EBF MORNING BRIEF Tuesday 24 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: Kazaks says services prices bigger worry than slow growth
The European Central Bank (ECB) Governing Council member Martins Kazaks said the danger of persistent services inflation currently outweighs his concerns over the economy, Bloomberg reports. Read more
Reuters: Sterling at two-year peak versus euro after PMI data
Sterling dipped against the dollar on Monday but touched a new two-year high versus the euro as business activity readings pointed to diverging economic cycles in the British and euro zone economies. According to Reuters, the pound slipped 0.2% to $1.3298, hovering below a more than two-year high it touched against the dollar on Friday. Read more
The Banker: Sustainable finance must look inward
According to The Banker, sustainable finance must look inward. A change to internal management practices, rather than external reporting, will ensure a better financial system. Read more |
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Launch of a new C-ESG Risk Roundtable report
Thursday, 26 September - 3:15 PM (CET)
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 | Environmental factors could be a source of financial risk. It is therefore essential to step up efforts to ensure that risks are properly identified, understood, measured and managed. While banks are making progress, they are facing numerous operational and implementation challenges, many of which are neither originated, nor inherent to the banking industry.
While some will need to be addressed at the level of individual organizations, others will benefit from collaborative approaches. To further strengthen the dialogue within the banking sector and with the European Central Bank (ECB), a high-level Environmental, Social, and Governance Risk Roundtable (C-ESG Risk RT) was set up by the European Banking Federation (EBF) with the participation of 13 European banks.
On 26 September, we will be launching the fourth report of the C-ESG Risks RT resulting from the discussions of its Physical Risk workstream.
The report will be available on the EBF website on 26 September,
after the launch event. |
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FROM EBF MEMBERS
Finance Denmark: A strong Danish economy gives the banks healthy earnings
The Danish banking and mortgage groups continue to perform solidly, i.a. as a result of a strong Danish economy. The return on equity amounted to 12.9% in the first half of 2024. Read more (DK)
Finance Latvia: A fall in housing prices is not expected in the near future, predicts the expert
The latest data on the housing market in Latvia show various changes - both housing prices and salaries of residents have increased. Along with these indicators, the average amount of mortgage loans is also increasing. Read more (LV)
ABI: Second edition of 'è cultura' Festival
From 5 to 12 October the new edition of “ è cultura! ” kicks off, the national event promoted by the Italian Banking Association (ABI), with Italian banks and banking foundations and the Foundation for Financial Education and Savings (FEduF). Read more (IT) |
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FROM THE INSTITUTIONS
ECB: Past and future challenges for the external competitiveness of the Euroarea
This European Central Bank (ECB) article analyses the long-term trends contributing to the decline in the Euroarea’s market share in the last two decades and relates more recent declines to a series of global shocks that had an asymmetric effect on the region, exposing important vulnerabilities in its external competitiveness. Read more
SRB: Chair Dominique Laboureix's ECON hearing speech
The Single Resolution Board (SRB) has shared Chair Dominique Laboureix's ECON hearing speech - Building resilience through resolution planning within our framework and beyond. Read more
ESMA: Verena Ross keynote address at AFME's 8th Annual European Compliance and Legal Conference
The European Securities and Markets Authority (ESMA) has shared Chair Verena Ross keynote address at the Association for Financial Markets in Europe's (AFME's) 8th Annual European Compliance and Legal Conference in London. 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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