EBF MORNING BRIEF Wednesday 27 March 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! |
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FROM THE MEDIA Reuters: Stournaras says consensus building in ECB for a June rate cut European Central Bank policymaker Yannis Stournaras said on Tuesday that consensus was building within the European Central Bank for a rate cut in June, if inflation develops as projected. According to Reuters, Stournaras said that it seemed there was a consensus for a rate cut in June, if ECB forecasts were confirmed. He added that four rate cuts this year were "reasonable" as long as inflation continued to decrease. Read more The Banker: Payments services shifts will be regional The ability to offer greater choice is set to become the main growth driver for payments products and services, according to the most recent Global Payments Report from Worldpay. A significant payment growth area is “buy now, pay later”, which the report predicts will grow from $316bn in 2023 to $450.2bn in 2027, although this is a slower rate than the merchant services and payment processing provider forecast two years ago. Read more Bloomberg: Muller says data may confirm inflation slowdown for June European Central Bank (ECB) Governing Council member Madis Muller said data over the coming weeks may be sufficient to confirm the slowdown in inflation when policymakers set borrowing costs in June. “It can’t be ruled out that by June, when the ECB Governing Council again gathers to discuss monetary policy, that might be the moment where there might be enough confidence and it is possible to start reducing interest rates,” the Estonian official said on Tuesday as reported by Bloomberg. Read more |
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Sustainable Investment Forum Europe 2024 Uniting the financial sector for a sustainable Europe: Strengthening connections to drive economicand environmental progess Thursday 2nd May 2024 |
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EBF is delighted to announce its partnership with Climate Action for the 7th Annual Sustainable Investment Forum Europe taking place on the 2nd May with UNEP FI. The must attend Forum will feature discussions on decarbonization, as well as pioneering work on nature and biodiversity, adaptation, the Just Transition and leading research and best practices to identify, measure, disclose, and manage sustainability risks. Our goal is to align sustainable finance with the real economy and enable a just transition to a net-zero, nature positive global economy. We have an exclusive 25% discount for our network using EBF25, register now to save on your delegate pass! |
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FROM EBF MEMBERS AEB: Geopolitics requires banking to be stronger than ever before In this interview with Heraldo de Aragón, the Spanish Banking Association (AEB) president Alejandra Kindelán talks about the current situation of the banking sector and its contribution to the economy and society through the payment of taxes. Read more (ES) ABI: Awards for innovation in banking services The most innovative and technologically advanced solutions and ideas that best meet customer needs and market evolution, implemented by banks operating in Italy, were awarded during the Italian Banking Association (ABI) Lab 2024 Forum. Read more (IT) Finance Denmark: Novo makes Denmark one of the largest stock markets in Europe Danish stock market value has increased by approximately 189% over the last 10 years, making Denmark one of the largest stock markets in Europe relative to its size. This is due to the strong performance and progress we have seen among the larger Danish companies, not least Novo Nordisk, shows a new analysis from Finance Denmark. Read more (DK) |
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FROM THE INSTITUTIONS ECB: Feedback on European Parliament report The European Central Bank (ECB) Banking Supervision welcomes the European Parliament’s “Resolution on Banking Union – Annual Report 2023” of 16 January 2024. To continue the dialogue between the European Parliament and the ECB and underline the strong commitment to accountability, the ECB Banking Supervision hereby replies to the comments and suggestions provided by the European Parliament in the Resolution. Read more ESMA: Consultation on rules for External Reviewers of EU Green Bonds The European Securities and Markets Authority (ESMA) launched a consultation on Draft Regulatory Technical Standards (RTS) related to the registration and supervision of external reviewers under the EU Green Bond Regulation (EuGB). ESMA’s proposals relate to the registration and supervision of entities interested in becoming external reviewers of EU Green Bonds and aim to clarify the criteria used for assessing an application for registration by an external reviewer. Read more EBA: Call for papers for the 2024 Policy Research Workshop The European Banking Authority (EBA) launched a call for papers in view of its 13th Policy Research Workshop taking place on 6-7 November 2024 and titled “Boundaries of Banking Regulation”. The deadline for submissions is 5 July 2024. The workshop aims at bringing together economists and researchers from supervisory authorities and central banks, as well as leading academics, to discuss and explore policies that can ensure innovation in a context of competition and risk arbitrage, while ensuring financial stability. 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 v.barbieri@ebf.eu European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium |
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