EBF MORNING BRIEF Thursday 29 February 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
Reuters: EU deal on euro clearing 'light' on banks, but a first step
The European Union's deal this month on rules to end the bloc's "over-reliance" on London for clearing derivatives is "light" on banks, but just a first step if they do not shift enough business, EU commissioner Mairead McGuinness said according to Reuters. Read more
Bloomberg: ECB: banks need to improve trading client risk controls
European banks need to improve their ability to manage the risks they face in dealing with clients such as hedge funds, according to a top regulatory official. “There are some banks where we see major deficiencies, we don’t see remediation, we don’t see appropriate follow-through,” Elizabeth McCaul, member of the European Central Bank (ECB) Supervisory Board, said in a speech as quoted by Bloomberg. Read more
S&P Global Market Intelligence: Dividends set to increase at large Nordic banks in 2024
Most big Nordic banks are set to pay out higher dividends in 2024 on the back of an improved economic outlook, consensus analyst estimates compiled by S&P Global Market Intelligence indicate. Norway's DNB Bank ASA is the only Nordic lender expected to pay out a skinnier dividend than last year, falling 0.7%. Read more |
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MAIN EVENTS
Thursday 29 February
Friday 1 March |
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FROM EBF MEMBERS
FBF: French banks support the agricultural sector
A number of French banks took part in a meeting yesterday with French Ministers to discuss support for the agricultural sector. As reported by the French Banking Association (FBF), French banks, major players in regional development and local life, took this opportunity to reaffirm their commitment to supporting their customers in the agricultural sector, and are fully committed to providing a personalized response to their needs. Read more (FR)
ABBL: A place where bankers meet FinTech founders
What a success for the Luxembourg Bankers' Association (ABBL) Bank CEO FinTech Speed Meeting 2024! This gathering brings together executives from financial institutions with innovative solution providers to explore cooperation opportunities and spark ideas. Emanuele Vignoli, CEO, HSBC Continental Europe, Luxembourg S.A and Chrystelle Tassios, Business Development Manager, MySwissKeeper, shared their views on it. Read more
Finance Latvia: "European Money Quiz": call for applications
For the seventh year, Finance Latvia invites invites grades 7-9 to register for the European Banking Federation (EBF) "European Money Quiz", which aims to strengthen students' knowledge of finance, mathematics and cyber security. The Latvian national final of the quiz will take place on March 21. The students of the best class will have the opportunity to represent Latvia in the quiz finals in Brussels. Read more (LAT) |
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FROM THE INSTITUTIONS
ECB: What caused the euro area post-pandemic inflation?
This European Central Bank (ECB) paper applies the semi-structural model proposed by Bernanke and Blanchard to analyse wage growth, price inflation and inflation expectations in the euro area. It is part of a broader project coordinated by Bernanke and Blanchard to provide a unified framework for analysing and comparing global inflation dynamics across the major world economic areas. Read more
EP: Adoption of position on rules to simplify and fraud-proof withholding tax refunds
The European Parliament (EP) in plenary adopted its opinion on new rules to simplify withholding tax procedures in the EU for investors while making them fraud-proof. The simplifications to be brought about by the rules are expected to save investors around EUR 5 billion per year and, at the same time, provide tax authorities with more clarity to weed out fraudulent practices such as the cum-ex and cum-cum schemes. Read more
ESMA: Call for expression of interest: CWG for Reporting of ISG
The European Securities and Markets Authority (ESMA)is launching the process to complement the composition of the Consultative Working Group (CWG) for Corporate Reporting of its Issuers Standing Committee (ISC) with stakeholders belonging specifically to non-governmental organisations (NGOs) with an interest in high-quality sustainability reporting and academics with expertise in the area of corporate reporting. 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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