EBF MORNING BRIEF Thursday 16 May 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
Euractiv: ECR’s Hoogeveen on why EU needs ‘deregulation’
Europe should deregulate its economy and “develop a culture of private investment” similar to the US, Vice Chair of the European Parliament’s Committee of Economic and Monetary Affairs and Dutch MEP from the European Conservatives and Reformists Group (ECR) Michiel Hoogeveen told Euractiv in an interview. Read more
Bloomberg: Villeroy says ECB is very likely to start rate cuts in June
The European Central Bank (ECB) is very likely to start cutting interest rates at its next policy meeting in June, Bank of France Governor Francois Villeroy de Galhau said. Barring surprise shocks the ECB remains committed to bringing inflation to its 2% goal by next year from 2.4% currently, he said in an interview as noted by Bloomberg. Read more
Reuters: BNP Paribas CEO dampens hopes for EU bank M&A revival
The boss of the euro zone's most valuable lender BNP Paribas played down expectations
for a revival of M&A activity in European banking, saying the economics of cross-border
and even some domestic deals rarely made sense. According to Reuters, Eurozone regulators have long wanted more consolidation to boost financial stability and lenders, many of which have smaller market values than they did during the global financial crisis and even some domestic deals rarely made sense. Read more |
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FROM EBF MEMBERS
SBA: ‘Stop the exploitation of personal data’
Online search services have become key tools for criminals in identifying potential victims. The government must stop this abuse of the law. This is according to Hans Lindberg, CEO of the Swedish Bankers' Association (SBA), together with representatives from several other organizations. Read more (SE)
CBA: The market revived noticeably in April
According to CBA (Czech Banking Association) banks and building societies provided mortgages to households in the amount of CZK 21.9 billion in April. Their volume increased by 20% month-on-month compared to March. However, activity in April is usually weaker, so this year's development was all the more favorable and confirms the growing interest in mortgages that started at the beginning of this year. Read more (CZ)
Finance Latvia: Increasing opportunities for green lending
Finance Latvia's 2024 lending index has grown by 5%, which is less than last year, but overall a positive trend is observed: banks are able to lend and want to do so. A special focus is placed on the financing of sustainable or "green" lending solutions, which are important not only for banks, but also for large companies in order to meet the requirements set by the Green Course. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Consumer credit: who’s applying for loans now?
Despite rising interest rates, more consumers are applying for loans. This demand comes mainly from households with lower income. The European Central Bank (ECB) Blog takes a closer look into credit applications and how they affect banks’ credit standards and credit issuance to households. Read more
SRB: 2024 MREL policy and latest MREL dashboard
Today, the Single Resolution Board (SRB) publishes its 2024 minimum requirement for own funds and eligible liabilities (MREL) policy. This new policy takes into account a public consultation held between 14 December 2023 and 13 February 2024. Read more EIOPA: Insurance Risk Dashboard flags market risks for insurers amid market volatility and declining real estate prices The European Insurance and Occupational Pensions Authority (EIOPA) published today its May 2024 Insurance Risk Dashboard, which shows that risks in the EU’s insurance sector are stable and overall at medium levels, with pockets of vulnerabilities stemming from market uncertainty and potential risks in the real estate sector. 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 European Social Partners for the Banking Sector Sign New Joint Declaration on Employment Aspects of Artificial Intelligence 90 social partners from the European and national sectoral level gathered today to witness the European Social Partners for the banking sector sign a Joint Declaration on Employment Aspects of Artificial Intelligence. This declaration is the beginning of an ongoing process on AI, and also the culmination of extensive collaboration and dialogue among the stakeholders, taking into account the sector’s dynamic challenges and opportunities in introducing processes and systems which use AI. 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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