EBF MORNING BRIEF Monday 22 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 POLITICO: Global tech outage takes down banks, media, airports Businesses' global operations Friday morning were affected by digital glitches that kept some airplanes grounded and disrupted financial institutions. According to POLITICO, several major enterprises, such as Sky News, airports, airline carriers and the London Stock Exchange, saw some operations grinding to a halt. Read more Bloomberg: Villeroy says market views on rate path are reasonable Market bets that point to two additional European Central Bank (ECB) interest-rate cuts in 2024 sound “reasonable,” according to what Governing Council member Francois Villeroy de Galhau told Bloomberg. Read more FT: ECB polls signal September cut as signs of easing inflation mount Eurozone rate-setters think a September rate cut is increasingly likely, with central bank polls of analysts’ inflation forecasts and companies’ wage expectations showing they are on track to hit their goal, the Financial Times (FT) reports. Read more |
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FROM EBF MEMBERS
BdB: IT disruptions: card transactions in Germany also affected
As a result of the worldwide technical outages on Friday, the Association of German Banks (BdB) reports that there were disruptions in Germany when making withdrawals at ATMs using cards from certain providers. Read more (DE)
Finance Denmark: Danes are setting up share savings accounts in record numbers after raising the deposit limit
During the first half of 2024, the number of Danes with a share savings account increased by 71,000. This is the largest increase in six months since the scheme was established in 2019. Read more (DK)
Finance Latvia: Payment card security - how to take care of it?
As payment card owners we can face smaller or bigger potential risks. Luminor Bank fraud prevention expert Marija Celma explains how to best protect your payment card when going out and what to take into account. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Results of the Survey of Professional Forecasters for Q3 2024
In the European Central Bank (ECB)’s Survey of Professional Forecasters for the third quarter of 2024, respondents’ expectations for headline inflation, as measured in terms of the Harmonised Index of Consumer Prices, were unchanged for 2024 and 2025, at 2.4% and 2.0% respectively, and revised marginally downwards for 2026 to 1.9%. Read more
ESRB: Annual Report 2023
The European Systemic Risk Board (ESRB) has published its 13th Annual Report, covering the period between 1 April 2023 and 31 March 2024. This report explains how the ESRB delivered on its mandate and it forms an important part of the ESRB’s transparency and accountability framework. Read more ESMA: Follow-up report to the Fast Track Peer Review on Wirecard The European Securities and Markets Authority (ESMA) published its Follow-up Report to the Wirecard Fast Track Peer Review assessing the progress made with respect to the recommendations formulated in 2020. 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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