EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 18 November 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! |
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FROM THE MEDIA
FT: Europe’s growth prospects hit by fiscal restraint
Government spending cuts in the EU are set to hit investment and growth at a time when the region is already struggling to keep up with the US, economists have warned, reports the Financial Times (FT). Read more
Euronews: AI use poses risks to global financial system, standard-setters warn
Artificial intelligence (AI) could pose a risk to the financial system, international standard-setters warned on Thursday, as they probe an innovation that’s seen significant interest among banks and other financial firms, writes Euronews. Read more The Banker: Poor governance systems are hampering cross-border payment links Inflexible governance systems are a barrier to the interconnection of national fast payment systems, experts say, with frameworks needing to be adaptable to a rapidly changing payment landscape, reports The Banker. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 18 November
European Commission ‘EU Victims’ Rights Platform discusses digitalisation and victims’ rights’ online meeting Working Party on Financial Services and the Banking Union (Financial Services)
Council Horizontal Working Party on Cyber Issues Tuesday 19 November Deutsche Bundesbank: Climate Change, Environment and Financial Markets – The View of a Central Bank Forum Bundesbank event IAPP Europe Data Protection Congress 2024 Council Working Party on Financial Services and the Banking Union (Financial Services) Tallinn Digital Summit ‘Securing the Digital Tomorrow’ IBA ‘Challenges for corporate tax counsel (2024)’ webinar Wednesday 20 November CEPS ‘EU Payments Observatory: Turning the tide on late payments’ online event Council Horizontal Working Party on Cyber Issues Council Working Party on Financial Services and the Banking Union (Financial Services) Council Working Party on Tax Questions – Indirect Taxation CEPS ‘Exploring digital policy: the geopolitics of privacy policy and improving regulation-making’ event University College London ‘Money, Finance and the Economy' event European Parliament Committee on Economic and Monetary Affairs (ECON) Meeting Thursday 21 November Deutsche Bundesbank: Press conference for the 2024 Financial Stability Review The Tokenisation Summit Council Working Party on Financial Services and the Banking Union (Financial Services) Council Working Party on Consumer Protection and Information IRIS ‘Cryptocurrencies and financing the criminal economy: dangerous liaisons?’ webinar Friday 22 November Council Working Party on Financial Services and the Banking Union (Financial Services) |
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#TBSARTNIGHT24 - November 18, 2024 - Art & History Museum, Brussels
EBF's CEO, Wim Mijs, will be one of the keynote speakers at this year’s The Banking Scene Art Night, the must-attend evening event of The Banking Scene conference. This event aims to explore the evolving roles of banks and financial institutions in a world where the design and flow of money are increasingly complex. Today, banks and financial institutions are one point in a vast network of connections, adapting to shifting landscapes and new expectations.
The first five EBF members to respond to this announcement will receive a complimentary ticket to the event. To claim your free ticket, please contact [email protected] |
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FROM EBF MEMBERS French Banking Federation (FBF): Employee training in banking: a 21% increase in training hours in 2023 The French Banking Association (AFB) has published its 2023 Training Report, highlighting the sector's ongoing and increasing investment in professional training. With more than 530 million euros allocated to training, representing 4.3% of payroll, the industry continues to demonstrate its commitment to supporting employees in developing their skills. Read more (FR)
Polish Bank Association (ZBP): PAB WIB Webinar and Report: "Accessibility of Banking Services for Consumers with Special Needs in Light of New Legal Requirements"
On November 14, 2024, the Polish Bank Association held a webinar as part of the WIB Analytical and Research Program. The discussion focused on the report, Accessibility of Banking Services for Consumers with Special Needs in Light of New Legal Requirements. Read more (PL)
Finance Denmark: Significant increase in homeowners' interest in refinancing loans
Lower interest rates on fixed-rate mortgages have increased interest in refinancing. In October, Danish homeowners requested more refinancing offers than at the same time last year. Read more (DA) |
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FROM THE INSTITUTIONS
ECB: Account of the October monetary policy meeting
The Governing Council decided to cut interest rates. The incoming information on inflation had shown that the disinflationary process was well on track. There was increasing confidence that inflation would converge to the 2% medium-term inflation target in a timely manner. Read more
BIS: Olli Rehn: Disinflation on track amid geopolitical uncertainty
The Bank for International Settlements (BIS) has published the remarks by Mr Olli Rehn, Governor of the Bank of Finland, at the UBS European Conference, London, 12 November 2024. Read more
EIOPA: EIOPA welcomes international agreement on a new global capital standard for insurers
The European Insurance and Occupational Pensions Authority (EIOPA) welcomes the approval of the global Insurance Capital Standard (ICS) by the International Association of Insurance Supervisors (IAIS) as a prescribed capital requirement for internationally active insurance groups (IAIGs). 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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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact [email protected]
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