EBF MORNING BRIEF Thursday 9 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA
Reuters: Tariffied? Markets feeling the most pinch from Trump tariff risks
From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump's promise to jack up tariffs when he becomes U.S. president in less than two weeks. Trump has pledged tariffs of as much as 10% on global imports and 60% on Chinese goods, plus a 25% import surcharge on Canadian and Mexican products, duties that trade experts say would upend trade flows, raise costs and draw retaliation, as per Reuters. Read more
The Banker: CaixaBank CEO’s sceptical eye on European bank consolidation
According to The Banker, there are few people more qualified to discuss European banking consolidation than CaixaBank CEO Gonzalo Gortázar. CaixaBank, Spain’s third-largest lender by assets, is a rare example of a large European lender that has successfully completed both a domestic acquisition — with the landmark takeover of Bankia — and a cross-border European merger — by acquiring Portugal’s Banco Português de Investimento — in the past 10 years. Read more
Risk.net: Lenders scramble to get ahead of Italian fallback mandate
Banks are considering a new standard fallback template for euro loans to comply with a new law that will require robust fallbacks to be included in loans to Italian borrowers from January 10, writes Risk.net. Read more |
|
Join Us for the 13th ILF Conference on the Future of the Financial Sector!
In-person in Frankfurt and online EBF is co-hosting the 13th Conference on the Future of the Financial Sector in partnership with the Institute for Law and Finance (Goethe University Frankfurt). This conference will focus on Bank Disintermediation: Causes and Consequences, exploring transformative topics that shape the financial sector.
Keynote speakers include Lord Jonathan Hill, Lorenzo Bini Smaghi, Wim Mijs, Andreas Dombret, Cipollone Piero, Maria E. Tsani, Joanna Cound, Bárbara Navarro and many more industry leaders!
Secure your spot today at the conference, which brings together top experts from the public and private sectors to discuss the future of finance. |
|
Launch of the new C-ESG Risk Roundtable Data Workstream report
Thursday, January 23, at 3 PM, Online Join us on for the launch of the new C-ESG Risk Roundtable Data Workstream report, which will be held online.
We will be discussing, with representatives from Nordea, ING, and the European Central Bank, the use of corporate data published under the CSRD for risk management purposes and how this data on climate change, biodiversity, and ecosystems will feed key processes such as customer due diligence, customer risk assessments, and credit ratings.
To participate in the webinar, please register below: |
|
FROM EBF MEMBERS Hellenic Bank Association (HBA): Public Warning About Caller ID Spoofing Scams The Hellenic Bank Association alerts the public about the growing trend of "Caller ID Spoofing" fraud. Scammers impersonate banks by falsifying their Caller ID and tricking customers into revealing sensitive banking information, such as passwords or PINs, under the guise of preventing fraud. These calls may follow failed scam attempts to seem more convincing. Read more (GR)
Croatian Banking Association (HUB): SEPA Instant Payments: Updates for 2025
The Croatian Banking Association announces major changes in Croatia's payment system for 2025, introducing mandatory SEPA instant payments as per EU Regulation 2024/886. These updates will enable transfers in seconds, available 24/7 throughout the year. Read more (HR)
Finance Sweden: Swedish Bankers’ Association Renamed to Finance Sweden
From January 2025, the Swedish Bankers’ Association will change its international name to Finance Sweden, reflecting its broader focus and enhanced EU engagement. While the name remains unchanged in Sweden, the logo, website, and email addresses will be updated to align with the new identity. The association has expanded its presence in Brussels, sharing an EU office with Nordic counterparts to strengthen influence in EU policymaking. Read more (SV) |
|
FROM THE INSTITUTIONS ECB: What explains the high household saving rate in the euro area? Following a pandemic-related surge in 2020, the household saving rate in the euro area fell back to its pre-pandemic average by mid-2022 but has since risen again noticeably. Read more
EIOPA: EIOPA publishes biannual shifted risk-free rates for duration calculation in financial stability reporting
The European Insurance and Occupational Pensions Authority (EIOPA) published yesterday the shifted risk-free interest rate (RFR) term structures. These term structures are applied to calculate the option-adjusted duration of technical provisions, which must be reported according to the Guidelines on reporting for financial stability purposes. Read more BIS: Commodity prices and monetary policy: old and new challenges The Bank for International Settlements (BIS) explores how the 2021-2022 inflation surge was driven by rising energy and food prices, and how central banks have traditionally ignored such fluctuations. With growing geopolitical tensions, climate change, and the shift to green energy, the report warns that these price shifts may become more frequent, posing new challenges for price stability and limiting central banks' ability to manage inflations. Read more |
|
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 New EBF Vacancies! Work with us! Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
|
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 |
|
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
|
|
|
|
