EBF MORNING BRIEF      Tuesday 30 April 2024

FROM THE MEDIA

FT: Is eurozone inflation still falling?

As reported by Financial Times (FT), eurozone inflation has been falling steadily for almost all of the past 17 months and investors will be closely watching to see if price pressures continued to subside in April when that data is released on Tuesday. Read more
 

Bloomberg: ECB should be cautious about July's cut

The European Central Bank (ECB) should be cautious about the signal that a second consecutive interest-rate cut in July would send to investors, Governing Council member Pierre Wunsch said according to Bloomberg. “Cutting again in July would be interpreted by markets to mean that we’re going to cut every meeting,” the Belgian central-bank chief was cited as saying. “And that would lead to repricing that might go too far.” Read more

Reuters: Deutsche Bank falls 9% after Postbank dispute resurfaces

Deutsche Bank shares were down 9% on Monday after news that a long-running lawsuit claiming it underpaid for its purchase of its giant Postbank division could cost up to 1.3 billion euros, Reuters reports. The issue is a blow to Germany's largest lender, which last week posted better-than-expected earnings that boosted its shares. Read more

MAIN EVENTS

• Council Working Party of Financial Counsellors

• Council Working Party on Financial Services and the Banking Union 

• Council Budget Committee

• PIIE ‘The International Sustainability Standards Board’s first two years’ event

• BIS, BoE, ECB, IMF Spillover Conference

• Chatam House 'Circular economy futures 2050' webinar

FROM EBF MEMBERS

BdB: Three questions & answers on ESG risk management at a bank

Climate and environmental risks are increasingly evident in our daily lives. They are now also at the centre of banking supervision, and not only with climate stress tests. In general, environmental, social and governance (ESG) sustainability risks have become an integral part of banks' risk management. The Association of German Banks (BdB) answers three key questions on this topic. Read more (DE)

ABBL: Championing Luxembourg's financial interests in the heart of Europe

In a recent interview with Paperjam, Antoine Kremer - Luxembourg Bankers’ Association (ABBL) , ALFI & ACA Head of European Affairs - highlighted the importance of the upcoming European elections in shaping financial legislation. As co-legislators alongside Member States, MEPs exert considerable influence on the regulations that permeate the EU's financial fabric, which has a profound impact on Luxembourg's financial landscape. Read more

SBA: What is a ‘financial transaction tax’? An attempt at objectification

Here it is again knocking at the door: the 'financial transaction tax'! An abomination, even from a linguistic point of view. Too often reinvented, too often misrepresented or misunderstood. Confusion on this issue is therefore almost inevitable. The Swiss Banking Association (SBA) seeks to shed some light. Read more (FR)

FROM THE INSTITUTIONS

ECB: Monetary policy strategies to navigate post-pandemic inflation:

This European Central Bank (ECB) paper evaluates how the euro area economy would have performed since mid-2021 under alternative monetary policy strategies. It uses the ECB’s workhorse estimated DSGE model and contrasts actual policy conduct against alternative strategies which differ in their ”lower-for-longer” commitment as well as policymaker preferences regarding inflation and output volatility. Read more

EBA: New types of payment fraud and proposed measures to mitigate underlying risks and protect consumers from resultant losses 

The European Banking Authority (EBA) published an Opinion, in which it assesses payment fraud data that has recently become available to the EBA, identifies new types and patterns of payment fraud, and develops proposals to mitigate them. Read more

ESMA: Agreeing with investment restrictions on GBP LDI funds in Ireland and Luxembourg

The European Securities and Markets Authority (ESMA) has issued its advice to the Central Bank of Ireland (CBI) and the Commission de Surveillance du Secteur Financier (CSSF) on investment restrictions for GBP Liability-Driven Investment (LDI) funds to ensure their resilience. 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

European Banking Federation