EBF MORNING BRIEF Wednesday 18 December 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
The Banker: ECB imposes capital charges on 13 banks
The European Central Bank imposed additional capital charges on 13 eurozone banks this year, judging that they might be taking on more risk than they can absorb, writes The Banker. Read more
Risk.net: Public enemy number one: the threat to information security
According to Risk.net, Information security (infosec) is a battleground for all banks. And concerns around it are growing: infosec came out top of this year’s Top 10 Op Risks survey by a record margin, having also led last year’s survey, when one respondent described it as an “existential threat to the bank”. Read more
Bloomberg: Germany’s Conservative Candidate Eyes €100 Billion Spending Cut
As Bloomberg reports, Germany’s conservative chancellor candidate, who is leading the polls ahead of a February election, proposed cutting €100 billion ($105 billion) from migration and social spending in an effort to fix the country’s finances. Read more |
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MAIN EVENTS Deutsche Bundesbank: The EU banking package and its national implementation – Digital supervisory briefing in focus Eurostat: Inflation (HICP), November 2024 ECB: Euro area seasonally adjusted HICP (Nov. 2024) |
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FROM EBF MEMBERS Czech Banking Association (ČBA): Hládek: Keep an eye on transactions before the end of the year Bank clients should pay increased attention to their financial transactions in the last days of the year if they want their operations to be settled by the bank before the end of this year. Therefore, it is important to monitor the deadlines for submitting payment orders or take into account that some branches have adjusted opening hours in the final days of the year. Read more (CZ)
Swiss Banking: Swiss market for sustainable investment funds continues to mature, aided by self-regulation
Despite an apparent lack of interest in sustainability, the Swiss market for sustainable investment funds is still growing. The self-regulation aimed at preventing greenwashing and promoting the integration of ESG preferences in investment advice is helping to ensure that sustainable finance remains a key trend in Switzerland, with demand from private investors on the rise. Read more Finance Norway: Consultation Response from Finance Norway: Important Measures for Paid-Up Policy Customers With borrowed equity, pension providers can take on more long-term risk. This can result in higher expected returns, benefiting both customers and providers. Read more (NO) |
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FROM THE INSTITUTIONS
ECB: ECB keeps capital requirements broadly steady for 2025, reflecting strong bank performance amid heightened geopolitical risks
The European Central Bank (ECB) published the results of its Supervisory Review and Evaluation Process (SREP) for 2024 and its supervisory priorities for 2025-27. The euro area banking sector remained resilient in 2024. On average, banks maintained solid capital and liquidity positions, well above regulatory requirements. Read more
ESMA: ESMA releases last policy documents to get ready for MiCA
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is publishing the last package of final reports containing regulatory technical standards and guidelines ahead of the full entry into application of the Markets in Crypto Assets Regulation (MiCA). Read more
EIOPA: ESAs’ Dry Run exercise shows the goal of reporting of registers of information under Digital Operational Resilience Act in 2025 within reach
The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published a summary report with the key findings from the 2024 Dry Run exercise on reporting the registers of information under the Digital Operational Resilience Act (DORA). The conclusions and lessons learnt as well as individual data quality feedback provided to financial entities during the exercise will aid preparations for the official reporting starting in 2025. Read more |
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FROM THE EBF
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
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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