EBF MORNING BRIEF Tuesday 9 January 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
Bloomberg: European banks expected to outperform US ones by highest rate in a decade
European banks are set for their best-ever year against American rivals after souring debts and regulatory concerns halted US lenders’ record-breaking end to 2023. Bloomberg analysts see Europe's banks as undervalued and playing catch-up this year. Read more
PYMNTS: FIs likely to use AI and ML to fight financial crime
Financial institutions (FIs) are recognizing the importance of fraud-fighting technologies. To combat the growing threat of fraud, FIs are taking proactive measures to enhance their fraud-fighting efforts. These include ramping up their investments in machine learning (ML) and artificial intelligence (AI) technologies, according to a report by PYMNTS. Read more
Reuters: Europe's property boom lowered inequality, ECB says
Wealth inequality declined in the eurozone over the past five years, confounding some expectations, as a large middle class with widespread property ownership benefited from a house price boom, the European Central Bank (ECB) said as heard by Reuters. Read more |
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MAIN EVENTS Council Working Party on the Environment House of Commons Treasury Committee, and Treasury Sub-Committee on Financial Services Regulations: Oral evidence session |
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FROM EBF MEMBERS
CBA: The industry slumped in November
Industrial production disappointed in November, falling 2.7 % year-on-year, while the market was expecting a more modest decline. These figures result from the Economic Commentary by Jakub Seidler, Chief Economist of the Czech Banking Association (CBA). Read more (CZ)
UK Finance: Helping households meet the cost-of-living challenges
PRA Group, a global leader in acquiring and collecting nonperforming loans, is working with UK Finance and with the UK’s largest debt charity, StepChange, to help customers across the industry who are concerned about their finances. Read more FBF: List of AERAS referents The French Banking Federation (FBF) published the list of AERAS referents of credit institutions updated as of January 8, 2024. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Central bank money settlement of wholesale transactions in the face of technological innovation
This article by the European Central Bank (ECB) discusses the rationale for the Eurosystem exploring central bank money settlement of transactions registered on DLT platforms, the results of its analysis so far, and the envisaged next steps. Read more
ESAs: Draft implementing technical standards specifying certain tasks of collection bodies and certain functionalities of the ESAP
The three European Supervisory Authorities (ESAs) published a Consultation Paper on the draft implementing technical standards (ITSs) regarding the tasks of the collection bodies and the functionalities of the European Single Access Point (ESAP). Read more
EC: Rules to boost cybersecurity of the EU institutions enter into force
The new Cybersecurity Regulation laying down measures for a high common level of cybersecurity within the EU entered into force. As announced by the European Commission (EC), it lays down measures for the establishment of an internal cybersecurity risk management, governance, and control framework for each Union entity. 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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This newsletter is published by the EBF Mediacentre.
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