EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 17 June 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! |
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FROM THE MEDIA
Reuters: ECB's Kazaks backs market bets on cuts if data holds
The European Central Bank (ECB) can continue to lower interest rates broadly how the market expects if inflation keeps easing as envisaged, ECB policymaker Martins Kazaks told Reuters. The ECB lowered its policy rate from a euro-era high last week but held back from any promise to follow up its move. Read more FT: Banks need to get more granular on risk Banks are in the business of managing risk. According to the Financial Times (FT), they should have the fullest picture possible of where the potential pitfalls lie in their operations. Yet in recent remarks, Elizabeth McCaul of the Supervisory Board of the European Central Bank highlighted weaknesses in data aggregation and risk reporting by banks. Read more
The Banker: EU banking union would face further delay under a Le Pen-dominated French parliament
Progress on the EU banking union may face further delays if the far-right Rassemblement National (RN) gains power in France, due to their hostility towards deeper EU integration, the Banker notes. RN’s rise, combined with German opposition, could slow down the set-up of the European Deposit Insurance Scheme, a vital piece of the banking union. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 17 June
Tuesday 18 June
Wednesday 19 June
Thursday 20 June
Friday 21 June
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FROM EBF MEMBERS
BdB: The demands of the German economy for the AI Regulation
The Association of German Banks (BdB) has published a position paper summarising the demands of the German economy for further regulation of artificial intelligence and the implementation of the AI Regulation. Read more (DE) BPFI: Mortgage Market Profile – H2 2023 The Mortgage Market Profile Report H2 2023, published by Banking & Payments Federation Ireland (BPFI), shows that Dublin borrowers accounted for more than 40% of all FTB mortgages in Kildare, Wicklow and Meath in 2023 and an even higher share of mortgages for new semi-detached or terraced houses. Read more SFF: Report of the European Insurance Association Finance Iceland (SFF) has published the annual report of the European insurance association Insurance Europe. The report touches on a wide range of issues within the insurance industry, the effects of climate change, sustainability, motor insurance issues, access to data, cyber security and the aftermath of the Ukraine war. Read more (IS) |
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FROM THE INSTITUTIONS
ECB: Making the digital euro truly private
When paying, many people appreciate privacy and want their data protected. Therefore the European Central Bank (ECB) is designing the digital euro to be the most private electronic payment option. Read more
EIOPA: Annual Report
The European Insurance and Occupational Pensions Authority (EIOPA) has published its Annual Report. EIOPA met its goals in line with its overall strategy, including, among all, sustainable finance, digitalisation and financial stability. Read more EBA: Regulatory products under MiCAR The European Banking Authority (EBA) has published the package of technical standards and guidelines under the Markets in Crypto-Assets Regulation (MiCAR) on prudential matters, namely own funds, liquidity requirements, and recovery plans. Read more |
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FROM THE EBF
Assessing credit risk at Europe's banks in an uncertain climate
The second EBF and S&P Global Market Intelligence Banking Essential Series webinar of the year was held on 14 June. Watch the recording to hear the panel discussion on the current state of credit risk and asset quality in Europe, how some economies have rid themselves of huge bad loan burdens, and the outlook for the future. Read more
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 r.hrelja@ebf.eu
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