What ‘golden power’ rules mean for EU banking EBF MORNING BRIEF Thursday 16 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: What ‘golden power’ rules mean for EU banking
Italy may use "golden power" rules to block or condition UniCredit's €10.1bn bid for Banco BPM over job loss and national interest concerns, as per The Banker. Read more
Financial Times: Stocks and bonds rally after US price pressures ease
According to The Financial Times, US stocks and bonds rallied sharply as lower-than-expected core inflation data fueled bets on swifter Federal Reserve rate cuts this year. Read more
Risk.net: The Emir error reports that cost banks millions
New European reporting rules are forcing dealers to send costly, high-volume trade error reports to clients, with limited perceived value for improving data quality, writes Risk.net. Read more |
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EVENTS
Thursday 16 January
Bank of England: Bank Liabilities Survey (2024 Q4) UNECE ‘GRVA Workshops on Cybersecurity’ Council Horizontal Working Party on Cyber Issues Council Working Party on Competitiveness and Growth – Internal Market Council Working Party on Financial Services and the Banking Union (Banking Union) EBA: Public hearing on Regulatory Technical Standards on CCP to strengthen fight against financial crime W@Competition, GCLC Event ‘Merger Control for Competitive Europe’ Chatham House ‘In conversation with HE Mehmet Simsek, Minister of Finance for Türkiye’ Friday 17 January Council Working Party on Financial Services and the Banking Union (Banking Union) ECB: Euro area seasonally adjusted HICP (Dec. 2024) Council Working Party of Financial Counsellors |
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FROM EBF MEMBERS Spanish Banking Association: AEB Foundation, UCI, and Prodis Foundation Promote Inclusive Financial Education A pioneering agreement between the AEB Foundation, UCI, and Prodis Foundation aims to advance financial education for people with disabilities in Spain by developing accessible, easy-to-read materials and scaling programs through volunteers. Read more (ES)
French Banking Federation: Latest Figures on Business Financing
French businesses show resilience with reduced debt and strong access to financing, though economic challenges and rising defaults persist. Read more (FR) Febelfin: Banker's oath: focus on integrity and customer Belgian bank employees will take an oath to prioritize customer interests, act ethically, and strengthen trust in the banking sector. Read more |
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FROM THE INSTITUTIONS European Central Bank (ECB): Exploring an uncertain future with the help of scenarios The ECB uses scenario, sensitivity, and risk analyses to enhance forecasting and address uncertainties from crises and structural economic changes. Read more
The European Insurance and Occupational Pensions Authority (EIOPA): EIOPA’s Consumer Trends Report shows digitalisation is transforming insurance and pensions services
EIOPA’s 2024 Consumer Trends Report highlights key developments in insurance and pensions, including digitalization, AI’s impact, low pension uptake amid widening gaps, and ongoing concerns over value for money and greenwashing risks. Read more European Commission (EC): Commission calls on Member States to review outbound investments and assess risks to economic security The EC recommends Member States review outbound investments in semiconductors, AI, and quantum technologies to assess and mitigate economic security risks. Read more |
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FROM EBF
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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