EBF MORNING BRIEF Monday 23 September 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
Reuters: ECB hopes for more cross border bank consolidation
The European Central Bank (ECB) is hoping for more cross-border bank consolidation to improve the valuation of lenders and efficiency in the sector, ECB Vice President Luis de Guindos told Portugal's Expresso in an interview reported by Reuters. Read more
Bloomberg: Rehn says easing pace and scope depend on fresh data
The European Central Bank (ECB) has “a clearly easing direction for its monetary policy, with the pace and scope dependent on fresh economic data and analysis,” Governing Council Member Olli Rehn told Finnish newspaper Kauppalehti in an interview reported by Bloomberg. Read more
Risk.net: UniCredit-Commerzbank merger could spawn sixth-largest EU G-Sib
A merger between UniCredit and Commerzbank could create a lender with a larger systemic risk footprint than ING Bank or Groupe BPCE, Risk.net reports. Read more |
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MAIN EVENTS Council Horizontal Working Party on Cyber Issues European Parliament Committee on Budgets |
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THIRD 2024 BANKING ESSENTIALS WEBINAR The Future of Instant Payments:
Challenges and Strategies in Europe Wednesday 25 September 2024 | 3:30 - 4:30 PM (CET) |
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| | European banks are currently navigating the complex world of instant payments, a sector that has seen rapid growth and significant regulatory attention. As interest rates rise, the implications for payment systems and their regulation become increasingly important. This webinar will provide a deep dive into the instant payment regulations that are shaping the European financial landscape, offering a clear understanding of the rules and their impact on banking operations.
The EBF will be represented by Christophe Bonte, Senior Policy Adviser for Payments & Innovation, who will introduce the topic and open the panel.
Register now to gain insights into future market developments in the instant payments sector, as well as the challenges and opportunities ahead.
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FROM EBF MEMBERS
Finance Finland: Economy to take a slight upward turn in 2025
According to the latest economic forecasts, the contraction of the Finnish economy will be slower in 2024 than in the previous year, and the economy will take a slight upward turn in 2025. Read more
Finance Denmark: Draft law on a new financing model for care homes
The Ministry of Social Affairs, Housing and the Elderly has sent a draft law on a new financing model for residential care homes for consultation. Finance Denmark takes a positive view of the Government's intention to enable the financing of long-term care homes to a greater extent than is the case today. Read more (DK)
UK Finance: Homes we need
Everyone needs a safe, secure, and affordable home. The UK has an estimated shortfall of 4.3 million homes – a number that is growing every year – housing is therefore a top priority for the new government. Read more |
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FROM THE INSTITUTIONS
ECB: Setbacks and strides forward: structural shifts and monetary policy in the twenties
The European Central Bank (ECB) has published the speech by President Christine Lagarde at the 2024 Michel Camdessus Central Banking Lecture organised by the International Monetary Fund (IMF). Read more BIS: On flood management and financial stability The Bank for International Settlements (BIS) has published the speech by Klaas Knot, President of the Netherlands Bank, at the EUROFI Financial Forum 2024 in Budapest, Hungary. Read more
EC: Latest business and consumer surveys
The European Commission (EC) has published the Flash Consumer Confidence Indicator for September 2024. 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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