EBF MORNING BRIEF Wednesday 20 November 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA
Bloomberg: Panetta Says ECB Must Move to Neutral Rates to Aid Growth
The European Central Bank should cut interest rates far enough to ensure they are no longer constraining economic growth, Governing Council member Fabio Panetta said, reports Bloomberg. Read more
The Banker: Esma calls on EU to move to T+1 in step with UK
Esma's final report on T+1, published on Monday, recommended October 11 2027 as the optimal date on which the EU shifts to a shorter settlement cycle, reports The Banker. Read more
Euronews: Strip Putin of his 'money and power' to restore peace, Zelenskyy tells MEPs as war turns 1,000 days
As the war in Ukraine turns 1,000 days, President Volodymyr Zelenskyy urged the European Union to 'push harder' against Vladimir Putin, writes Euronews. Read more |
|
MAIN EVENTS -
CEPS ‘EU Payments Observatory: Turning the tide on late payments’ online event -
Council Horizontal Working Party on Cyber Issues -
Council Working Party on Financial Services and the Banking Union (Financial Services) -
Council Working Party on Tax Questions – Indirect Taxation -
CEPS ‘Exploring digital policy: the geopolitics of privacy policy and improving regulation-making’ event -
University College London ‘Money, Finance and the Economy' event -
European Parliament Committee on Economic and Monetary Affairs (ECON) Meeting
|
|
EBI Advisory Board Conference on "Capital Markets Union"
Thursday, November 28 · 9 - 4:00 pm CET
EBF Premises, Avenue des Arts 56, Brussels
The aim of the Capital Markets Union is to eliminate existing barriers to capital market transactions within the European Union and to provide companies with easier access to financing. Facilitating access to capital market financing is a key cross-cutting priority in EU financial market policy.
Join us for a day of insightful discussions and networking opportunities. Learn from industry experts about the latest trends and developments in the Capital Markets Union at this event, co-organized with the European Banking Institute (EBI).
Please register by November 25, 2024, by clicking the button below.
|
|
FROM EBF MEMBERS Dutch Banking Association (NVB): With the Financing Guide, find your way in the world of financing! In collaboration with the Chamber of Commerce (KVK), the Ministry of Economic Affairs, the Netherlands Enterprise Agency, and the SME Financing Foundation, the Dutch Banking Association launches the Financing Guide. Read more (NL)
Finance Finland: An empty wallet is a useless wallet – European digital identity wallet needs more meat to the bones and fast
For daily life in a close-knit union of 27 countries to run smoothly, cross-border services should be made as easy as possible – also online. EU citizens and residents must be able to use both public and private digital services safely and easily across member state borders. Read more
Febelfin: Banks Warn Against Fraud by Fake Bank Employees
In recent months, the number of fraud cases involving fake bank employees has continued to rise. This is a form of scam in which criminals pose as bank staff. Read more (FR) |
|
FROM THE INSTITUTIONS
ECB: Can our financial system support the green transition when the going gets tough?
Achieving a carbon-neutral European Union by 2050 will require a resilient financial sector to provide the funding for the necessary investment. In other words, the financial system needs to be strong enough to finance the green transformation of our economy, writes Luis de Guindos, the Vice-President of the European Central Bank. Read more
EIOPA: Transition risk losses alone unlikely to threaten EU financial stability, “Fit-For-55” climate stress test shows
The European Supervisory Authorities (EBA, EIOPA, and ESMA – the ESAs) together with the European Central Bank (ECB), today released the results of the one-off “Fit-For-55” climate scenario analysis. Under the scenarios examined, transition risks alone are unlikely to threaten financial stability. Read more
European Council: Capital markets union: Council adopts revamped rules for EU clearing services
The Council adopted new rules on clearing services that revise the European market infrastructure regulation and directive (EMIR). The new rules aim to make the EU clearing landscape more attractive and resilient, to support the EU’s open strategic autonomy and to preserve the EU’s financial stability. Read more |
|
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 |
|
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 |
|
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
|
|
|
|
