EBF MORNING BRIEF Wednesday 29 January 2025 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
The Banker: HSBC to exit select investment banking offerings in UK, US and Europe
HSBC is ending M&A and equity capital markets in the UK, Europe, and US to focus on debt financing in Asia and the Middle East, writes The Banker. Read more
Reuters: Looser mortgage rules in Europe raise risks for lenders, warns Moody's
According to Reuters, Moody's cautions that easing mortgage lending rules in Europe may lead to higher loan defaults, impacting banks' long-term credit profiles. Read more S&P Global Market Intelligence: European banks set for more asset manager takeovers thanks to Danish compromise The permanent adoption of the Danish compromise, which enables EU banks to buy asset managers at favorable capital terms, should spur more deals similar to BNP Paribas' €5.1 billion takeover of Axa Investment Managers, writes S&P. Read more Financial Times: German fintech N26 hails momentum after easing of customer growth cap N26 anticipates 30-40% revenue growth this year, following BaFin’s decision to lift the cap on new customers, signaling regulatory progress, says the FT. Read more |
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MAIN EVENTS European Parliament Committee on Economic and Monetary Affairs (ECON) Meeting Council Code of Conduct Group (Business taxation) Meeting Council Working Party Foreign Relations Counsellors (Legal, Financial & Institutial Aspects Cfsp (Sanctions)) ECB: National balance sheet of euro area monetary financial institutions, excluding the Eurosystem (Nov. 2024) IBA ‘ESG Accelerator Programme – Sustainable finance’ Webinar European Parliament Committee on Budgets (BUDG) Meeting |
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FROM EBF MEMBERS Finance Denmark: Response to Proposed Changes to the Property Tax Act Finance Denmark has submitted a response to the consultation on amendments to the Property Tax Act, focusing on implications for the housing market and taxation policy. Read more (DA)
Icelandic Financial Services Association: Proposal for National Gains from Digital Registration
SFF proposes digitalizing property registration in Iceland, highlighting potential economic benefits and increased efficiency in the legal system. Read more (IS)
UK Finance: Financial Services Sector Well-Positioned to Harness Generative AI UK Finance highlights the financial services sector's readiness to leverage generative AI technology for operational improvements and enhanced customer experience, emphasizing the importance of regulatory compliance. Read more |
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FROM THE INSTITUTIONS
European Central Bank: January 2025 Euro Area Bank Lending Survey
Credit standards tightened for firm loans in Q4 2024, while housing loans rebounded strongly amid steady standards. Read more
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FROM EBF
Chair of the European T+1 Industry Committee welcomes the official launch of the governance structure for the transition to T+1 Settlement Cycle
The European Securities and Markets Authorities (ESMA) hosted a meeting to launch the T+1 Governance framework, aiming to coordinate the move to a shorter settlement cycle for securities transactions in the EU, aligning with the UK and Swiss markets, while ensuring industry-wide collaboration and minimizing disruption. Read more
Launch of the Report of the C-ESG Risk Roundtable Data Workstream
Discover how banks are using CSRD disclosures for risk management in our C-ESG Risk Roundtable Data Workstream report launched on January 23rd. Hear from Nordea, ING, and the ECB on data use, challenges, and quality improvement. Watch the recording here Jérôme Raguénès, Director of Digital, Payments and Operational Resilience at FBF on fraud Combating sophisticated fraud requires a coordinated effort across sectors, including enhanced security, cross-industry collaboration, and stronger regulation to safeguard the payment ecosystem. Watch the video New EBF Vacancy! Work with us! Visit our Vacancies page to learn more about the EBF Events Trainee opening. 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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