EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 25 November 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.

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FROM THE MEDIA 

Bloomberg: ECB Should Cut Each Meeting Until It Reaches 2%, Stournaras Says

The European Central Bank should lower borrowing costs at each meeting until it reaches a level that neither restricts nor stimulates economic activity, according to Governing Council member Yannis Stournaras, reports Bloomberg. Read more

S&P: High CRE exposure sees asset quality deteriorate most at Austrian, German banks

Austria-based RBI and German lender Deutsche Bank recorded the highest year-over-year increases in nonperforming loan ratios among large European banks at the end of September, S&P Global Market Intelligence data shows. Read more

The Banker: Why supporting poorer economies benefits all governments

The desperation of poverty is not bound by mere lines on a map. As we have increasingly seen in recent years, poverty will push people to bear great personal risks to cross treacherous borders, whether they are seeking a better life for their families, or just struggling for survival, writes The Banker. Read more

FINANCIAL REGULATION AGENDA for next week

Monday 25 November

• Lexxion ‘The Effect of AI on the Cybersecurity of Personal Data (GDPR 2.0)’ workshop 

• Council Horizontal Working Party on Cyber Issues

• The kick off of the European Retirement Week

Tuesday 26 November

• Deutsche Bundesbank: The digital Euro: the money of the future? Forum

• U.S. Federal Reserve: FOMC minutes — Meeting 6 November – 7 November

• ECB: Monthly indicators on government debt securities (Oct. 2024)

• Council Working Party on Financial Services and the Banking Union (Financial Services)

Wednesday 27 November

• Governing Council of the ECB: non-monetary policy meeting – hybrid format

• ENISA ‘Reframing Cybersecurity Awareness Raising’ 1st Cybersecurity Awareness Raising Conference

• Council Working party on Tax Questions (High Level)

• ECB: Euro area quarterly insurance corporations statistics (Q3 2024)

Thursday 28 November

• Deutsche Bundesbank ‘Inflation is falling. Is everything OK?’ Forum

• General Council meeting of the ECB: hybrid format

• ECB: Monetary developments in the euro area (Oct. 2024)

• EBI Advisory Board Conference on "Capital Markets Union"

Friday 29 November

• ECB: Distributional Wealth Accounts (DWA) (Q2 2024) event

• Il Salone dei Pagamenti, Italy’s biggest payments industry fair and a landmark event Alexandra Maniati, EBF's Senior Director of Innovation & Cybersecurity will be discussing the challenges and opportunities presented by the Digital Markets Act (DMA).

• SIU: Contributing Towards Financial Security in Retirement event

Global Banking Summit
December 3 & 4
Digital & In-Person | Convene Sancroft, St. Paul’s, London

In two weeks, Chairs, C-Level Executives and Directors from leading global banks and their key technology and innovation partners will gather at the Financial Times Live Global Banking Summit to confront several top line themes dominating discourse across geopolitics, economics, technology, climate, global business and investment.

EBF’s Deputy Chief Executive Officer, Sébastien de Brouwer, will speak on the Regulatory Leaders panel, addressing how to balance stability with competitiveness on the first day of the summit, from 1:05 PM to 1:35 PM (CET).

🎫 Our members are entitled to a 20% discount on both in-person and digital passes with the following discount code: FTEBF

FROM EBF MEMBERS

Dutch Banking Association (NVB): NVB, Victim Support Netherlands, and Police Urge Victims of New Form of Dating Fraud to Break the Silence

NVB, Victim Support Netherlands, and Police Urge Victims of New Form of Dating Fraud to Break the Silence November 21, 2024 An increasing number of people are falling victim to a combination of dating fraud and investment fraud (also known as "pig butchering"). On average, victims lose more than €25,000, with some losing hundreds of thousands. Read more (NL)

Febelfin: Artificial Intelligence: A Powerful Ally in the Fight Against Payment Fraud

Worldline [Euronext: WLN], a global leader in payment services, and Febelfin recently presented the latest trends in payment-related fraud. During an information session, Febelfin revealed key statistics from its latest report on fraud in Belgium, highlighting the most frequently used types of fraud and their impact on consumers. Read more (FR)

Finance Norway: The Insurance Industry Aims to Counter Cyberattacks

The insurance industry is now rolling out a tool designed to enhance businesses' resilience against cyberattacks. A cybersecurity assessment is being offered through the insurance companies' trade association, Finance Norway Insurance Operations. Read more (NO)

FROM THE INSTITUTIONS

ECB: Building a solid cyber defence for the new geopolitical season

Introductory remarks by Piero Cipollone, Member of the Executive Board of the ECB, at the tenth meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures. Read more

BIS: Basel Committee reaffirms expectation to implement Basel III; finalises guidelines to strengthen banks' counterparty credit risk management; and progresses work to strengthen supervisory effectiveness

The Basel Committee on Banking Supervision met in Basel on 19–20 November 2024 to take stock of recent market developments and risks to the global banking system, and to discuss a range of policy and supervisory initiatives. Read more

EP: Europe’s best days must lie ahead of us

At the 6th Trilateral Business Forum in Paris, EP President Metsola said that improving the productivity of the economy is the starting point for boosting Europe's competitiveness. Read more

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

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

European Banking Federation