EBF MORNING BRIEF Tuesday 11 June 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: ECB cut doesnât put rate on âlinear declining pathâ
The European Central Bank (ECB) must stay cautious, and last weekâs cut in borrowing costs wonât necessarily be followed by further rapid moves, according to President Christine Lagarde. âWeâve made the appropriate decision, but it doesnât mean interest rates are on a linear declining path,â she said in an interview with leading European newspapers as quoted by Bloomberg. âThere might be periods where we hold rates again.â Read more
Reuters: French banks, energy, highway stocks plunge after Macron calls elections
According to Reuters, shares in French banks, toll road operators and renewable energy firms fell sharply on Monday, after French President Emmanuel Macron called surprise snap elections in response to his camp's defeat in EU elections. Read more
Risk.net: Loss of diversification benefits will drive higher FRTB charges
The loss of portfolio diversification benefits under new trading book capital rules will be a significant driver of increased market risk capital requirements, say the authors of research into the proposed framework. As reported by Risk.net, this could be contributing to banksâ reluctance to use internal models to calculate the new capital requirements. Read more |
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MAIN EVENTS Starling Insights '2024 Compendium' Launch Event (Maria Ana Barata, EBF Senior Policy Adviser on Prudential Policy & Supervision, speaking) |
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European Commission Joint Research Centre 6th Summer School on Sustainable Finance |
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| | This summer, the 6th edition of the Summer School on Sustainable Finance, organized
by the Joint Research Centre (JRC) of the European Commission, will take place
in a hybrid format on June 27 and 28. The summer school will cover topics
such as climate risks, environmental degradation, nature-related
financial risks, EU sustainability regulation, and carbon emissions.
Registration is free, encouraging diverse attendance for vital cross-sector discussion.
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FROM EBF MEMBERS Finance Latvia: ECB rates have been reduced, but it is too early for borrowers to rejoice The European Central Bank (ECB) decided on Thursday to lower the three main ECB interest rates by 0.25 percentage points. This does not mean that Euribor rates, which are usually applied to loans, will also decrease immediately. Read more (LAT)
Finance Finland: It's time for MEP's to roll up their sleeves
The European Parliament elections were held in the 27 EU member states. Finns also voted 15 Member of the European Parliament (MEPs) to Brussels. Now is the time to start working for a better and prosperous Europe. Read more
FBF: Financing of election candidates and political parties
Banks finance political parties via credits granted according to the project to be financed and their repayment capacity, in compliance with their risk policy. As part of its discussions with the mediator for credit to candidates and political parties, the French Banking Federation has published a document providing information on the rules, obligations and practices of banks in terms of financing candidates and political parties. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Survey of Monetary Analysts
The European Central Bank (ECB) has published a report that summarises the aggregated results of the Survey of Monetary Analysts (SMA) of June 2024. The survey was conducted from 21 to 23 May 2024 and 49 respondents participated. Read more
BIS: The global reach of currencies
The Bank for International Settlements (BIS) has published its Quarterly Review on the global reach of currencies. The currency dimension in international statistics provides insights about countries' external debt, banks' foreign currency funding needs and payment obligations from FX derivatives. Read more EC: The future of finance The European Commission (EC) has published a new episode of the EU finance podcast, focused on the new EU banking package, with AlmorĂČ Rubin de Cervin, head of the EUâs banking regulation and supervision unit. 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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