EBF MORNING BRIEF Friday 26 July 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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| | EBF'S MORNING BRIEF AND FINANCIAL AGENDA
ARE TAKING A SUMMER BREAK! We will be back on Monday, 26th of August, to bring you more news from the European Banking Federation and the banking sector.
Have a great summer! |
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FROM THE MEDIA
Risk.net: Four EU banks forecast capital hits from final Basel III reforms
Four European banks have warned investors about the negative impact of the upcoming final Basel III reforms on their capital ratios as the January 2025 deadline nears. According to Risk.net, BNP Paribas provided the most pessimistic outlook. Read more Bloomberg: ECB should be able to cut if data stay on course The European Central Bank (ECB) should be able to lower borrowing costs if economic data don’t deliver a negative surprise, according to what Bundesbank President Joachim Nagel told Bloomberg. Read more Reuters: Euro zone consumers stopped lowering inflation expectations in June Euro zone consumers stopped reducing their inflation expectations in June after four consecutive monthly falls, a European Central Bank (ECB) survey reportedy by Reuters showed on Friday. Read more |
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Banking Governance Programme Lausanne - October & January |
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| | EBF is pleased to inform about the new Banking Governance Programme in partnership with IMD - Business School for Management and Leadership Courses.
The programme consists of two modules offered on the IMD Campus in Lausanne:
Module 1: 21 – 24 October 2024; Module 2: 27 – 30 January 2025.
Through this partnership, EBF members (and their members) are entitled to a 25% discount for the first programme. For more information, visit the IMD website, reach out directly to EBF (s.debrouwer@ebf.eu) and IMD (polina.bochukova@affiliate.imd.org). |
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FROM EBF MEMBERS
BdB: Investing money for school enrollment
According to the Association of German Banks (BdB), a financial gift that that grows with a child is a great investment. But before investing any money the most important question one should ask itself is what the final goal is. Read more (DE)
Finance Latvia: Media play a bigger role in financial literacy than school
About a third of Latvian citizens have acquired knowledge about their financial planning mainly through consultations with employees of financial institutions or by reading information on their websites, concluded a survey conducted by Citadele Bank. About the same number of citizens get their financial knowledge from the media. Read more (LV)
FBF: Slawomir Krupa will become President from the 1st of September
Slawomir Krupa, Chief Executive Officer of Société Générale Group, succeeds Nicolas Namias, Chairman of the Management Board of BPCE, and will become, as of September 1, 2024, Chairman of the French Banking Federation (FBF), as part of the annual rotation of this presidency. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Toss a stablecoin to your banker - Stablecoins’ impact on banks’ balance sheets and prudential ratios
This European Central Bank (ECB) paper explores the relationship between banks and stablecoins and their issuers, focusing on the effects on banks’ capital and liquidity ratios when issuing stablecoins or collecting deposits from stablecoin issuers. Read more
BIS: Crypto exchange tokens
The Bank for International Settlements (BIS) has published a working paper on crypto exchange tokens, an important funding source for centralized crypto exchanges, and they have been at the core of some of the biggest disruptions in the crypto industry. Read more FSB: Stocktake on Nature-related Risks: Supervisory and regulatory approaches and perspectives on financial risk The G20 Finance Ministers and Central Bank Governors asked the Financial Stability Board (FSB) to conduct a stocktake of regulatory and supervisory initiatives associated with the identification and assessment of nature-related financial risks. 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 r.hrelja@ebf.eu European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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