EBF MORNING BRIEF Wednesday 22 January 2025 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
Reuters: EU to test how banks would cope with geopolitical shocks, trade wars
The European Banking Authority has launched stress tests for 64 EU banks to assess their resilience to severe geopolitical and trade shocks, with results expected in August 2025, writes Reuters. Read more
The Banker: UK government acts to defend lenders over car finance claims; Nubank CEO considers moving legal domicile to the UK According to The Banker, the UK intervenes to shield car loan providers from mis-selling claims, as Nubank eyes a UK legal base for expansion. Read more Bloomberg: ECB to Near Inflation Target by Middle of Year, Nagel Says The ECB expects to hit its 2% inflation target by mid-2025, paving the way for gradual rate cuts to neutral levels, says Bloomberg. Read more |
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MAIN EVENTS CEPS ‘Re-designing the withholding taxes system in Europe: Has the new EU FASTER Directive reached its goals?’ conference Council Financial Services Committee (FSC) Eurostat: Economy and finance Government deficit (Q3/2024) Eurostat: Government finance statistics, financial accounts (Q3/2024) Eurostat: Government debt (Q3/2024) Deutsche Bundesbank: Monthly Report (Jan. 2025) ECB, World Economic Forum: ‘Beyond Crisis: Unlocking Europe’s Potential’ stakeholder dialogue participation by Christine Lagarde |
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FROM EBF MEMBERS Finance Denmark: More Loans for Home Purchases in 2024 In 2024, Danish homeowners borrowed DKK 257 billion, with an 8% rise in mortgage loans and a shift to variable rates for refinancing. Read more (DA)
Polish Bank Association: Convention for Cooperation and Development of Polish Cooperative Banking 2025
The January 22-23 Convention in Józefów, Poland, unites cooperative banking leaders to discuss strategies and foster dialogue for local banking and economic growth. Read more (PL)
Lithuanian Banking Association: LBA Experiment Shows Low Consumer Resilience to Fraud
An LBA experiment revealed consumers' vulnerability to online fraud, emphasizing the need for greater awareness and vigilance. Read more (LT) |
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FROM THE INSTITUTIONS
Bank for International Settlements: Estimating nonlinear heterogeneous agent models with neural networks
A BIS paper uses neural networks to estimate macroeconomic models, showing that income risks and zero lower bound constraints drive output volatility. Read more
European Council: Economic and Financial Affairs Council - January 2025
EU Finance and Economy Ministers met yesterday, 21 January 2025 in Brussels. Chaired by Andrzej DOMAŃSKI, Minister of Finance of Poland, ministers discussed the presidency work programme, competitiveness and regulatory burden, amongst other topics. 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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