EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 12 February 2024 An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, brought to you by the European Banking Federation Recommend the EBF newsletters to a colleague. Click here to sign up! |
|
FROM THE MEDIA
Bloomberg: ECB will probably cut rates this year, Villeroy says
The European Central Bank (ECB) will likely lower interest rates in 2024 as the pace of price increases eases toward 2% by next year, Bank of France Governor Francois Villeroy de Galhau said as heard by Bloomberg. Markets are betting on an initial reduction in April, though most policymakers favor June. Read more
Reuters: Deutsche Boerse urges swift introduction of EU rules to shift euro clearing from London
Deutsche Boerse Chief Executive Theodor Weimer said that he wanted more from newly agreed EU rules aimed at shifting euro derivatives clearing from London to the bloc, but they were still a step in the right direction. The deal on EU rules seems to be a "good compromise" between the need to build up clearing autonomy in the bloc and having rules that are "feasible" for customers to apply, Reuters reports. Read more
Finextra: MEPs nod through ten-second instant transfer rules
The European Parliament has adopted new rules to ensure transferred funds arrive within ten seconds into the bank accounts of retail customers and businesses across the EU. As pointed out by Finextra, banks, and other payment service providers will have to ensure credit transfers are affordable and immediately processed. Read more |
|
FINANCIAL REGULATION AGENDA for next week
Monday 12 February
Council Working Party on the Environment
Tuesday 13 February
European Parliament Subcommittee on Tax Matters Council Working Party on the Environment SRB Annual Conference 2024: The road ahead: risk, readiness and resilience (Gonzalo Gasos, EBF Senior Director of Prudential Policy & Supervision, and Alexandra Maniati, EBF Senior Director of Innovation & Cybersecurity, speaking) Wednesday 14 February Council Working Party on the Environment Thursday 15 February Council Working Party on the Environment EBI Global Academic Conference 2024 (Gonzalo Gasos, EBF Senior Director of Prudential Policy & Supervision, speaking)
Friday 16 February
Council Working Party on the Environment |
|
FROM EBF MEMBERS
BPFI: Personal Loans Report
The value of car loans surged by 39.6% year on year, according to the Banking & Payments Federation Ireland (BPFI) Personal Loans Report for Q3 2023. Growth seen across all other categories, including green loans, home improvement loans and loans for other purposes such as holidays and special occasions. Read more
BdB: Joint household, joint account?
The Association of German Banks (BdB) explores the opportunities of setting up a joint bank account for young couples. It is important to keep an overview of the running costs and to achieve a fair arrangement about the different incomes. It helps if expenses are documented using a budget book or a suitable app and compared with income. Read more (DE)
ABBL: Scholarship for leadership excellence in Luxembourg
The Luxembourg Bankers' Association (ABBL) presents its Scholarship for Leadership Excellence, a joint initiative with HEC Liège Luxembourg. This launch marks the shared commitment to Luxembourg’s future and a strong belief that facilitating access to leadership excellence is the right way to secure a lasting positive impact. Read more |
|
FROM THE INSTITUTIONS
ECB: Disinflation in the euro area
In a speech at the Brookings Institution, European Central Bank (ECB) Chief Economist Philip R. Lane discusses disinflation in the euro area. The restrictive monetary policy stance is dampening demand, and this is helping to push down inflation and stabilize inflation expectations. Read more
BIS: International monetary spillovers
François Villeroy de Galhau, Governor of the Bank of France, discusses financial interlinkages and global monetary policy spillovers among American and European societies. "Looking forward, central banks need to consider the effects of artificial intelligence, which will require a strengthening of international cooperation," he says in the speech published by the Bank for International Settlements (BIS). Read more
EC: Agreement on postponing adoption deadlines for certain ESRS
The European Commission (EC) welcomes the political agreement between the European Parliament and the Council on the proposal to postpone by two years the deadline for adopting sector-specific European Sustainability Reporting Standards (ESRS). 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 v[email protected]
European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
|
|
|
|
