks to intervene more in bond markets Central banks will have to intervene more frequently in government bond markets and policymakers should review prudential regulation to make the market more resilient, a study by the trade body International Capital Markets Association (ICMA) said. The report is based on the biggest government bond markets in Europe, Reuters notes. Read more S&P Global Market Intelligence: Nova Ljubljanska Banka shows biggest share price upside among CEE, SEE banks Slovenia-based Nova Ljubljanska Banka has the most share price growth potential among major listed lenders in Central and Southeast Europe, an S&P Global Market Intelligence analysis shows. Slovenian banks should be able to absorb the burden of a new windfall tax on bank profits, S&P Global Ratings said. Read more |
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MAIN EVENTS
Thursday 11 January
Friday 12 January
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FROM EBF MEMBERS
Finance Finland: The SFDR has promise but lacks in execution
Finance Finland has responded to the European Commission’s targeted consultation on the implementation of the EU Sustainable Finance Disclosures Regulation (SFDR). The response considers the objectives of the SFDR to be supportable but does not think they are currently appropriately achieved. Read more UK Finance: AI policy and regulation: a busy agenda for 2024 In this blog, UK Finance summarises key regulatory developments over the past year impacting the use of artificial intelligence (AI) in financial services and looks at how they will develop over the coming year. Read more
Finance Denmark: Framework for income taxation in Europe
Finance Denmark has submitted a consultation response to the Ministry of Taxation for a framework for income taxation in Europe. It notes that the proposal could contain measures that could lead to more uniform tax conditions. However, the proposal does not contain a specification that immediately allows for a precise assessment of the effects of the material changes for the groups that are mandatorily covered by the directive. Read more |
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FROM THE INSTITUTIONS
ECB: The future path of inflation
Inflation is likely to fall at a slower pace this year, says European Central Bank (ECB) Vice-President Luis de Guindos. High wage pressures, geopolitical tensions, and upcoming wage negotiations are adding to uncertainty around the future path of inflation. Read more
ESMA: Risk exposures to real estate in EU securities markets and investment funds The European Securities and Markets Authority (ESMA) is publishing its first analysis of the exposures the EU securities and markets and asset management sector have to real estate. In the study, credit risk indicators have started to show signs of deterioration, and liquidity mismatches remain a key vulnerability for real estate investment funds. Read more
SRB: Will the new EU banking resolution framework protect taxpayers’ money? In April 2023, the European Commission presented a legislative proposal to update the 2014 bank crisis-management framework. The new rules, despite not being finalized, are already causing a stir among practitioners and banks, says Dominique Laboureix, Chair of the Single Resolution Board (SRB). 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.
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