EBF MORNING BRIEF Wednesday 19 June 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
FT: EU to delay Basel bank trading reforms as US revisits plans
The EU will defer the application of key provisions of post-crisis banking reforms by one year, arguing that expected US delays to Basel implementation would disadvantage lenders in Europe. If you can’t offer to corporate clients the same products and conditions from day one, you will lose competitiveness in the trading business,” said European Banking Federation's Gonzalo Gasos as quoted by the Financial Times (FT). Read more
Reuters: EU finance chief says ditch national symbols to boost capital market
Merging national stock exchanges and clearing houses and pan-EU supervision are the next steps needed to achieve a better capital market for the bloc, its financial services chief McGuinness said. EU states should set aside such "national symbols" and recognise that consolidation is crucial to develop a single market for capital, Reuters reports. Read more
Bloomberg: Guindos suggests forecast meetings are key for rate moves
European Central Bank Vice President Luis de Guindos suggested that meetings featuring quarterly forecasts will be key for major decisions to set interest rates. “Forecasts are updated every 3 months, the next one is in September,” he told Bloomberg. Read more |
|
Banking Governance Programme Lausanne - October & January |
|
 | 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 two upcoming information webinars on July 1st at 17.00 CET and on July 17th at 17.00 CET. |
|
FROM EBF MEMBERS
Finance Denmark: Boom in the owner-occupied flat market
In the first quarter of the year, more owner-occupied apartments were bought than in the same quarter last year. At the same time, they were sold at higher prices and with less discount in price, show figures from Finance Denmark. Read more (DK)
NVB: Dutch representation in the ECON committee again necessary
The Dutch Banking Association (NVB) and the financial sector as a whole are calling on Dutch political parties to ensure strong Dutch representation in the Committee for Economic and Monetary Affairs in the coming period. In this way, Dutch MEPs can once again play a significant role, which is good for a financially healthy and competitive Netherlands in Europe, and therefore for all Dutch people. Read more (NL)
ACB: Aristides Vourakis is the new President
The Board of Directors of the Association of Cyprus Banks (ACB) will be headed by the CEO of AstroBank, Aristides Vourakis, for the next two years. Read more (EL) |
|
FROM THE INSTITUTIONS
ECB: Completing banking union and capital markets union is crucial
A better integrated euro area internal market for financial services is necessary to secure European economic and financial resilience, the European Central Bank (ECB)’s latest report on Financial Integration and Structure in the Euro Area shows. This is all the more crucial in the face of the growing need for investments to meet common challenges such as the green and digital transitions, security and aging populations. Read more
ESAs: Proposition of improvements to the SFDR
The three European Supervisory Authorities (ESAs) published a joint Opinion on the assessment of the Sustainable Finance Disclosure Regulation (SFDR). The ESAs call for a coherent sustainable finance framework that caters for both the green transition and enhanced consumer protection. Read more EC: Targeted consultation on AI in the financial sector The European Commission (EC) is launching a targeted consultation to identify the key use cases, benefits, barriers and risks of Artificial Intelligence (AI) in finance. The targeted consultation will gather input from all financial services stakeholders including companies and consumer associations. 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
|
|
|
|
