EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 24 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
Bloomberg: Knot sees strong case for quarterly policy assessments
There’s a “strong case” for the European Central Bank (ECB) to decide on interest rates once a quarter when new economic projections are available, Governing Council member Klaas Knot said in a speech reported by Bloomberg. Read more Reuters: EU banks see jump in problem loans to small companies Banks across the European Union experienced a jump in souring loans to small and medium sized companies in the first quarter of the year, though their profitability held up, the bloc's banking watchdog told Reuters. Read more
FT: Markets ignore the internal politics of central banks at their peril
This year macroeconomists and market mavens alike have been making mistaken guesses about the interest rate calls of major central banks. According to the Financial Times (FT), the masters of finance need to add institutional politics to their forecasts. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 24 June
Tuesday 25 June Wednesday 26 June Thursday 27 June
Friday 28 June
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European Commission Joint Research Centre 6th Summer School on Sustainable Finance |
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 | This summer, the 6th edition of the Summer School on Sustainable Finance, organized
by the Joint Research Centre (JRC) of the European Commission, will take place
in a hybrid format on June 27 and 28. The summer school will cover topics
such as climate risks, environmental degradation, nature-related
financial risks, EU sustainability regulation, and carbon emissions.
Registration is free, encouraging diverse attendance for vital cross-sector discussion.
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FROM EBF MEMBERS ABBL: Taking the pulse on Gen AI adoption in the financial sector Faced with the questions surrounding the use of Generative Artificial Intelligence (Gen AI), the Luxembourg Bankers' Association (ABBL) conducted a second edition of their survey to unveil the current perceptions and trends on the use of GenAI within the Luxembourg financial sector. Read more Febelfin: Figures 2023: 'Phishing and other lurking dangers' From the results of the Febelfin study, it appears that cybercriminals sent out a massive number of phishing messages in 2023. Regardless of age, education level, language, everyone is in the sights of cybercriminals. Read more (FR)
CBA: CNB will decide on a further reduction in interest rates
The Czech National Bank (CNB) will decide on monetary policy next Thursday. It will only evaluate current developments compared to the last forecast from May, the Czech Banking Association (CBA) reports. Read more (CZ) |
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FROM THE INSTITUTIONS
ECB: Costs and benefits of a positive neutral rate
The early build-up of the countercyclical capital buffer through a positive neutral rate allows macroprudential authorities greater margin to support the economy in the event of shocks. According to the European Central Bank (ECB), the resulting more gradual build-up of the buffer also reduces the costs for the economy. Read more
EBA: Profitability of EU banks remains resilient
The European Banking Authority (EBA) published its Q1 2024 quarterly Risk Dashboard, which discloses aggregated statistical information for the largest EU/EEA institutions together with the Risk Assessment Questionnaire. Read more BIS: Annual Economic Report The Annual Economic Report is the Bank for International Settlements (BIS)'s main economic review of the year. It presents commentary on the global economy and outlines policy challenges. 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 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 |
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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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