EBF MORNING BRIEF Wednesday 17 July 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 Risk.net: EU banks hedge net interest income to pass new IRRBB test European banks are stepping up their preparations for some challenging exams later this year. From October 2024, banks in the European Union will report to their supervisors the results of a new test gauging the risk of shifting interest rates on their income from traditional deposit and lending activities, Risk.net reports. Read more
Reuters: ECB: Euro zone households seek loans again after two years
Banks in the euro area reported the first increase in demand for consumer credit and housing loans since 2022, the European Central Bank (ECB) said according to Reuters. "Improving housing market prospects, cited primarily by German banks, were the main driver of the increase in housing loan demand," the ECB said. "The general level of interest rates and consumer confidence had a smaller positive impact." Read more The Banker: Unclear definitions are hindering bank financing of nature-positive solutions Uncertainty around what is meant by “nature-positive finance” is stalling banks’ efforts to work on solutions that could halt or reverse nature loss, according to lenders' and international organisations' opinion reported by The Banker. Read more |
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MAIN EVENTS Council Horizontal Working Party on Cyber Issues Council Working Party on the Environment |
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Banking Governance Programme Lausanne - October & January |
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| | EBF is pleased to inform about the new Banking Governance Programme in partnership with IMD - Business School for Management and Leadership Courses.
The programme consists of two modules offered on the IMD Campus in Lausanne:
Module 1: 21 – 24 October 2024; Module 2: 27 – 30 January 2025.
Through this partnership, EBF members (and their members) are entitled to a 25% discount for the first programme. For more information, visit the IMD website, reach out directly to EBF ([email protected]) and IMD ([email protected]) or follow the upcoming information webinar on July 17th at 17.00 CET. |
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FROM EBF MEMBERS
CBA: The financial literacy of Czechs is at a stable level
The Financial Literacy Index of the Czech Banking Association (CBA) reached 56 points for the third year in a row. More than half of the people save and invest to a greater extent. This is according to a survey conducted by the CBA and the IPSOS agency. Read more (CZ)
FBF: The bank's workforce increased in 2023
According to the French Bank Federation (FBF), In 2023 French banks continued to actively recruit with 44,500 hires. With 355,100 employees at the end of 2023, the banking sector is showing a positive change (+0.2%) in its workforce. Read more (FR)
Finance Denmark: Equity investors go on summer vacation with big pluses in the portfolio
In the first half of 2024, Danish equity funds delivered an average return of 13%. At the top of the return list are funds with North American shares, which have delivered an average return of 19%, while funds with European shares are at the heavy end with an average return of 8%. Read more (DK) |
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FROM THE INSTITUTIONS
ECB: Bank lending survey results – Q2 2024
According to this European Central Bank (ECB) survey, credit standards were broadly unchanged at tight levels, tightening strongly in commercial real estate. Loan demand from firms continued to decline, demand from households increased, while climate risks and related policies continued to be reflected in lending conditions. Read more
EBA: Consultation on amending technical standards on the joint decision process for internal model authorisation
The European Banking Authority (EBA) published a consultation paper amending the Implementing Regulation on the joint decision process for internal model authorisation under the Capital Requirements Regulation (CRR). Read more ESMA: Consultation on firms’ order execution policies under MiFID II The European Securities and Markets Authority (ESMA) launched a consultation on draft technical standards specifying the criteria for how investment firms establish and assess the effectiveness of their order execution policies. 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.
For questions or suggestions contact [email protected] European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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