EBF MORNING BRIEF Monday 15 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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FROM THE MEDIA Bloomberg: ECB may prime markets for September rate cut European Central Bank (ECB) officials may be about to prime investors for another interest-rate cut, though only after one of the Governing Council’s longest-ever summer breaks between decisions, Bloomberg reports. Read more Cointelegraph: EU endorses relational blockchain initiative for sustainable solutions According to Cointelegraph, the European Union (EU) has confirmed its collaboration with ChromaWay to develop blockchain-based sustainability solutions, focusing on Digital Product Passports and Intellectual Property Rights. Read more Euractiv: EU Commission urges US, European investment giants to reach ‘swift’ debt restructuring deal with Kyiv The European Commission (EU) has urged private creditors to “swiftly” reach an agreement with the Ukrainian government to avoid Kyiv defaulting on billions of dollars in debt at the start of next month, Euractiv reports. Read more |
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MAIN EVENTS Council Working Party on the Environment |
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FROM EBF MEMBERS
Finance Latvia: How not to fall into the traps set by phone scammers
Financial fraudsters try to trick citizens out of money - they call or send text messages and e-mails, pretend to help, intimidate or offer something they don't really intend to give. For greater credibility, they tend to assume different roles and very convincingly pretend to be, for example, a police officer, a bank or postal worker, a government official, and even a friend or relative. Read more (LV)
BPFI: SMEs lost almost €10m through email-related scams in 2023 as FraudSMART calls on businesses to remain vigilant
New figures from FraudSMART, the fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI), show that small and medium enterprises (SMEs) lost almost €10m (€9.9m) through email-related fraud in 2023, including invoice-redirection and CEO impersonation scams. Read more
CBA: Banks provided the most mortgages this year in June
This year in June banks and building societies provided mortgage loans for CZK 24.2 billion, of which actual new loans amounted to CZK 20.2 billion, slightly exceeding the May level. According to the Czech Banking Association (CBA), the volume in June of newly granted mortgages is thus the highest this year. Read more (CZ) |
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FROM THE INSTITUTIONS
ECB: Statistics on investment funds and repealing decision
The European Central Bank (ECB) has published a Regulation concerning statistics on investment funds and repealing Decision (EU). It establishes the reporting requirements for investment funds, and in certain cases other financial intermediaries and monetary financial institutions, with regard to statistical information on their assets, liabilities, income received, dividends paid, and fees paid by the shareholders to the IF. Read more
BIS: The gen AI gender gap
The Bank for International Settlements (BIS) has published a working paper on generative artificial intelligence (gen AI), as it holds the potential to boost economic activity. Evidence suggests it makes workers more productive, especially in occupations that require advanced cognitive abilities, and spurs firm growth and innovation. Read more ESMA: New Q&As on AIFMD, MiCA, MiFID II and UCITS The European Securities and Markets Authority (ESMA) has updated the Q&As on: Alternative Investment Fund Managers Directive (AIFMD), Markets in Crypto-Assets Regulation (MiCA), Markets in Financial Instruments Directive II (MiFID II) and Undertakings for Collective Investment in Transferable Securities Directive (UCITS). 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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