EBF MORNING BRIEF Tuesday 16 April 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: EU faces decline without market reform, report warns
The EU must integrate its financial, energy and telecommunications markets or face losing its “economic security” and falling further behind the US and China, Enrico Letta, former Italian prime minister warned. Tasked by European leaders to assess the state of the EU’s underperforming single market, told the Financial Times (FT) that further European integration was a matter of survival in the global economy. Read more Reuters: UK fintechs ask government for help to ease capital shortages Leaders of the UK's financial technology industry are urging the British government to increase tax relief and help them raise more investment, as some executives warn a shortage of domestic investors is holding back the sector, Reuters reports. Trade body Innovate Finance's "Unicorn Council", set out policy recommendations on Monday that it said would help the UK maintain its position as a fintech hub. Read more
Bloomberg: ECB’s Simkus sees three rate cuts in 2024
European Central Bank (ECB) Governing Council member Gediminas Simkus said borrowing costs will start to decline from June, predicting at least three such moves in 2024. “I see a higher than 50% chance there will be more than three cuts this year,” Simkus said according to Bloomberg. “I see a higher than zero chance that an interest-rate cut may follow also in July. The July decision will be important in setting the trajectory.” Read more |
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Sustainable Investment Forum Europe 2024 Uniting the financial sector for a sustainable Europe: Strengthening connections to drive economicand environmental progess Thursday 2nd May 2024 |
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EBF is delighted to announce its partnership with Climate Action for the 7th Annual Sustainable Investment Forum Europe taking place on the 2nd May with UNEP FI.
The must attend Forum will feature discussions on decarbonization, as well as pioneering work on nature and biodiversity, adaptation, the Just Transition and leading research and best practices to identify, measure, disclose, and manage sustainability risks.
Our goal is to align sustainable finance with the real economy and enable
a just transition to a net-zero, nature positive global economy.
We have an exclusive 25% discount for our network using EBF25,
register now to save on your delegate pass! |
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FROM EBF MEMBERS
ABI: Monthly Report - April 2024
The Italian Banking Association (ABI) published its monthly report for April 2024. The results show that in recent months, the first signs of a decrease in market rates compared to previous highs and compared to ECB rates are becoming apparent. Read more (IT)
Febelfin: Five operational challenges for UK financial institutions
Too many young people are still not sufficiently aware of the dangers of online fraud. 23% of young people have never heard of phishing. With the Hacker Hotline, a mobile escape room, Febelfin wants to make young people aware of the dangers of online fraud and quick money in a fun way and help them to protect themselves against this. Read more
BPFI: First female duo will represent Ireland at EMQ finals in Brussels
Banking & Payments Federation Ireland (BPFI) is delighted to announce that the first female duo will represent Ireland at the European Money Quiz 2024 in Brussels. Maria Miller and Lily O’Connor, 15-years of age and third-year students at Presentation College Carlow, beat competition from over 2,000 students in the Irish finals of the quiz. Read more |
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FROM THE INSTITUTIONS
ECB: Disinflation in the euro area: an update
In this speech at the University College Dublin Economics Society, Philip R. Lane, Member of the Executive Board of the European Central Bank (ECB), reviews the recent evolution of inflation in the euro area and discusses the implications for monetary policy. Read more
EIOPA: Impact of new accounting standard in insurance after first year of IFRS 17’s implementation
The European Insurance and Occupational Pensions Authority (EIOPA) published today a report analyzing how insurance undertakings in the EU implemented the new insurance accounting standard IFRS 17 as well as the synergies and differences in the calculation of insurance liabilities with the Solvency II framework. Read more
BIS: Sharper supervision in an era of technology races
"A core question is: how, over the next decade, do we wish to respond to what is likely to be more and faster change, bringing with it significant opportunities and potentially some profound challenges?", said Cecilia Skingsley, Head of the Bank for International Settlements (BIS) Innovation Hub, speaking at the Innovate Finance Global Summit. 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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