EBF MORNING BRIEF Tuesday 29 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.
Recommend the EBF newsletters to a colleague. Click here to sign up!
|
|
|
FROM THE MEDIA
Reuters: No urgency for ECB to speed up policy easing, Wunsch says
There is no urgency for the European Central Bank (ECB) to cut interest rates quicker and it could even live with a small, temporary undershoot of its inflation target, Belgian central bank chief Pierre Wunsch told Reuters, joining colleagues in pushing back on more dovish views. Read more
Bloomberg: ECB communications are getting messy as rate cuts advance
So far, European Central Bank (ECB) officials have mostly succeeded in steering the Eurozone economy toward 2% inflation with a single voice. But as they circle in on their target, views on what to do when are set to diverge, Bloomberg reports. Read more
Risk.net: Physical climate risk threatens 15% of EU banks’ property loans
According to Risk.net, a Risk Quantum analysis of 29 European banks shows that on average over 15% of their loans collateralised by property were classified as sensitive to physical climate change risks in the second quarter. Read more |
|
The UN Environment Programme Finance Initiative (UNEP FI) is hosting its 18th Global Roundtable from 10-11 December 2024 in Geneva, Switzerland and online.
As the premier event driving sustainable finance worldwide, the Global Roundtable will play a pivotal role in shaping the future of sustainable finance by convening thousands of leaders from banking, insurance, investment, policymaking, and civil society to set the sustainable finance agenda and catalyze action across the financial system. This year’s event will foster collaboration on critical global challenges, including accelerating climate action, financing nature, and promoting financial inclusion. It will also tackle the complexities of evolving regulations, climate and nature-related risks, and emerging issues like circularity and plastic pollution.
The European Banking Federation is proud to be a Supporting Organisation at this influential gathering, contributing to the collective efforts to drive sustainable transformation within the finance industry. |
|
FROM EBF MEMBERS BdB: Impact of the US elections on companies in Germany and Europe On November 5, 2024, the USA will hold elections: a new president, the entire House of Representatives and a third of the Senate. According to the Association of German Banks (BdB), further political and economic developments in the USA will also have a significant impact on the economy and companies in Germany and Europe. Read more (DE) Finance Latvia: Jānis Rosenfeld: US presidential elections - should we pull money out of savings? Finance Latvia has published Jānis Rozenfelds, head of SEB Investment Management, speech about the upcoming US presidential elections. Read more (LV) Finance Iceland: Capital flows and improved living standards A decade ago, the consulting firm Oliver Wyman published a report on the competitiveness of the Icelandic financial system and pointed out where improvements could be made. Iceland was then ranked 68th out of 144 countries. Read more (IS) |
|
FROM THE INSTITUTIONS
ECB: The ECB’s accountability to the European Parliament 2019-2024: commitment in times of change
The independence of the European Central Bank (ECB), particularly in its monetary policy decisions, ensures that it can effectively pursue price stability. At the same time, this independence is counterbalanced by accountability to ensure that the ECB remains answerable to the public and its representatives, thereby providing democratic legitimacy for its actions. Read more
BIS: Project Mandala: shaping the future of cross-border payments compliance
According to the Bank for International Settlements (BIS), Project Mandala has successfully demonstrated the feasibility of embedding policy compliance in cross-boarder transaction protocols. Read more
ESMA: Consultation on amendments to MiFID research regime
The European Securities and Markets Authority (ESMA) has launched a consultation on amendments to the research provisions in the Markets in Financial Instruments II (MiFID II) Delegated Directive following changes introduced by the Listing Act. Read more |
|
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 |
|
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
|
|
|
|
