EBF MORNING BRIEF Tuesday 17 September 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 should maintain gradual approach to rate cuts
The European Central Bank (ECB) should stick with its cautious stance on lowering interest rates, Chief Economist Philip Lane told Bloomberg— further strengthening expectations for the next cut to come in December rather than October. Read more
Reuters: De Guindos: Capital market union would spur financial flows
European Central Bank (ECB) Vice President Luis De Guindos advocated a capital market union as means to reverse a slowdown in financial flows within the euro zone, Reuters reports. Read more
The Banker: AI in payments fraud detection expands but needs strong regulatory oversight
According to The Banker, while using artificial intelligence (AI) tools in the payments space could revolutionise the tracking and prevention of fraudulent payments, experts have cautioned the technology should not be allowed to run without ongoing checks and close attention to regulatory requirements. Read more |
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Banking Governance Program Lausanne - October & January |
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 | A new Banking Governance program was launched by IMD, the international business school in Lausanne, in partnership with the European Banking Federation.
This program is tailored for leaders in the banking and finance sectors, addressing the specific governance challenges of a complex and heavily regulated industry. Participants will gain valuable insights into best practices and strengthen their ability to navigate regulatory requirements and guide their institutions more effectively.
The programme consists of two modules offered on the IMD Campus in Lausanne:
Module 1: 21 – 24 October 2024;
Module 2: 27 – 30 January 2025.
Through this partnership, EBF members (and their members) are entitled to a 25% discount for the first programme. For more information visit the IMD website, reach out directly to EBF (s.debrouwer@ebf.eu) and IMD (stephane.attias@imd.org) and follow the upcoming information webinar on September 20th at 16.30 CET via MS Teams. |
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FROM EBF MEMBERS Finance Denmark: Market turmoil gave a ripple effect to stocks and a tailwind to bonds The financial markets were awakened from their summer slumber when, at the end of July, the Japanese central bank announced a significantly larger interest rate increase than expected. Then economic indicators began to cast doubt on the speed of the US economy. This resulted in large price fluctuations on the stock markets, while bonds benefited from the prospect of lower interest rates. Read more (DK)
BdB: Report - “Strengthening Europe’s competitiveness: seizing opportunities through securitisation”
The Association of German Banks (BdB) and True Sale International GmbH jointly launched a national financial industry initiative in spring 2024. The initiative is committed to strengthening the European securitization market with the aim of fully exploiting the potential of securitization for financing the economy. Read more (DE)
Finance Latvia: Event: 1% less today, the risk of poverty for the future
The government's plan to reduce contributions to pension level 2 from next year has already caused public outrage, but there is still a lot left unexplained to citizens, for example, the plan to reduce the amount of contributions to pension level 2 from 6% to 5% actually means a reduction in savings not by 1%, but 17%. To talk about this topic Finance Latvia is organising an event on September 19, at 11.00. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Survey of Monetary Analysts (SMA), September 2024
This European Central Bank (ECB) report summarises the aggregated results of the Survey of Monetary Analysts (SMA) of September 2024. The survey period was from 26 to 29 August 2024 and 48 respondents participated. Read more
BIS: BIS Quarterly Review, September 2024
The Bank for International Settlements (BIS) Quarterly Review includes analysis on recent developments in financial markets, life insurance, global alignment and trade, dollar flows to EMEs and global banking statistics. Read more European Parliament: Agenda 16 – 22 September 2024 From debating foreign affairs to discussing plans to boost the EU's economy, MEPs will have much to deal with when they meet in Strasbourg this week. 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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