EBF MORNING BRIEF Monday 26 August 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’s Centeno calls September rate-cut decision ‘easy’
The decision for the European Central Bank (ECB) to lower interest rates next month is straight-forward, according to Governing Council member Mario Centeno. “Of course the most likely move in terms of monetary policy is to continue cutting rates,” the Portuguese central-bank head told Bloomberg. Read more FT: Investors’ expectations for European inflation fall to lowest since 2022 Closely watched gauges of long-term inflation expectations in Europe have reached their lowest levels for almost two years. According to the Financial Time (FT), it is a sign that investors think central banks can keep lowering interest rates without risking a flare-up in price pressures. Read more Risk.net: Banks fret over vendor contracts as Dora deadline looms According to Risk.net, banks are racing to renegotiate contracts with thousands of technology vendors to ensure compliance with the European Union’s Digital Operational Resilience Act (Dora), which comes into force next January. Read more |
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FROM EBF MEMBERS
BdB: Banks in Germany at a glance
Banks are the cardiovascular system of the economy. As the Association of German Banks (BdB) reports, banks help ensure that capital is available where it is needed and they are drivers of investment, innovation and progress. Read more (DE)
CBA: Macroeconomic forecast 3Q24: interview with Jaromír Šindel
According to the economist Jaromír Šindel, interviewed by the Czech Banking Association (CBA), the Czech economy will grow by 0.9% year-on-year this year. At the same time, the May forecast assumed growth of 1.4%. Weaker expectations are associated with an unfavorable outlook on the development of foreign deman. Read more (CZ)
Febelfin: What do you do with your money: save or invest?
Investing has never been so popular: no less than 47% of Belgians already invest. But the need for correct financial information remains crucial, the Federation of the Belgian Financial Sector (Febelfin) points out. Read more (FR) |
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FROM THE INSTITUTIONS
ECB: Consumer Expectations Survey results – July 2024
This European Central Bank (ECB) document shows that the median rate of perceived inflation over the previous 12 months declined noticeably in July to 4.1%, from 4.5% in June. Meanwhile, inflation expectations at the one-year and three-year horizons remained below the perceived past inflation rate. Read more
ESMA: Translations of Guidelines on funds’ names
The European Securities and Markets Authority (ESMA) has published the translations in all official EU languages of its Guidelines on funds’ names using ESG or sustainability-related terms. The Guidelines will start applying on 21 November 2024. Read more ESRB: Call for more data sharing The European Systemic Risk Board (ESRB) has written to European Union co-legislators on the importance of data sharing between the European Supervisory Authorities (ESAs) and the ESRB. 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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