EBF MORNING BRIEF Tuesday 10 December 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: Trump Is on Collision Course With EU Over Big Tech Crackdown
The European Union’s multiyear clampdown on some of the largest American companies is set to force President-elect Donald Trump to decide which bothers him more: Europe or Big Tech, writes Bloomberg. Read more
The Banker: How planetary risk is transforming world finance
According to The Banker, nature-based solutions — such as forest conservation and land restoration — are gaining traction as investment opportunities, offering both environmental and financial returns. Similarly, sustainability-linked loans are transforming corporate finance by tying interest rates to environmental performance. Read more
S&P Global: Big European banks defy falling interest rates with resilient lending income
Fourteen of the 25 largest banks in Europe logged higher net interest income during the quarter from the preceding three months, S&P Global Market Intelligence data shows. Read more |
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MAIN EVENTS Deutsche Bundesbank: The German financial system has dealt well with the rise in interest rates – which risks should we still keep an eye on? Forum Bundesbank Deutsche Bundesbank: Cash, Card and Smartphone – How Germany pays – Head Office in Saxony and Thuringia event Bank of England: Mortgage Lenders and Administrators Statistics (2024 Q3) Council Economic and Financial Affairs Eurostat: Foreign direct investment positions by ultimate counterpart (2023) European Banking Authority: Board of Supervisors meeting IBA ‘Navigating political and tax challenges for HNWI’ webinar Geneva Graduate Institute ‘2024 Poster Competition in Climate Finance and Impact Investing’ fireside chat |
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EBF and S&P Global Market Intelligence: BANKING ESSENTIALS Webinar
December 11, 2024 High-profile discussions, led by figures like Mario Draghi, are bringing the idea of a European Safe Asset back to the forefront.
Could this be the key to completing the EU’s Capital Markets Union and driving sustainable investments in clean tech and infrastructure?
Join us for this timely and insightful discussion on the future of Europe’s economic and financial strategy. |
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FROM EBF MEMBERS Finance Latvia Association: Anna Dovbisa: Changes Ahead for All Savers – 2024 and Latvia's Pension System This year has been full of changes for the pension system – there have been legislative amendments to the second pillar of pensions, and just last week, the Saeima (Latvian Parliament) passed changes to the allocation of taxes and state social insurance contributions, which will impact both second and third pillar pension clients. Read more (LV)
Finance Norway: Burglaries and Thefts on the Rise
In recent years, there has been a sharp increase in burglaries and thefts. Compensation claims for break-ins at homes and cottages are rising, as are claims related to boat and car thefts, according to figures from Finance Norway. Read more (NO) Febelfin: Accessible Banking Services: The Banking Sector Engages with Civil Society On December 3, Febelfin organized an inspiration day on the theme of banking accessibility. These discussions allowed representatives of the financial sector to engage in dialogue with civil society organizations to explore ways to make banking services more accessible together. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Test your knowledge on euro banknote security and design
Have you ever taken a close look at the euro banknotes in your pocket? They’re full of clever security features to make them hard to counterfeit, and their current design is a symbolic representation of European integration. Go on, channel your inner Monica and give yourself a gold star when you excel at our quiz on banknote security and design – and keep an eye out for the “Friends” references we’ve hidden! Read more
ESMA: ACER and ESMA cooperate to better protect businesses and consumers from abuse of the energy market
The 7th annual Energy Trading Enforcement Forum (ETEF), held on the 3 December 2024 in Ljubljana, brought together over 75 participants from the EU Agency for the Cooperation of Energy Regulators (ACER), the European Securities and Markets Authority (ESMA), energy National Regulatory Authorities (NRAs), and financial National Conduct Authorities (NCAs) to enhance regulatory cooperation in energy and financial markets. Read more
European Commission: A good day for Europe's competitiveness: op-ed by Ursula von der Leyen, President of the European Commission’
Europe has always been a trading continent, but we are now facing a world where trade barriers are on the rise. Our companies and farmers are encountering growing restrictions, unfair competition and geopolitical uncertainties – all of which threaten their competitiveness. Read more |
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FROM THE EBF
Joint statement on Financial Data Sharing: Finding a sound approach for an effective Open Finance Framework
The European Banking Federation (EBF) has co-signed a joint statement urging EU policymakers to prioritize competitiveness and conduct a thorough assessment of the Financial Data Access (FiDA) Regulation's impact across the entire value chain before its conclusion. Together with industry partners, EBF emphasizes the need for an Open Finance framework that benefits European citizens and supports innovation in a robust, cost-effective manner. Read the full statement on our website. 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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