EBF MORNING BRIEF Monday 28 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 may reach 2% price goal earlier than anticipated, Nagel says
Euroarea inflation may slow to the European Central Bank’s (ECB's) inflation target earlier than anticipated, according to what Bundesbank President Joachim Nagel told Bloomberg. Read more
Reuters: Lending, sentiment data bolster Eurozone recovery narrative
Eurozone bank lending rebounded more in September, and German business sentiment has improved more than expected this month, bolstering the view that the euro zone economy has bottomed out, even if there is no rapid recovery in sight, Reuters reports. Read more
CNBC: Inflation undershoots to jumbo cuts: What 10 ECB members said
According to CNBC, after the European Central Bank (ECB) cut interest rates for the third time this year — and inflation fell below target — all eyes are now on policymakers’ next move. Read more |
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The European Banking Federation (EBF) and its members have been working intensively in fighting fraud related payments across Europe. As the legislative process on PSR is continuing, we would like to invite you to attend the upcoming EBF event titled “Unmasking the Payment Fraud Ecosystem: Best Practices & Collaboration” taking place on Tuesday, 5 November, from 10:30 to 15:45 CET at the EBF premises (Avenue des Arts 56) in Brussels.
This event aims to an exchange of best practices of banks in combating payment fraud and also on a dialogue with relevant stakeholders for a collaborative approach in the fight against this type of fraud that is relevant to all citizens. |
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FROM EBF MEMBERS AEB: The banking sector rejects the permanent tax In light of the succession of news and public statements about the Government's intention to make the temporary tax on the banking sector permanent, the Spanish Banking Association (AEB) and CECA express their strongest rejection of the impact on the sector itself and on the Spanish economy. Read more (ES) Finance Finland: Europe needs retail saving, investing and opportunities for wealth creation – Finland is undermining voluntary pension saving “The importance of promoting saving and investing cannot be overstated. The government even acknowledged this in its own programme by committing to promoting voluntary pension saving” said Finance Finland’s CEO Arno Ahosniemi. Read more Finance Latvia: The number of loans granted to private individuals has increased significantly In the first half of this year, the number of loans granted to private individuals increased by 27% compared to the corresponding period last year. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Monetary developments in the euro area: September 2024
According to the European Central Bank (ECB), the annual growth rate of the broad monetary aggregate M3 increased to 3.2% in September 2024 from 2.9% in August, averaging 2.8% in the three months up to September. Read more
EIOPA: Draft advice calls for one-to-one capital weight for EU insurers’ crypto holdings
The European Insurance and Occupational Pensions Authority (EIOPA) launched a public consultation on its draft technical advice on standard formula capital requirements for crypto assets within the EU’s regulatory framework for insurers. Read more
ESMA: Report on first application of IFRS 17 Insurance Contracts
The European Securities and Markets Authority (ESMA) has released the Report ‘From black box to open book?’. This report includes recommendations to assist issuers when preparing their annual financial statements. 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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