EBF MORNING BRIEF Tuesday 3 December 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
FT: EU commissioner pitches ‘Europe first’ in response to Donald Trump
The EU’s new industry chief has called for a “Europe first” strategy for key business sectors, in a bid to prevent the bloc becoming collateral damage in a potential global trade war sparked by Donald Trump, writes Financial Times (FT). Read more
Risk.net: Critics warn against softening risk transfer rules for insurers
According to Risk.net, early last month, the European Commission opened a consultation on the EU’s securitisation rules. Amid the proposals, one controversial idea being mooted is the extension of the so-called STS label to the unfunded protection of bank loan portfolios by insurers – a type of synthetic risk transfer (SRT). Read more
Bloomberg: French Premier Offers Final-Hour Budget Concession to Le Pen
As Bloomberg reports, France’s government offered a final-hour concession to Marine Le Pen on the 2025 budget, seeking to avoid being ousted from power in a no-confidence vote that would plunge the country into financial and political uncertainty. Read more |
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MAIN EVENTS -
Global Banking Summit; EBF’s Deputy Chief Executive Officer, Sébastien de Brouwer, will speak on the Regulatory Leaders panel, addressing how to balance stability with competitiveness on the first day of the summit, from 1:05 PM to 1:35 PM (CET). -
Polish Central Bank Monetary Policy Council meeting -
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Council Working Party on Financial Services and the Banking Union (Financial Services) -
European Banking Authority: Public hearing on Technical Standards on structural foreign exchange under CRR -
ESBG ‘Sustainability Starts Small: The Role of SMEs and Saving Banks in Facilitating the Transition’ conference
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UNEP FI Global Roundtable 2024
Geneva, Switzerland and online
December 10 - 11, 2024 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.
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FROM EBF MEMBERS Association of German Banks (BdB): Youth Study 2024: Financial Behavior and Investment of the Young Generation How interested are young people in Germany in finances and investment? How well do they manage their money? And what does their saving and investment behavior look like? Our current Youth Study 2024 provides answers to these questions. Read more (DE)
Finance Denmark: Finans Danmark's new board of directors
At the annual general meeting of Finans Danmark on Monday 2 December 2024, a new board was elected and re-elected to the chairmanship. Read more (DK) Italian Banking Association (ABI): Suspension of Mortgage Payments Due to Weather Events in Lombardy The Italian Banking Association (ABI) has just issued a circular letter to its members, announcing the publication on the website of the Department of Civil Protection of the Ordinance issued by the Head of the Civil Protection Department. This ordinance introduces a measure to suspend mortgage payment installments following the exceptional weather events that occurred from June 9 to July 13, 2024, in the provinces of Bergamo and Brescia. Read more (IT) |
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FROM THE INSTITUTIONS
ECB: ECB publishes second progress report on the digital euro preparation phase
The European Central Bank (ECB) has published its second progress report on the preparation phase of a digital euro, which was launched on 1 November 2023 and is laying the foundations for the potential issuance of a digital euro. Read more
BIS: Whither inflation targeting as a global monetary standard?
From its tentative beginnings, inflation targeting has spread to become the de facto global monetary standard. Historically, only the Gold Standard has had a longer lifespan. What have been the framework's successes and failures? What adjustments could make it fit for purpose in the longer term? Read more
European Council: Cybersecurity package: Council adopts new laws to strengthen cybersecurity capacities in the EU
To strengthen EU’s solidarity and capacities to detect, prepare for and respond to cybersecurity threats and incidents, today the Council adopted two new laws part of the cyber security legislative ‘package’, namely the so-called ‘cyber solidarity act’, and a targeted amendment to the cybersecurity act (CSA). 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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