EBF MORNING BRIEF Tuesday 25 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: Nagel says jury still out on holding limit for Digital Euro
Bundesbank President Joachim Nagel said it’s still unclear what consumers’ holding limits for the potential digital euro should be. “What exactly is the optimal level of the holding limit? I think the jury is still out here,” he said Monday in a speech in Rome. The European Central Bank in 2023 shifted to the next stage of its digital-euro project, preparing the ground to issue the currency in the coming years, but a final decision has yet to be taken. Read more
Euronews: European financial markets are too fragmented
According to S&P Global's Eurozone economic outlook for Q3 2024, although growth in the Eurozone is back, geopolitical risks posed by the conflicts in Ukraine and the Middle East remain, along with tighter financial conditions and the reshaping of the political landscape across Europe, Euronews reports. Read more
Risk.net: Why FRTB models are on the edge of extinction
When Basel Committee on Banking Supervision members mooted a sweeping overhaul of trading book capital rules, the intention was for banks’ advanced models to form a key part of the new regime. According to Risk.net, the reality is very different. As the new rules come into force, only four banks are known to be applying to their supervisor to use Fundamental Review of the Trading Book (FTRB) models: BNP Paribas, Deutsche Bank, Intesa Sanpaolo and Nomura. Read more |
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FROM EBF MEMBERS
ABBL: Five-Country Meeting 2024
Luxembourg hosted the Five-Country Meeting, an event designed to foster dialogue and collaboration between banking associations. As reported by the Luxembourg Bankers' Association (ABBL), representatives from Germany, Switzerland, Austria and Liechtenstein joined their Luxembourg counterparts for this gathering of professionals. Read more
Finance Denmark: The expert group's recommendations are a good basis for future employment
The Danish government's expert group for future employment efforts has presented six main recommendations for a reform of the employment system. Read more (DK) AEB: Women have contributed to giving Spanish banking proximity The Spanish Banking Association (AEB) president, Alejandra Kindelán, has participated in the presentation of the Report 'Situation of women in banking in Spain', which reflects how the banking industry is evolving in terms of equal opportunities. Read more (ES) |
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FROM THE INSTITUTIONS
ECB: Our progress on the digital euro project
The European Central Bank (ECB) has published a report about the progress on the digital euro project since the preparation phase started in November 2023. The focus is on privacy features, a scheme rulebook, and user experience, including a digital euro app. Read more
EBA: Publication of amendments to counterparty credit risk standards
The European Banking Authority (EBA) published its final draft amending Regulatory Technical Standards on the standardised approach for counterparty credit risk. This regulatory product is part of the new roadmap on the Banking Package. Read more EC: Most EU citizens benefit from international trade According to the third Eurobarometer on international trade published by the European Commission (EC), over six in ten Europeans believe they benefit from international trade - an increase compared to the last such survey in 2019. Read more |
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FROM THE EBF
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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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