EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 9 September 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
The Banker: ECB calls on banks to invest in cyber resilience
The European Central Bank (ECB) has urged banks to invest in strengthening operational resilience in the midst of increasing internal and external IT threats. “One important factor challenging banks’ operational resilience is IT and cyber risk ... [which] can have a material financial, reputational and legal impact,” said Frank Elderson, vice-chair of the ECB Supervisory Board, in a speech reported by The Banker. Read more
Reuters: Deutsche Bank settles longest-running claim over Postbank
Deutsche Bank has reached a settlement in its longest-running litigation over its 2008 takeover of Postbank. The settlement with German investment company Effecten Spiegel includes an additional payment of 36.50 euros ($40.53) per share on the then-takeover offer price as proposed by the bank, Deutsche Bank added in a statement reported by Reuters. Read more Bloomberg: ECB to keep cutting quarterly despite weaker economy The European Central Bank (ECB) won’t react to a weakening euro-zone economy by lowering interest rates more rapidly, according to a survey of analysts published by Bloomberg. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 9 September
Council Working Party on the Environment Council Horizontal Working Party on Cyber Issues Horizontal Working Party on Cyber Issues Tuesday 10 September Wednesday 11 September Council Horizontal Working Party on Cyber Issues Thursday 12 September Friday 13 September |
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THIRD 2024 BANKING ESSENTIALS WEBINAR The Future of Instant Payments:
Challenges and Strategies in Europe Wednesday 25 September 2024 | 3:30 - 4:30 PM (CET) |
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European banks are currently navigating the complex world of instant payments, a sector that has seen rapid growth and significant regulatory attention. As interest rates rise, the implications for payment systems and their regulation become increasingly important. This webinar will provide a deep dive into the instant payment regulations that are shaping the European financial landscape, offering a clear understanding of the rules and their impact on banking operations.
The EBF will be represented by Christophe Bonte, Senior Policy Adviser for Payments & Innovation, who will introduce the topic and open the panel.
Register now to gain insights into future market developments in the instant payments sector, as well as the challenges and opportunities ahead.
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FROM EBF MEMBERS BdB: Mistakes in investing: Do it better Investing money is not only advisable as a financial precaution, it can also be fun. However, there are also many traps that one can fall into. As the Association of German Banks (BdB) underlines, even experienced investors are not immune to mistakes. Read more (DE) FBF: Banque de France: New educational video dedicated to female entrepreneurship Banque the France, in partnership with other institution like the French Banking Federation (FBF), has produced new videos as part of its financial education mission, the aim of which is to support women in their business creation or takeover projects. Read more (FR)
Finance Latvia: Magnetiq Bank: first bank in the Baltics to introduce Visa B2B Connect
Magnetiq Bank continues to introduce new financial innovations and starts offering a payment solution that has never been seen in Latvia before - Visa B2B Connect, becoming the first Latvian bank in the Baltics and one of the first in Europe to offer this type of financial solution. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Letter from Piero Cipollone to Aurore Lalucq, ECON Chair
Piero Cipollone, European Central Bank (ECB) Member of the Executive Board, has sent a letter to the ECON Chair Aurore Lalucq to give updates on the work of the digital euro scheme's Rulebook Development Group. Read more
BIS: François Villeroy de Galhau: The European mysterious gap
The Bank for International Settlements (BIS) has published François Villeroy de Galhau's - Governor of the Bank of France - speech at the Bruegel Annual Meetings on 4 September 2024. The speech began by emphasising the four major reasons why Europe should move forward again. Read more SRB: Dominique Laboureix's keynote speech at BdB "The last parliamentary mandate ended with quite some suspense on the Banking Union files. In the first part of the year, lawmakers managed to advance on the crisis management and deposit insurance reform (CMDI) and reignited the debate on the European deposit insurance scheme (EDIS)" said Single Resolution Board (SRB) Chair Dominique Laboureix's in his keynote speech at the Association of German Banks (BdB). 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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