EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 2 December 2024

An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, brought to you by the European Banking Federation.

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FROM THE MEDIA 

FT: Buy American to avoid Trump trade war, says Lagarde

Christine Lagarde has urged Europe’s political leaders to co-operate with Donald Trump over tariffs and buy more products made in the US, warning that an acrimonious trade war risks wiping out global economic growth, writes Financial Times. Read more

Bloomberg: Europe’s €1.705 Trillion Bond Sales in 2024 Beat Pandemic Record

Accoring to Bloomberg, European bond issuance has reached a record-breaking €1.705 trillion ($1.8 trillion) this year, passing the high-water mark previously set in 2020. Read more

S&P: Deutsche Bank, Ziraat Bankasi make biggest efficiency gains among European banks

Deutsche Bank improved its cost-to-income ratio more than 25 percentage points in the quarter, but was still among the least-efficient of the large European lenders, S&P Global Market Intelligence data shows, writes S&P Global. Read more

FINANCIAL REGULATION AGENDA for next week

Monday 2 December

• ENEA, Enterprise Europe Network, BRIDGeconomies Consortium ‘Virtual Brokerage Event @ Innovation Village 2024’ event 

• ECB: TARGET balances statistics (Oct. 2024)

• Council Horizontal Working Party on Cyber Issues

Tuesday 3 December

• Global Banking Summit; EBF’s Deputy Chief Executive Officer, Sébastien de Brouwer, will speak on the Regulatory Leaders panel, addressing how to balance stability with competitiveness on the first day of the summit, from 1:05 PM to 1:35 PM (CET).

• Polish Central Bank Monetary Policy Council meeting

• Council Budget Committee

• Council Working Party on Financial Services and the Banking Union (Financial Services)

• European Banking Authority: Public hearing on Technical Standards on structural foreign exchange under CRR

• ESBG ‘Sustainability Starts Small: The Role of SMEs and Saving Banks in Facilitating the Transition’ conference

Wednesday 4 December

• ECB: Euro area bank interest rate statistics (Oct 2024)

• CERRE event on Digital Challenges for Consumer Protection and Empowerment

Thursday 5 December

• ECIPE Webinar on cloud Cybersecurity, sovereignty, and EU competitiveness

• International Artificial Intelligence Summit

• Deutsche Bundesbank: AI – Hype, facts and possible consequences: how does AI affect the economy? Bundesbank Forum

• Cybersecurity@CEPS SUMMIT 2024

Friday 6 December

• Bank of England: External business of Monetary Financial Institutions operating in the UK (2024 Q3 )

• EUROCONTROL Standing Committee on Finance (SCF) Working Group on Financial Regulations

Global Banking Summit
December 3 & 4
Digital & In-Person | Convene Sancroft, St. Paul’s, London

On December 3 & 4, Chairs, C-Level Executives and Directors from leading global banks and their key technology and innovation partners will gather at the Financial Times Live Global Banking Summit to confront several top line themes dominating discourse across geopolitics, economics, technology, climate, global business and investment.

🎫 Our members are entitled to a 20% discount on both in-person and digital passes with the following discount code: FTEBF

FROM EBF MEMBERS

Swiss Banking: “Banking services are indispensable for individuals and companies alike” – Martin Hess on the facts and figures in the BAK Economics study

Every year, the Swiss Bankers Association (SBA) and the Swiss Insurance Association (SIA) commission BAK Economics to compile a study on the economic importance of the Swiss financial sector. As dry as the subject matter may sound, the study itself contains a surprising range of useful information. Read more

Italian Banking Association (ABI): Updates on Instant Bank Transfers at the ABI Payments Conference

Starting from January 9, significant changes are coming to the world of instant payments. In line with the European regulation on instant transfers, designed to accelerate the widespread adoption of this tool and foster the modernization and competitiveness of European payment services in the global landscape, all eurozone banks that offer standard euro transfers to their customers will be required to accept instant euro transfers. Read more (IT)

Polish Bank Association (ZBP): 11th Congress of the Derivatives Market

On November 28, 2024, the 11th edition of the Derivatives Market Congress, organized by the Polish Bank Association, took place at the Sheraton Grand Warsaw. The event brought together leading experts from the financial sector, regulators, and representatives of public institutions to discuss the key challenges facing the OTC market. Read more (PL)

FROM THE INSTITUTIONS

EIOPA: EIOPA seeks feedback on its proposal for the development of a natural catastrophes tool to raise awareness on potential risks and on prevention measures

IThe European Insurance and Occupational Pensions Authority (EIOPA) seeks feedback on its consultation paper on developing an awareness tool. It aims at helping citizens better understand how exposed is their property to natural hazards, the benefits of adequate insurance coverage and what prevention measures they can take to reduce potential losses. Read more

BIS: BIS residential property price statistics, Q2 2024

In the second quarter of 2024, global house prices deflated by consumer prices declined by 1.4% yoy, compared with –0.8% in the first quarter.1 This decline was despite the continuous moderate increase registered in nominal terms (+2.5%). Read more

SRB: Single Resolution Board publishes the list of consultations and requests to the industry for 2025

The Single Resolution Board (SRB) has published the list of public consultations, data requests and deliverables stemming from the Expectations for Banks (EfB) planned over the course of 2025. Read more

FROM THE EBF  

Call for the co-legislators to assess the Retail Investment Strategy in light of the Commission’s competitiveness objectives

Industry associations urge the EU to simplify the Retail Investment Strategy (RIS) to boost retail participation in capital markets, streamline processes, and reduce excessive compliance burdens. Aligning the RIS with the Commission’s goals of competitiveness and reduced red tape is key to fostering growth and financial inclusion. Read more

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

European Banking Federation