EBF MORNING BRIEF Tuesday 1 October 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's Lagarde drops rate-cut hint as inflation falls
The European Central Bank (ECB) is increasingly confident that inflation will fall to its 2% target and this will be reflected in its next policy move, President Lagarde said on Monday. According to Reuters, it's the clearest hint about a coming interest rate cut. Read more
Bloomberg: Lagarde backs bank mergers as ECB prepares for UniCredit verdict
European Central Bank (ECB) President Christine Lagarde reinforced her support for international banking tie-ups in the Eurozone, saying they can produce many upsides including a greater ability to compete with foreign rivals, Bloomberg reports. Read more Risk.net: Banks urged to keep regulators in the loop on AI plans for AML Banks are stepping up their use of artificial intelligence (AI) to assist with anti-money laundering (AML) checks. According to Risk.net, risk managers have warned that regulators need to be properly informed of any new technology adoption. Read more |
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FROM EBF MEMBERS
FBF: Campaign to raise awareness about payment fraud
On the occasion of the launch of Cybermoi/s on October 1, 2024, the French Banking Federation (FBF) and other institutions are calling on the French to increase their vigilance against attempted payment fraud. Read more (FR)
Finance Finland: Work on the FASTER Directive for faster and safer tax relief on excess withholding taxes is making progress
The EU Capital Markets Union (CMU) action plan includes several legislative projects which are aimed at harmonising capital markets regulation, attracting private investment from outside the EU and enhancing the use of the EU’s investment potential. Read more
Finance Latvia: The use of credit card limits remains stable
Almost 200 thousand inhabitants use credit cards in Latvia. In 2024 the amount of the average credit limit used has remained stable or even slightly decreased in some groups, according to the information gathered by the Credit Information Bureau. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: ECB Survey of Monetary Analysts
The European Central Bank (ECB) has shared the Monetary Analysts (SMA) of October 2024. Read more
ESMA: Next steps for the selection of Consolidated Tape Providers
The European Securities and Markets Authority (ESMA) is publishing additional details on the selection of Consolidated Tapes Providers (CTPs) for bonds and for shares and Exchange-Traded Funds (ETFs). Read more
SRB: Communciation on Daisy Chain Act
The Single Resolution Board (SRB) has published a communication on the changes to its MREL policy to be implemented in line with the Daisy Chains Act, which was adopted earlier this year. 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
Launch of a new C-ESG Risk Roundtable report: Managing Climate Physical Risk
EBF and S&P Global Market Intelligence: The Future of Instant Payments: Challenges and Strategies in Europe
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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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