EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 23 September 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
POLITICO: Centeno: ECB may need to accelerate interest rate cuts
The European Central Bank (ECB) may have to up the pace of interest rate cuts as data published since last weekâs cut suggest growth and inflation could fall short of the Bankâs new projections, MĂĄrio Centeno, Bank of Portugal Governor and a member of the ECBâs Governing Council, told POLITICO in an interview. Read more
Bloomberg: ECBâs Knot is comfortable with marketâs rate-cut expectations
European Central Bank (ECB) Governing Council member Klaas Knot said heâs comfortable with investor bets on further interest-rate cuts. Markets see one or two additional quarter-point moves in 2024, with borrowing costs settling at 2% after six more next year, Bloomberg reports. Read more
Reuters: ECB's role in any UniCredit and Commerzbank combination
UniCredit has taken a 9% stake in Germany's Commerzbank and is seeking permission to potentially raise this to 29.9%, sources told Reuters, while saying it would be open to a full takeover bid. For UniCredit to raise its Commerzbank stake above 10% will, however, need approval from the European Central Bank (ECB). Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 23 September
Council Horizontal Working Party on Cyber Issues European Parliament Committee on Budgets Tuesday 24 September
Wednesday 25 September
Council Horizontal Working Party on Cyber Issues Council Working Party on the Environment EBA Paving the way for the EBA data hub workshop with industry and members of the Subgroup on Analytical Tools
Thursday 26 September
Council Horizontal Working Party on Cyber Issues Council Working Party on the Environment C-ESG Risk Roundtable âManaging Climate Physical Riskâ webinar, Matilde Quarin, Policy Adviser Prudential Policy & Supervision at EBF moderating |
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FROM EBF MEMBERS Finance Denmark: Promotion of female financial experts in the media Finance Denmark has entered into a collaboration with Diverseksperter.dk, which works for a fairer representation of women and non-binary people in the media and for a society with role models for everyone. Read more (DK)
BdB: Green monetary policy
With the European Central Bank's (ECB) decision on the new operational framework in March of this year, the monetary authorities also announced that they would include climate-related aspects in structural monetary policy operations. For the Association of German Banks (BdB), this is an opportunity to take a closer look at the topic of the ECB's "green monetary policy". Read more (DE)
ABBL: Eurofi conference: Exchanges with top EU- and Member States authorities
A delegation of the Luxembourg Bankers' Association (ABBL) secretariat participated at the September 2024 Eurofi conference in Budapest. Read more |
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FROM THE INSTITUTIONS
ECB: Isabel Schnabel: The euro area inflation outlook
The European Central Bank (ECB) has shared the slides by Isabel Schnabel, Member of the Executive Board of the ECB, in an exchange of views on "Current aspects of monetary policy" with the Association of German Banks in Frankfurt. Read more
BIS: Joachim Nagel: Current monetary policy topics
The Bank for International Settlements (BIS) has published the speech by Joachim Nagel, President of the Deutsche Bundesbank, at the Commerzbank AG event "Geldpolitik in Zeiten der Inflation" in Frankfurt am Main. Read more
European Council: Financial Regulation: Council greenlights simpler rules for executing EU budget
The European Council adopted a revision of the EUâs financial regulation, which lays down the financial rules applicable to the EU budget. 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
European credit sector associations call for boosting fraud prevention efforts across the fraud chain
The European Credit Sector Associations, composed of the European Association of Cooperative Banks (EACB), the European Banking Federation (EBF), the European Savings and Retail Banking Group (ESBG) welcome the publication by the Euro Retail Payments Board (ERPB) of its Working Group Report on fraud related to retail payments. Read more
EBF Paper: Open Strategic Autonomy & Market Access
The European Banking Federation (EBF) publishes this paper with the hope of contributing the European banking sectorâs view to an important public discussion around OSA and market access. 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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