📝EBF Morning Brief - Tuesday 22 October 2024: Back-to-back rate cuts no indication of future ECB policy, governor says

EBF MORNING BRIEF
Tuesday 22 October 2024

FROM THE MEDIA

FT: Back-to-back rate cuts no indication of future ECB policy, governor says

Back-to-back reductions in borrowing costs by the European Central Bank are “not necessarily an indication” of faster rate cuts to come, Slovenia’s central bank governor has said, arguing that its next actions will be guided by new signals on inflation dynamics, according to Financial Times. Read more

The Banker: Making the case for social investments

Head of the Council of Europe Development Bank, Carlo Monticelli, discusses the growing demand for social bonds from a wide range of investors, writes the Banker. Read more

Reuters: Europe's banks under investor pressure to keep earnings growth alive

Europe's biggest banks are healthier than at any point since the 2008-09 financial crisis, but investors want reassurance that they can trust their longer term earnings power as interest rates fall, says Reuters. Read more

MAIN EVENTS

Deutsche Bundesbank: The digital future of payment: What trends await us?

Deutsche Bundesbank research workshop on “Numerical Methods in Macroeconomics”

Data, AI and the Future of Financial Services Summit

Council Working Party on Competitiveness and Growth – Industry

Council Working Party on Financial Services and the Banking Union (Financial Services)

ECB: EDP general government deficit/debt, Autumn notification (Eurostat) (2023)

UNEP FI Global Roundtable 2024 The UN Environment Programme Finance Initiative (UNEP FI) is hosting its 18th Global Roundtable from 10-11 December 2024 in Geneva, Switzerland and online.
As the premier event driving sustainable finance worldwide, the Global Roundtable will play a pivotal role in shaping the future of sustainable finance by convening thousands of leaders from banking, insurance, investment, policymaking, and civil society to set the sustainable finance agenda and catalyze action across the financial system.
This year’s event will foster collaboration on critical global challenges, including accelerating climate action, financing nature, and promoting financial inclusion. It will also tackle the complexities of evolving regulations, climate and nature-related risks, and emerging issues like circularity and plastic pollution. The European Banking Federation is proud to be a Supporting Organisation at this influential gathering, contributing to the collective efforts to drive sustainable transformation within the finance industry.
To join the Global Roundtable, register below.

FROM EBF MEMBERS

AAB: Discussion table: Open Banking and SEPA – part of regional development in the field of payments

The Albanian Association of Banks, in collaboration with the Kosovo Banking Association, organized a discussion table today, October 17, 2024, on the latest developments in the field of digital banking and payment systems in the region, as part of joint initiatives aimed at improving digital infrastructure and financial inclusion. The event brought together experts and senior representatives from the banking sector and the Bank of Albania, who discussed the implementation of Open Banking and the SEPA process. Read more (AL)

ZBS: Economic Circle: The candidates for Minister of Education and Minister of Digital Transformation must support the inclusion of the RIN subject in schools

The Economic Circle, composed of economic and agricultural associations and organizations, supports the position of the Chamber of Commerce and Industry of Slovenia (GZS) that the introduction of a mandatory subject in computer science and informatics is of crucial importance for the future of Slovenia, according to the Bank Association of Slovenia (ZBS). Read more (SI)

NVB: Bank employees experience what it is like to be low-literate

As part of Accessibility Week, the Escape Caravan was parked in front of various bank offices this week. This allowed bank employees to experience what it is like to have difficulty reading and writing, reads on the Dutch Banking Association (NVB) website. Read more

FROM THE INSTITUTIONS

EP: 2025 EU budget: MEPs to adopt their position ahead of negotiations with Council

Parliament is set to vote on Wednesday for a budget that focuses on improving people's lives, boosting competitiveness, and addressing current challenges, states the EP's website. Read more

EBA: The EBA’s Banking Stakeholder Group elects its new Chair and Vice-Chairs

The Banking Stakeholder Group (BSG) of the European Banking Authority (EBA) elected Christian Stiefmueller as new Chair during its meeting on 15 October 2024. Mr Stiefmueller, who represents consumers, will be supported by two Vice-Chairs, Julia Strau, and Edgar Loew, representing the financial institutions, and the independent top-ranking academics, respectively. Their mandates run for two years. Read more

BIS: Tokenisation in the context of money and other assets: concepts and implications for central banks

The growth in projects and experiments in regulated financial markets has increased the relevance of tokenisation for central banks. Against this background, this report was prepared by the Bank for International Settlements (BIS) and its Committee on Payments and Market Infrastructures (CPMI) for the Brazilian G20 Presidency. Read more

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

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

European Banking Federation