EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 28 October 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 policymakers' comments at the IMF-World Bank annual meetings
The European Central Bank (ECB) cut interest rates for a third time this year last week and investors expect further reductions ahead as Eurozone inflation stabilises at the ECB's 2% target and the economy stagnates. While ECB policymakers generally agree on the direction of travel for rates, they differ as to the pace of reductions, the destination and how to communicate all that to investors, Reuters reports. Read more
Bloomberg: ECB must avoid doing undue damage to economy
The European Central Bank (ECB) mustn’t keep interest rates too high for too long, according to Governing Council member Martins Kazaks, who told Bloomberg that weakness in the Eurozone economy is now his “single biggest concern". Read more FT: Eurozone economic activity still in decline, PMI survey shows Eurozone economic activity continued to shrink in October, a survey of purchasing managers showed, underpinning the case for another cut in interest rates by the European Central Bank (ECB) by the end of the year, the Financial Times (FT) reports. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 28 October
Tuesday 29 October Wednesday 30 October Thursday 31 October |
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FROM EBF MEMBERS BdB: Advance flat rate for funds: What you should know about the tax on capital gains In January 2025, the advance flat-rate tax for investment funds will surprise many investors again – even though it has been part of the investment tax in Germany since 2018, the Association of German Banks (BdB) reports. Read more (DE)
Febelfin: Mortgage loans to continue to rise in Q3 2024
In the third quarter (Q3) of 2024, approximately 47,500 mortgage loan agreements were concluded for a total amount of approximately EUR 8.2 billion (excluding refinancing). This represents an increase of just over 9% in the number of credit agreements issued compared to the third quarter of last year. Read more (FR)
BPFI: Mortgage Approvals Report – September 2024
The Banking & Payments Federation Ireland (BPFI) has published the latest figures from the BPFI Mortgage Drawdowns Report for Q3 2024 and the BPFI Mortgage Approvals Report for September 2024. Read more |
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FROM THE INSTITUTIONS
ECB: Implications of higher inflation and interest rates for macroprudential policy stance
This European Central Bank (ECB) paper aims to assess the implications of high inflation and rising interest rates for the macroprudential policy stance. Read more ESMA: Announcement 2024 ECEP for corporate reporting The European Securities and Markets Authority (ESMA) has issued its annual European Common Enforcement Priorities (ECEP) Statement for 2024 corporate reporting. Read more
BIS: Charting the course: prudential regulation and supervision for smooth sailing
The Bank for International Settlements (BIS) has shared the keynote speech by Erik Thedéen, Chair of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank, at the Institute of International Finance Annual Membership Meeting. 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 |
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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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