EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 7 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
Bloomberg: Euro is set for worst streak in five months on ECB rate-cut bets
The euro is poised for its longest losing streak since April as traders bet on an increasingly aggressive path for interest-rate cuts by the European Central Bank (ECB), Bloomberg reports. Read more
S&P Global Market Intelligence: Top 20 European banks by market cap, Q3 2024
The market value of Santander rose 7.9% to €70.79 billion over the three-month period, while BNP Paribas' rose 3.4% to €69.55 billion, according to S&P Global Market Intelligence data. Read more
The Banker: Banks optimistic on meeting ISO 20022 deadline, but challenges remain
Banks across the globe are facing significant challenges in the adoption of Swift’s ISO 20022 standard. According to The Banker, the new transaction format requires an overhaul of many major banks’ legacy systems, functioning across fragmented external markets and internal IT infrastructure networks. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 7 October
Council Working Party on the Environment Tuesday 8 October Fintech District ‘Milan Fintech Summit 2024’ Alexandra Maniati, Senior Director of Innovation & Cybersecurity at EBF speaking Wednesday 9 October Council Horizontal Working Party on Cyber Issues Thursday 10 October Friday 11 October |
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FROM EBF MEMBERS ABBL: DORA: addressing the second batch of technical standards The Luxembourg's banking and fund industries gathered for an event organised by the Luxembourg Bankers' Association (ABBL) and ALFI in cooperation with the CSSF, focusing on the Second Batch of Regulatory Technical Standards (RTS) under the EU Digital Operational Resilience Act (DORA). Read more
Finance Latvia: Can only the wealthy invest in shares?
The world of investments is a profitable way to increase your income in the long term and ensure a more financially stable future. However, investing in shares can seem too complicated and intimidating to many, and is often associated with increased risk and large investments. Read more (LV)
Finance Finland: Director of EU Affairs Mari Pekonen-Ranta: Less is more – The landslide of regulation must be stopped in time
Finance Finland’s Director of EU Affairs Mari Pekonen-Ranta names three key developments that have contributed to the influx of new EU regulation: the financial crisis, sustainable development regulation and digitalisation. Read more |
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FROM THE INSTITUTIONS
ECB: Monetary policy transmission: why consumers’ housing situations matter
Monetary policy decisions have direct financial consequences for many consumers, especially as they influence mortgage conditions. The European Central Bank (ECB) Blog looks at how these effects differ based on consumers’ mortgage situations and why that matters for the transmission of monetary policy. Read more
EBA: Response to the European Commission on the eligibility and use of credit insurance
The European Banking Authority (EBA) published a Report on eligibility and use of credit insurance, in response to the European Commission’ request under the Capital Requirements Regulation (CRR3). Read more
ESMA: Launch of new consultations under the MiFIR Review
The European Securities and Markets Authority (ESMA) has launched two consultations on transaction reporting and order book data under the Markets in Financial Instruments Regulation (MiFIR) Review. 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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