EBF MORNING BRIEF Thursday 31 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
FT: Eurozone economy grows 0.4% in third quarter
According to the Financial Times (FT), the Eurozone economy expanded by 0.4% in the third quarter, providing a boost for a region where growth has faltered this year. Read more
Bloomberg: German inflation ticks up sharply, highlighting ECB challenge
German inflation quickened more sharply than expected and exceeded the European Central Bank’s (ECB's) 2% target – underpinning the challenges for policymakers in deciding on the pace and extent of further monetary-policy easing, Bloomberg reports. Read more
Risk.net: Why the Basel III rollback won’t halt US risk transfer deals
New risk-sharing structures from the biggest banks, and greater issuance from regionals, will drive continued activity in the US credit risk transfer market, despite rule changes that some say could end the market’s rapid growth, Risk.net reports. Read more |
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FROM EBF MEMBERS Finance Latvia: European Capital Markets Union: What would we get out of it? Finance Latvia has shared the speech by Chairman of the Board Uldis Cērps at the "Boardroom Lunch" event organized by the Riga School of Economics and Pedersen & Partners. Read more (LV)
Finance Denmark: Consultation response on the permanent freezing scheme for increases in property value tax and land debt
The Ministry of Taxation has sent draft amendments to L 24 on a remission and repayment scheme for land debt in 2024 in certain subdivision cases for consultation. Finance Denmark takes the opportunity to comment on a part of the bill that was not subject to public consultation before it was presented. Read more (DK) AEB: Kindelán: “The economy, businesses and families are the ones who suffer” The president of the Spanish Banking Association (AEB) rejects the extension of the tax on the banking sector in this interview with the newspaper 'La Vanguardia'. Read more (ES) |
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FROM THE INSTITUTIONS
ECB: Euroarea fiscal position in 2024
After years of fiscal support to mitigate the impact of the COVID-19 pandemic and the recent energy crisis, plans were made to improve the Euroarea countries’ fiscal positions more markedly in 2024, the European Central Bank (ECB) reports. Read more
BIS: Trade fragmentation, inflationary pressures and monetary policy
This Bank for International Settlement (BIS) paper investigates how trade fragmentation influences inflationary pressures and examines the necessary monetary policy responses to maintain inflation at target levels. Read more
ESAs: Rules to facilitate access to financial and sustainability information on the ESAP
The three European Supervisory Authorities (ESAs) have published the Final Report on the draft implementing technical standards (ITS) regarding certain tasks of the collection bodies and functionalities of the European Single Access Point (ESAP). 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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