EBF MORNING BRIEF Wednesday 9 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: ECB to cut rates by 25bps in both Oct and Dec as Eurozone economy wobbles
The European Central Bank (ECB) will cut its deposit rate by 25 basis points on October 17 and again in December, according to more than 90% of economists polled by Reuters who now see a quicker decline in Eurozone inflation. Read more
Bloomberg: Centeno warns against big ECB moves, calls for ‘gradualism’
The European Central Bank (ECB) should avoid outsized moves in lowering interest rates, according to Governing Council member Mario Centeno. “We have to be cautious — maintain gradualism in decisions,” the Portuguese official told Bloomberg. Read more
Cointelegraph: ECB official proposes unified European ledger for digital assets
A European Central Bank (ECB) official has introduced the idea of a “European ledger” — a continental unified ledger. According to Cointelegraph, such a blockchain could bring European digital assets and money together in one place, leading to greater efficiency and synergy. Read more |
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FROM EBF MEMBERS Finance Iceland: A new type of fraud It has been reported that fraudsters call people and get money with various types of deception. Sometimes English speaking people are calling from what it appears to be an Icelandic phone number. Read more (IS)
Finance Norway: Strengthening of the work against economic crime
The government will strengthen the police to better combat economic crime. 'With the crime development we have seen in recent years, it is absolutely necessary that the police contribute to making Norway a less attractive market for financial crime', says the Director of Digitization and Payments at Finance Norway, Tom Høiberg. Read more (NO)
Finance Latvia: Buying real estate: where to look for information?
The recent sluggish real estate market has fostered a so-called "buyer's market," where the terms of purchase transactions are dictated by buyers and there is a relatively wide range of offers. Kaspars Sausais, head of housing lending at Luminor banka, explains how to find the right property and where to look for information. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Outlook for the Euroarea
The European Central Bank (ECB) Executive Board member Frank Elderson discusses Euroarea monetary policy, the inflation outlook, banking supervision, cross-border banking consolidation and the economic impact of climate change and nature degradation in an interview with Delo. Read more
BIS: Basel III monitoring report
According to the Bank for International Settlements (BIS), Basel III capital and liquidity ratios remained stable in the second half of 2023. Read more
ESMA: Improving financial reporting for issuers engaging in carbon allowance programmes
The European Securities and Markets Authority (ESMA) has released a Public Statement on accounting for carbon allowances in the financial statements. 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
Joint Association Statement on MIFIR RTS 2 Post-trade Deferrals for Bonds
The European Banking Federation (EBF), together with the Association for Financial Markets in Europe (AFME), BVI (German Investment Funds Association), Bundesverband der Wertpapierfirmen (BWF), the European Fund and Asset Management Association (EFAMA) and the International Capital Markets Association (ICMA) released a joint statement on MIFIR RTS 2 post-trade deferrals for bonds. Read more
Reduction of reporting burdens
The quality of the European legal framework is key to its competitiveness. More than a year ago, the European Banking Federation (EBF) has prepared a paper with the aim to contribute to the debate on simplification of the reporting requirements and the reduction of inconsistencies withing the EU legislative framework, focusing on ESG data requirements. 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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