EBF MORNING BRIEF Wednesday 16 October 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
Reuters: Eurozone economy shows some signs of growth
According to Reuters, the Eurozone economy showed some signs of life on Tuesday with a raft of indicators pointing to lukewarm but still positive growth for a bloc that has been skirting a recession for over a year. Read more
Bloomberg: Eurozone corporate-loan demand rises for first time since 2022
Banks in the Euroarea saw credit demand from companies increase for the first time since 2022, according to the European Central Bank (ECB)– a rare positive note for the region’s struggling economy, Bloomberg reports. Read more
FT: Euro falls to 2-month low as investors price in interest rate cuts
The euro has fallen to a two-month low in the run-up to this week’s crunch meeting of the European Central Bank (ECB), due to the prospect of faster interest rate cuts and uncertainty around the looming US presidential election, the Financial Times (FT) reports. Read more |
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Payments fraud presents a massive challenge, with the total value of fraudulent activities standing at €4.3 billion in 2022 and €2.0 billion during the first half of last year. As fraudsters become more sophisticated, cutting-edge strategies and close collaboration throughout the payments ecosystem are needed to tackle it.
Join us on November 5 to learn about the latest steps to combat fraud by European banks and hear insight from policymakers, consumer and industry representatives.
Confirmed speakers include:
▪︎ Eric Ducoulombier, Head of Unit, European Commission
▪︎ Jorge Rosal Cosano, Europol’s European Cybercrime Centre (EC3)
▪︎ Anna Martin, BEUC - The European Consumer Organisation
▪︎ Nicola Sadlier, Head of Fraud, Bank of Ireland
▪︎ Wim Mijs, CEO, European Banking Federation |
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FROM EBF MEMBERS
BdB: Financial literacy of the population is important to banks
Confidently handling your own money is of paramount importance for wealth creation and financial resilience in the long term. According to the Association of German Banks (BdB), solid financial education helps people to better assess financial risks and avoid serious mistakes when investing money. Read more (DE)
Finance Latvia: Companies are increasingly concerned about the risks of cyber threats
Cyber security in business has become one of the daily issues and cyber attacks cause concern about threats to business development, according to a survey conducted by SEB banka. Read more (LV)
Finance Iceland: Banks and households
In public discussion, the performance of banking operations is often put in the context of households' mortgage debt. The public feels the level of the policy interest rate through a higher debt payment burden. Read more (IS) |
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FROM THE INSTITUTIONS
ECB: Bank lending survey results - Q3 2024
According to the European Central Bank (ECB), credit standards remained unchanged for firms, eased for housing loans and tightened for consumer credit. Loan demand from firms increased moderately, while demand for housing loans rebounded strongly. Read more
BIS: Joachim Nagel: Introducing a digital euro - the cross-border dimension
The Bank for International Settlements (BIS) has published the speech by Joachim Nagel, President of the Deutsche Bundesbank, at the RBI@90 High-Level Conference on "Central banking at crossroads", in New Delhi. Read more
ESMA: Next steps for the transition to T+1 governance
The European Securities and Markets Authority (ESMA), the European Commission (EC) and the European Central Bank (ECB) announced the next steps to support the preparations towards a transition to T+1. 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
'High-level Roadmap for Adoption of T+1 in EU Securities Markets' Report
The European T+1 Industry Task Force, comprising 21 trade associations involved in European capital markets including the European Banking Federation (EBF), has published a report titled “High-level Roadmap for Adoption of T+1 in EU Securities Markets". 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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