EBF MORNING BRIEF Wednesday 10 July 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’s Panetta plays down high services inflation concerns The European Central Bank (ECB) shouldn’t be overly worried about stubborn services inflation and still-robust wage growth, Governing Council member Fabio Panetta said to Bloomberg. Read more
Reuters: EU watchdog warns of data 'black holes' amid efforts to uncover shadow bank risk
Regulators seeking to map out risks from the booming non-bank financial industry face information "black holes" which might only be fixed by mandatory disclosure, European Banking Authority's chairman told Reuters. Read more The Banker: Western Europe’s lenders enjoy a fruitful year Banks across western Europe are prospering as higher interest rates have boosted profitability, even as economic challenges continue to weigh on some countries in the region, The Banker reports. HSBC maintains its long-standing position at the top of the western Europe regional table, with its Tier 1 capital growing by 4 per cent last year. Read more |
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FROM EBF MEMBERS
BdB: ESG regulation: guidance on data requirements
The associations of private and public banks - Association of German Banks (BdB) & VÖB - and the insurance industry have developed a common ESG data catalogue for large companies with the support of real economy associations. Read more (DE)
CBA: The financial literacy of Czechs remains at a stable level
The financial literacy index of the Czech Banking Association (CBA) is stable. However, more than half of the people save and invest to a greater extent. Read more (CZ)
ABBL: From housing to AI integration: the future of the banking sector
Yves Stein, the Luxembourg Bankers' Association (ABBL) Chairman, discusses the proactive measures taken by Luxembourg banks to tackle the housing crisis, attract talent and navigate the changing landscape of the Capital Markets Union. Read more |
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FROM THE INSTITUTIONS
ECB: Consolidated financial statement of the Eurosystem
The European Central Bank (ECB) has published the Consolidated financial statement of the Eurosystem as at 5 July 2024. In the week ending 5 July 2024 the net position of the Eurosystem in foreign currency decreased by EUR 0.3 billion to EUR 324.7 billion. Read more
EBA: Updates on the supervisory reporting framework
The European Banking Authority (EBA) published its final draft implementing technical standards on supervisory reporting requirements implementing the changes necessary to keep the supervisory reporting framework relevant and meaningful and aligned with the amending CRR 3, which implements the latest Basel III reforms. Read more ESMA: Stress test of CCPs finds clearing system resilient The European Securities and Markets Authority (ESMA) has published the results of its fifth stress test exercise for Central Counterparties (CCPs). The results confirm the overall resilience of European Union CCPs, to core credit and liquidity financial risks under the tested scenarios. 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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