EBF MORNING BRIEF Thursday 24 October 2024 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
CNBC: ECB policymakers split on the need for jumbo rate cuts as growth concerns take over
According to CNBC, policymakers at the European Central Bank (ECB) are split on the need to consider a jumbo half-point interest rate cut in December, even as downside risks dominate on both economic growth and inflation. Read more
Bloomberg: ECB’s Lane says disinflation in the Euroarea is well on track
Disinflation in the Euroarea is making progress, according to what European Central Bank (ECB) Chief Economist Philip Lane told Bloomberg. Read more
The Banker: Banks must pivot AI initiatives as fatigue sets in
Banks today face growing pressure to innovate. Listen to most management consultants and you’d believe that deep learning — the algorithms underpinning advancements in generative artificial intelligence such as large language models — is rapidly changing financial services, The Banker reports. Read more |
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MAIN EVENTS
Thursday 24 October
Friday 25 October
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The 2024 Financial Times Global Banking Summit, scheduled for this December both online and in-person, will address several high-priority themes that are shaping discussions around geopolitics, economics, technology, climate, global business, and investment.
EBF’s Deputy CEO, Sébastien de Brouwer, will participate in the Regulatory Leaders panel, where he will explore how to strike a balance between stability and competitiveness. His session will take place 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, using the following discount code: FTEBF |
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FROM EBF MEMBERS Finance Latvia: Identity theft, not personal belongings - how to recognize it and protect yourself? Fraudsters have moved from stealing physical items to a more dangerous type of fraud - identity theft. While both of these actions cause significant harm to victims, identity theft can have long-term consequences. Read more (LV)
ABBL: Response to the consultation on the Luxembourg's Blockchain IV Draft Law
The Luxembourg Bankers' Association (ABBL) has provided its opinion on Draft Law No. 8425, focusing on leveraging Distributed Ledger Technology (DLT) to modernise the issuance and custody of securities. Read more BPFI: International Banking: Looking forward after a year of elections The Federation of International Banks in Ireland, which is affiliated to Banking & Payments Federation Ireland (BPFI), will host its flagship annual conference ‘International Banking: Looking forward after a year of elections’ on Wednesday 20th November. Read more |
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FROM THE INSTITUTIONS
ECB: A statistical approach to identifying ECB monetary policy
The European Central Bank (ECB) constructs monetary policy indicators from high-frequency asset price changes following policy announcements, emphasising the concentration of asset price responses along specific dimensions and their leptokurtic distribution. Read more
EBA: Release of a first draft of the technical package for its 4.0 reporting framework
The European Banking Authority (EBA) has published a draft technical package for version 4.0 of its reporting framework. Read more
BIS: Change happens - and why central banks care
The Bank for International Settlements (BIS) has published the speech by Cecilia Skingsley, Head of the BIS Innovation Hub, at the Eight Annual Fintech Conference of the Federal Reserve Bank of Philadelphia. 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 [email protected] European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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