📝EBF Morning Brief - Tuesday 21 January 2025: Banks Play Matchmakers in Private Credit Shift to High Grade

EBF MORNING BRIEF Tuesday 21 January 2025

FROM THE MEDIA

Bloomberg: Banks Play Matchmakers in Private Credit Shift to High Grade

Banks are steering private credit toward higher-grade assets, focusing on more secure lending opportunities, according to Bloomberg. Read more

Reuters: BoE could slow QT to hold off bond vigilantes

Facing bond market volatility and rising gilt yields, the Bank of England may consider slowing its quantitative tightening program to alleviate market pressures. This approach seeks to balance financial stability with monetary policy objectives, says Reuters. Read more

Financial Times: Mid-market delusion grips UK wealth managers

UK banks are focusing on the "mass affluent" wealth management market, driving increased competition and M&A activity, but face challenges in capturing this segment effectively, as mentioned in Financial Times. Read more

MAIN EVENTS

Council Economic and Financial Affairs

ECB: Euro area investment fund statistics (Nov. 2024)

Deutsche Bundesbank: Monthly Report (Jan. 2025) Publication of selected articles Title: ‘Risk appetite in financial markets and monetary policy’

ECB: Publication of weekly APP and PEPP portfolio updates

FROM EBF MEMBERS

Finance Latvia: How to Obtain Better Mortgage Terms?

New legislative changes in Latvia make refinancing mortgages more affordable by removing fees and simplifying processes, encouraging residents to seek better loan terms from banks. Read more (LV)

Finance Norway: New Ruling on Misclassification of Contractors

Norway's Supreme Court ruled that employers face significant financial risks from worker misclassification, granting back pay and vacation compensation to three healthcare workers misclassified as contractors for over a decade. Read more (NO)

Icelandic Financial Services Association: Financial Services of the Future - January 30 at Harpa

An upcoming conference in Reykjavik will explore the future of financial services, featuring experts from Iceland's banking, fintech, and digital asset sectors. Registration is required. Read more (IS)

FROM THE INSTITUTIONS

European Central Bank: 15th T2S Harmonisation of European securities settlement, Progress Report

This report monitors compliance with T2S harmonisation standards across 26 markets (served by 24 T2S central securities depositories, or CSDs). Read more

FROM THE EBF

New EBF Vacancy! Work with us!

Visit our Vacancies page to learn more about the EBF Events Trainee opening. Read more

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

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

European Banking Federation