EBF MORNING BRIEF Monday 20 January 2025 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
The Banker: Trade and geopolitical headwinds threaten prolonged low global growth
Global growth set to remain below pre-Covid average in 2025/6, says World Bank. Trade tensions and geopolitical risks threaten prolonged low growth, with emerging markets hit hardest by rising debt and weak investment, states The Banker. Read more Bloomberg: European Banks Warn of Competitive Hit From Uneven Capital Rules European banks say they risk being put at a disadvantage to global competitors in the face of diverging regulation after the UK announced a delay in implementing international capital standards, according to Bloomberg. Read more
Reuters: ECB should not rush rate cuts, Nagel says
The European Central Bank should not rush to lower interest rates because inflation remains high and uncertainty great, ECB policymaker Joachim Nagel said in an interview published on Friday, writes Reuters. Read more |
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EVENTS Deutsche Bundesbank: ‘Cash, Card and Smartphones – this is how Germany pays’ Forum Bundesbank Eurostat: GDP main aggregates and employment (Q3/2024) |
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FROM EBF MEMBERS UK Finance: Criminals sentenced for intercepting post and defrauding victims out of over £1 million Two men from London have been sentenced at Inner London Crown Court after intercepting postal correspondence and using confidential information to steal money from bank accounts. Read more
Finance Latvia: New Tool Simplifies Business Registration Process
Swedbank has developed a free tool to streamline the preparation of key documents required for registering new businesses (SIA) in Latvia, reducing errors and saving time for entrepreneurs. Read more (LV)
Hellenic Bank Association: Summary Bulletin of Developments/ Publications for December at National and European Levels
The December bulletin from the Hellenic Bank Association outlines key developments and publications affecting the banking sector at both national and European levels. Read more (EL) |
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FROM THE INSTITUTIONS European Central Bank: Euro area monthly balance of payments: November 2024 The ECB's latest balance of payments data reveals a €27 billion current account surplus for the euro area in November 2024, driven by increased goods exports and a surplus in services. Read more
European Council: Press briefing - Economic and Financial Affairs Council
The press briefing ahead of the Economic and Financial Affairs Council will take place on Monday, 20 January 2025 at 11.00. This briefing will be "off the record". Read more European Securities and Markets Authority: ESAs publish study on feasibility of further centralisation of major ICT-related incident reporting by financial entities The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published on Friday a report on the feasibility of further centralisation in the reporting of major ICT-related incidents by financial entities according to Article 21 of the Digital Operational Resilience Act (DORA). Read more |
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FROM EBF
New EBF Vacancy! Work with us!
Visit our Vacancies page to learn more about the EBF Events Trainee opening. Read more
Facts&Figures 2024
The European Banking Federation (EBF) has published Facts & Figures 2024, its annual update on the banking sector in Europe. Building on 2023 data from the European Central Bank (ECB), the statistical publication provides users with a unique perspective on the structure, performance, lending, and deposit trends in European banking alongside a country-by-country overview. Read more
New Report of the C-ESG Risk Roundtable Data Workstream
The latest report from the Data Workstream of the C-ESG Risk Roundtable explains how climate change and biodiversity- and ecosystems-related disclosures from non-financial corporates under the CSRD can be utilized by banks for risk management purposes. It serves as a starting point for fostering better dialogue between banks and non-financial corporates, ultimately contributing to key processes such as customer due diligence, customer risk assessments, and credit ratings. 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 [email protected] European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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