EBF MORNING BRIEF Wednesday 24 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: September ‘more convenient’ for ECB decision making The European Central Bank (ECB) will be in a better position to decide on interest rates at its next Governing Council meeting in the autumn, said Vice President Luis de Guindos according to Bloomberg. “We will have more information in September, and especially new macroeconomic projections, so we will be able to better reassess the monetary policy stance,” he added. Read more The Banker: Banks explore crypto partnerships in new trend Banks and crypto brokers partnerships may resurface after years of strained relationships among them, as scepticism from traditional financial institutions about the solidity of digital assets eases due to greater regulatory clarity, The Banker reports. Read more S&P Global Market Intelligence: Austria's RBI faces steepest profitability drop among big central European banks According to S&P Global Marketing Intelligence, Raiffeisen Bank International is set to experience the largest profit and interest income decline among major banks in central Europe this year amid regulatory demands to scale back its Russian operations. Read more |
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FROM EBF MEMBERS
Finance Latvia: AI is expanding the horizons of phone scammers
While the debate about the advantages and disadvantages of artificial intelligence (AI) continues, its potential is increasingly being used in many fields. Unfortunately, crooks also actively use the opportunities provided by the latest technology. Read more (LV)
ABBL: Banks seize opportunities in the European NPL market
The Luxembourg Bankers' Association (ABBL) foresees promising prospects for Luxembourg asset management companies following the transposition into Luxembourg law of the European Union directive on credit servicers and credit purchasers. Read more
ACB: Safeguarding economic resilience and social prosperity
The Association of Cyprus Banks (ACB) shares a Cyprus Banking Insight's (CBI's) article on economic resilience and social prosperity in the Country. Read more (EL) |
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FROM THE INSTITUTIONS
ECB: Repo markets: Understanding the effects of a declining Eurosystem market footprint
The European Central Bank (ECB) looks at dynamics of Repo markets, that are vital for banks to source liquidity and securities and represent an essential link in the monetary policy transmission chain. Read more
ESAs: Table of Member State language and ex ante notification requirements for the PRIIPs KID
The European Supervisory Authorities (ESAs) published a summary of the language and ex ante notification requirements for the key information document (KID) for packaged retail and insurance-based investment products (PRIIPs) in different Member States. Read more FSB: Cross-border regulatory and supervisory issues of GSC arrangements in EMDEs This Financial Stability Board's (FSB's) report analyses how some emerging market and developing economies (EMDEs) may be exposed to macro-financial risks arising from the use of foreign currency pegged global stablecoins (GSC), which can increase financial stability risks by destabilising financial flows and straining fiscal resources. 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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