EBF MORNING BRIEF Thursday 4 April 2024 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
Euractiv: Eurozone inflation fall defies projections, boosting hopes of ECB interest rate cuts
Eurozone inflation overshot analysts’ expectations on Wednesday, with headline prices falling back to their lowest level in three years and core inflation numbers dropping to their lowest in two years in March, boosting hopes of rate cuts ahead of the European Central Bank’s (ECB) meeting next week, Euractiv reports. Read more
Bloomberg: BIS and banks test tokenization of cross-border payments
The Bank for International Settlements (BIS) and seven central banks including the Federal Reserve Bank of New York will test using tokenization to increase the speed and integrity of international payments. According to Bloomberg, partnering with a large group of private financial companies, they will explore combining wholesale versions of tokenized central bank money and commercial Read more
Reuters: ECB's central scenario points to interest rate cut in June
The European Central Bank (ECB) could start cutting interest rates in June after a continued slowdown in inflation in the euro zone, ECB policymaker Pablo Hernandez de Cos said on Wednesday. "As of today, the central scenario is that June could be the first interest rate cut," De Cos said as quoted by Reuters. Read more |
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MAIN EVENTS Council Working Party on the Environment |
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FROM EBF MEMBERS
Finance Denmark: Danes are European champions in active savings
Based on data from the European Central Bank (ECB) for all EU countries, the European Investment Fund Association has calculated how much of the households' financial assets are in deposit accounts with passive interest rates. As reported by Finance Denmark, the figures show that Danish households have the highest proportion of their financial wealth actively invested in capital market instruments in Europe. Denmark is followed by Sweden and the Netherlands. Read more (DK)
ABI: Rethinking the development model
In this article, Giovanni Sabatini, Director General of the Italian Banking Association (ABI) talks about a new perspective with respect to the union of European financial markets.
"For the challenges the EU will face, we need to question the choices made in different contexts," he says. Read more (IT)
NVB: More focus in tackling money laundering
To make the prevention and combating of money laundering and terrorist financing more effective, banks, the Financial Intelligence Unit (FIU) and investigative services must better coordinate their priorities and efforts, notes the Dutch Banking Association (NVB). That is why banks, the Police, the Fiscal Intelligence and Investigation Service and FIU have identified the risks of financial crime. Together they have created a detailed overview of banks' exposure to various threats. Read more (NL) |
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FROM THE INSTITUTIONS
ECB: Technical considerations on the provision of multiple digital euro accounts to individual end users
Governments and central banks can shield the economy from shocks by their decisions. The European Central Bank (ECB) Blog looks at a recent high-level conference that analysed the interaction of fiscal and monetary policy and questioned some long-held beliefs. Read more
ESMA: Consultation on possible amendments to the CRAR
The European Securities and Markets Authority (ESMA) launched a consultation on proposed amendments to the Credit Rating Agencies Regulation (CRAR). The proposals' objective is to ensure a better incorporation of ESG factors in the credit rating methodologies and subsequent disclosure to the public, as well as to enhance transparency and credibility in the credit rating process. Read more EIOPA: Consultation on natural catastrophe risk reassessments in the standard formula The European Insurance and Occupational Pensions Authority (EIOPA) is launching a public consultation on reassessing natural catastrophe risks in the standard formula. EIOPA’s review of the parameters aims to better capture the risks stemming from perils such as earthquake, flood, hail and windstorm based on new insights, new data and new models that have come online since the last reassessment in 2018. Read more |
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FROM THE EBF
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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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