EBF MORNING BRIEF Monday 14 October 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
Bloomberg: ECB seen cutting faster to release economic shackles next year
The European Central Bank (ECB) will speed up interest-rate cuts over the months ahead to bolster the economy — taking borrowing costs to levels that no longer restrict demand by the end of 2025, according to a Bloomberg survey. Read more
Reuters: Central bank body calls for more detailed monitoring of bank liquidity risks
Banking supervisors should ensure that individual entities of global banks have sufficient liquidity rather than just monitoring risks at group-level, the Bank for International Settlements (BIS) said in a research reported by Reuters. Read more
Risk.net: Nine jurisdictions yet to finalise Basel III rules
Twenty-one months after the January 1, 2023, deadline for the final Basel III rules, almost half of jurisdictions have rules still in the draft phase, and nearly three-quarters have some that banks have yet to implement, Risk.net reports. Read more |
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FROM EBF MEMBERS BdB: Financing in developing and emerging countries According to the Association of German Banks (BdB), in a world that is still globalized but increasingly fragmented, emerging and developing countries continue to be the focus of the German economy. Read more (DE)
BPFI: Payments Monitor – October 2024
Almost €25 billion worth of contactless payments annually with more than half now made by mobile wallets rather than card, according to the Banking & Payments Federation Ireland (BPFI) Payments Monitor. Read more
FBF: Latest figures on personal loans
According to the French Banking Federation (FBF), in total, loans to individuals reached 1,523 billions of euro at the end of August 2024. Read more (FR) |
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FROM THE INSTITUTIONS
EBA: Consultation on draft technical standards to support the centralised EBA Pillar 3 data hub
The European Banking Authority (EBA) launched a consultation on the Pillar 3 data hub, which will centralise prudential disclosures by institutions through a single electronic access point on the EBA website. Read more
BIS: Liquidity stress tests for banks
Liquidity stress tests are traditionally employed by financial authorities to assess the materiality of liquidity risk within the banking sector. In the light of liquidity events since 2020, this Bank for International Settlements (BIS) paper reviews the biggest challenges to liquidity stress tests. Read more
ESMA: First consolidated report on sanctions
The European Securities and Markets Authority (ESMA) has published its first consolidated report on sanctions and measures imposed by the National Competent Authorities (NCAs) in Member States in 2023. 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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