EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 27 May 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: De Guindos: quarter-point June cut is ‘Prudent Approach’
European Central Bank (ECB) Vice President Luis de Guindos said a quarter-point interest-rate cut next month looks reasonable, according to an interview with Oberösterreichische Nachrichten reported by Bloomberg. “We have been very transparent about the decision at the June meeting,” he said. Read more
FT: Two European banks back away from oil and gas bond deals
As reported by the Financial Times (FT), BNP Paribas and Crédit Agricole have retreated from oil and gas bond deals, eschewing a type of financing on which big fossil fuel companies have become increasingly reliant. Read more
The Banker: Regulations insufficient to ensure stability of NBFI sector
Risk management regulations for the banking sector are insufficient for ensuring the stability of the non-bank financial sector (NBFI), said the head of secretariat of the European Systemic Risk Board at an event yesterday. Francesco Mazzaferro’s comments came alongside the launch of a European Commission consultation on macroprudential policies for non-banks, in a bid to manage risk in the shadow banking industry after a series of stress events have impacted the mainstream financial sector. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 27 May
Tuesday 28 May
Wednesday 29 May
Thursday 30 May
Friday 31 May |
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FROM EBF MEMBERS
ABBL: The banking supports the construction of residential property
In response to the severity of the housing crisis, the Luxembourg Bankers' Association (ABBL) and the Luxembourg banking sector as a whole are joining forces to propose aid mechanisms to support the residential property sector and increase the supply of completed homes. This approach is a useful complement to the government's measures to boost housing, as well as the recommendation of the Systemic Risk Committee. Read more
BPFI: Colin Maher appointed to the Board
Colin Maher, Chief Executive of Mars Capital, has been appointed to the Board of Banking & Payments Federation Ireland (BPFI) for a two-year tenure. Colin has over 30 years’ experience in Irish Financial Services across a variety of banks, most notably holding senior positions at KBC Bank Ireland which included defining and supporting the implementation of the bank’s strategy during the Global Financial Crisis. Read more Febelfin: A call from “Card Stop”? Be careful, that's fraud! Lately, more and more people have been called by Belgian numbers. The voice on the other end claims to be a Card Stop employee and informs that suspicious transactions have been detected on a bank account. In reality, as Febeflin reports, this is a fraudulent call that does not come from Card Stop but from scammers. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Tracking euro area wages in exceptional times
Negotiated wage growth in the euro area increased in the first quarter of 2024. This post on the ECB (European Central Bank) Blog illustrates how the ECB wage tracker can help to put latest developments in negotiated wage growth into perspective. Read more
BIS: CPMI work programme and strategic priorities for 2024–25
The work programme of the Bank for International Settlements (BIS)' Committee on Payments and Market Infrastructures (CPMI) outlines the strategic priorities for its policy, standard-setting, implementation and analytical activities. Read more
ESMA: MiFIR review: consultation on CTPs and their selection
The European Securities and Markets Authority (ESMA) is inviting comments on draft technical standards related to Consolidated Tape Providers (CTPs), other data reporting service providers (DRSPs) and the assessment criteria for the CTP selection procedure under the Markets in Financial Instruments Regulation (MiFIR). 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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