EBF MORNING BRIEF Tuesday 12 November 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
Euronews: Trump policies may push ECB to cut rates, Draghi urges reform efforts
According to Euronews, Trump’s protectionist policies could push the European Central Bank (ECB) to cut rates faster than predicted, as renewed tariffs on European exports threaten growth. Read more
Euractiv: EU leaders to agree watered-down ‘Competitiveness Deal’ against heightened political uncertainty
“The discussion on competitiveness on Friday will happen very much against backdrop of the results of the US elections,” an EU diplomat told Euractiv. Read more
Bloomberg: ECB’s Stournaras says US tariffs would negatively impact Europe’s economy
European Central Bank (ECB) Governing Council member Yannis Stournaras says an implementation of Donald Trump’s campaign promises on tariffs, fiscal policy and migration would have “certain implications” for the economy, Bloomberg reports. Read more |
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FROM EBF MEMBERS Finance Norway: The banks cooperate on measures against fraud The fraud attempts against Norway and Norwegian consumers are extensive. Individuals, the banks and the rest of business as well as public solutions are affected. The Bank's anti-fraud committee follows developments closely and meets regularly to update each other and work on common measures to prevent fraud. Read more (NO)
Finance Latvia: Corporate scams in the focus of swindlers - what should be taken into account?
While fraud can affect anyone and at any age, it is increasingly affecting businesses as well. In addition, unlike individuals, businesses are exposed to a greater risk of losing larger amounts of money in a single case of fraud, given that the established transaction limits are often significantly higher. Read more (LV)
Finance Finland: Financial sector's tax handprint 2023
The financial sector was once again one of the biggest taxpayers in Finland according to the 2023 tax data released by the Tax Administration. Read more |
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FROM THE INSTITUTIONS
ECB: For whom the bill tolls: redistributive consequences of a monetary-fiscal stimulus
During the COVID-19 pandemic, governments in the Euroarea sharply increased spending while the European Central Bank (ECB) eased financing conditions. The ECB uses this episode to assess how such a concerted monetary-fiscal stimulus redistributes welfare between various age cohorts. Read more
SRB: Single Resolution Board publishes MREL dashboard Q2.2024
The Single Resolution Board (SRB) has published its MREL dashboard for Q2.2024, which shows that banks continue to maintain their targets. Read more
European Parliament: Hearing of Commissioner-designate Valdis Dombrovskis
Valdis Dombrovskis, Latvian candidate for the Economy and Productivity, Implementation and Simplification portfolio, was questioned by two committees. 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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