EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 1 July 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 Recommend the EBF newsletters to a colleague. Click here to sign up! |
|
FROM THE MEDIA
Reuters: You can continue to cut rates, researchers tell ECB
The European Central Bank (ECB) faces an "easy last kilometre" in its fight against inflation and can continue to slowly cut interest rates, two researchers are set to tell the ECB's top brass next week. According to Reuters, the researchers used a model that decomposes inflation into supply, demand and the effect of monetary policy on the latter to conclude that inflation was heading back to the ECB's 2% target barring new shocks. Read more Finextra: ECB says Digital euro would maintain freedom to choose how Europeans pay With Europe inching towards the issuance of a digital euro, the European Central Bank (ECB) has embarked on a charm offensive, taking to media outlets across the continent to reassure citizens that the new payments option will compliment, not replace, cash and provide them with greater freedom of choice, Finextra reports. Read more
S&P Global Market Intelligence: European banks grappling with elevated credit, cyberrisks
Credit and cybersecurity risks faced by European banks have increased over the past year as asset quality deterioration and digital security challenges ticked up, notes S&P Global Market Intelligence. The volume of risk-weighted assets (RWA) of banks in the EU and the European Economic Area increased by more than 3% to €9.72 trillion at the end of March from €9.42 trillion a year before, as per European Banking Authority's latest risk dashboard. Read more |
|
FINANCIAL REGULATION AGENDA for next week
Monday 1 July
Tuesday 2 July Wednesday 3 July -
-
Council Working Party on Energy
Thursday 4 July
Friday 5 July
|
|
ABBL & CSSF CRR3 / CRD6 key changes |
|
 | The Luxembourg Bankers' Association (ABBL) together with the Commission de Surveillance du Secteur Financier (CSSF), invites you to a two-day webinar on the crucial changes for Luxembourg banks introduced by the CRR3 / CRD6 banking package. Understand the EU's final implementation of the Basel 3 reforms, including stricter risk-sensitive approaches and new restrictions on internal models. With CRR3 applicable from 1 January 2025 and CRD6 to be transposed into national law by 10 January 2026, this is an unmissable event for the financial sector. |
|
FROM EBF MEMBERS ABBL: Nexus2050 - Fill up on ideas and innovations! On the second day of Nexus2050, the Association of Bankers of Luxembourg (ABBL) remains at the forefront of discussions on innovation and sustainability in the financial sector. ABBL invites you to join at the dedicated stand, participate in interesting conversations, discover membership and take part in Supercomputing Day 2024. Read more Finance Norway: PISA report shows financial education importance Financial literacy among Norwegian 15-year-olds is lower than in other OECD countries, according to the latest OECD's Programme for International Student Assessment (PISA) report. Fortunately, the report shows that young people feel relatively confident about banking tasks such as keeping track of their bank account, paying by card and transferring money," says Finance Norway's consumer policy director Gry Nergård. Read more (NO)
Febelfin: Digital Payments Barometer 2024
Digital payments continue to gain ground in Belgium, with habits evolving rapidly, especially among young people, who increasingly pay by smartphone and other portable devices, or by QR code. These are the findings of the latest Digital Payments Barometer, a study led by the Free University of Brussels on behalf of its partners, including Febelfin. Read more (FR) |
|
FROM THE INSTITUTIONS
ECB: The road ahead: is there room for optimism?
We just lowered our interest rates, as inflation is falling. But what was behind this decision and what comes next? Paul Gordon and Chief Economist Philip R. Lane discuss these questions ahead of the European Central Bank (ECB) Forum on Central Banking. Read more
EBA: Italian waiver for STS on-balance-sheet securitisation justified
The European Banking Authority (EBA) published an Opinion addressed to Consob, the Italian Securities Commission, in response to the Competent Authority’s notification of its decision to grant the permission referred to in Article 26e(10) of the Securitisation Regulation, which specifies the eligibility criteria for high-quality collateral for on-balance-sheet securitisations to qualify as Simple, Transparent, and Standardised (STS). Read more ESMA: Guidelines on suitability of management body members and shareholders for entities under MiCA The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published joint guidelines on the suitability of members of the management body, and on the assessment of shareholders and members with qualifying holdings for issuers of asset reference tokens (ARTs) and crypto-asset service providers (CASPs), under the Markets in Crypto Assets regulation (MiCA). Read more |
|
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 |
|
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 |
|
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
|
|
|
|
