EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 22 July 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 Bloomberg: Lagarde: ECB to launch policy-strategy assessment soon The European Central Bank (ECB) will “reasonably soon” start looking into its monetary-policy strategy — with results expected in the second half of next year, President Christine Lagarde told Bloomberg. Read more
Risk.net: Study finds just 10 banks plan to apply for FRTB models
At least 10 banks will apply to regulators for permission to use internal models to calculate capital requirements in upcoming trading book rules, a study by the International Swaps and Derivatives Association and consultancy EY reported by Risk.net has found. Read more FT: ECB keeps interest rate at 3.75% The European Central Bank (ECB) has kept its main interest rate at 3.75 per cent. As its chief Christine Lagarde said, the decision on a possible cut in September was “wide open” but played down recent wage growth, the Financial Times (FT) reports. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 22 July
Tuesday 23 July Council Working Party on the Environment Wednesday 24 July Thursday 25 July WTO Council Informal Working Group on Trade and Gender
Friday 26 July
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FROM EBF MEMBERS Febelfin: Mortgage loans return to positive trend in Q2 2024 In the second quarter of 2024, just over 47,000 mortgage loan contracts were concluded for a total amount of around EUR 7.7 billion. This represents an increase in the number of credit contracts granted of 5.8% compared to the second quarter of last year. Read more (FR) BdB: Divorce and bank accounts – safe through separation A separation affects many financial aspects, which can also include joint account management. The Association of German Banks (BdB) explains which steps one should take when closing a joint account, adjusting powers of attorney, online banking access, standing orders, direct debits and exemption orders. Read more (DE)
Finance Denmark: Most home buyers choose fixed interest rate loans
A majority of Danes go with a fixed interest rate when they buy a home. In the second quarter of 2024, three out of five home buyers chose a fixed-rate loan. This is shown by the latest figures from Finance Denmark. Read more (DA) |
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FROM THE INSTITUTIONS
ECB: Monetary policy decisions
The Governing Council today decided to keep the three key European Central Bank (ECB) interest rates unchanged. The incoming information broadly supports the Governing Council’s previous assessment of the medium-term inflation outlook. Read more
EBA: Cooperation with ESM to strengthen crisis prevention and navigate an incomplete banking union
European responses to the global financial crisis and the sovereign debt crisis provided the basis for a resilient financial system. A solid institutional framework was set up, with the European Banking Authority (EBA) and the European Stability Mechanism (ESM) playing key roles in safeguarding financial stability. Read more ESAs: Publication of second batch of policy products under DORA The three European Supervisory Authorities (ESAs) published the second batch of policy products under the Digital Operational Resilience Act (DORA). 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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