EBF MORNING BRIEF Wednesday 28 February 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: Lamakers warn ECB risks credibility if inflation isn’t tamed
EU lawmakers warned the European Central Bank (ECB) that its credibility is at stake over its ability to get inflation back under control. “If the ECB fails to bring inflation to the target level in a timely manner, while increasing the financing costs in the euro area, particularly for citizens and companies, the ECB risks losing its credibility,” they said. Read more
Reuters: Euro zone lending stagnates as recovery remains elusive
Bank lending to companies and households in the euro zone stagnated last month, indicating the bloc's long-awaited economic recovery has yet to gain traction, European Central Bank data showed on Tuesday. According to Reuters, on a quest to stem inflation, the ECB has jacked up interest rates to record highs, bringing bank lending to a standstill in a region that depends on it as its lifeblood. Read more
EUreporter: Cautious praise for ECB - commitment to independence
The European Parliament has praised the President of the European Central Bank (ECB), Christine Lagarde, for her fight against inflation, but warned her not to give in to demands from the financial sector and politicians to cut key interest rates. Read more |
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FROM EBF MEMBERS
Finance Denmark: Create psychological safety
A culture of silence affects well-being, performance and results. It is necessary to stimulate an open culture in which honesty and valuable knowledge circulates freely. That is why employer and employee organisations in the financial sector have developed the 'Create Psychological Confidence' tool. The product was developed by BFA Finans, an industry workplace community of which Finance Denmark is a member. Read more (DK)
FBF: 36th edition of the Household Credit Observatory
According to the latest Household Credit Observatory (OCM) report, the household credit take-up rate has fallen for the fifth year running, to 42.7%, its lowest level since the OCM was set up in 1989. As the French Banking Association (FBF) points out, for more than 30 years this report has shed light on the situation of households taking out credit, but also on their feelings about their financial situation. Read more (FR)
BdB: How do I recognise counterfeit money?
According to the Association of German Banks (BdB), over 55,000 counterfeit euro banknotes were recognised in Germany in 2023. The total nominal value of the counterfeits was 5.1 million euros. As counterfeit money can never replaced, you should be particularly careful with suspicious notes. Read more (DE) |
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FROM THE INSTITUTIONS
ECB: Monetary developments in the euro area: January 2024
The European Central Bank (ECB) published the monetary developments in the euro area for January 2024. Data show that the annual growth rate of broad monetary aggregate M3 stood at 0.1% in January 2024, after 0.2% in December 2023. Read more
EBA: Call for expression of interest for the new BSG
The European Banking Authority (EBA) launched a call for expression of interest to set up its new Banking Stakeholder Group (BSG) and to create a reserve list. The mandate of the current members will expire on 30 June 2024. The call for expression of interest is open to candidates representing stakeholders across the European Union. Read more
ESMA: Technical advice to the European Commission on fees charged to Tier 1 Third-Country CCPs under EMIR
The European Securities and Markets Authority (ESMA) published a report that provides its updated Technical Advice to the European Commission on the revision of Delegated Regulation (EU) 2020/1302. 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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