EBF MORNING BRIEF    Thursday 18 July 2024

FROM THE MEDIA

Euronews: ECB meeting preview: No surprise cut in July, all eyes on September

Following June’s rate cut, the European Central Bank (ECB) is expected to maintain rates steady at its July meeting, awaiting September economic projections. According to Euronews, divisions widen between hawk and dove members, while analysts anticipate two more cuts by year-end. Read more

FT: Strict EU sustainable finance rules deter emerging market investment, banks say 

Stringent EU rules on sustainable finance are preventing investment in emerging markets, the head of one of the EU’s largest development banks has said to the Financial Times (FT), warning that Chinese and Middle Eastern groups are filling the gap. Read more

The Banker: Basel Endgame stumbles at the finish line

Billed as best practice in capital adequacy, Basel standards on banking have long been the global star in the realm of prudential rulemaking. The latest version — Basel Endgame, as it has come to be known — was supposedly a done deal, with banks set to fork out more capital from 2025, The Banker reports. Read more

MAIN EVENTS

Thursday 18 July

• Council Working Party on International Environment Issues 

• Council Working Party on the Environment 

• Governing Council of the ECB monetary policy meeting 

• EIB Board of Directors meeting 

• EIB ‘Scaling up Support on Affordable and Sustainable Housing’ webinar 

Friday 19 July

• Council Working Party on the Environment

• Council Trade Policy Committee

FROM EBF MEMBERS

SFF: Improvements still needed for the next FATF review

Finance Iceland (SFF) reports Jóna Björk Guðnadóttur - senior lawyer of the Association of Financial Services Companies - interview focused on the upcoming FATF (Financial Action Task Force) review of money laundering measures in Iceland, which is scheduled to begin next year. Read more (IS)

Finance Latvia: The number of committed financial frauds continues to decrease

CBA: Price growth in services accelerated again in June

According to the Czech Banking Association (CBA), producer prices in June sound mixed, industrial producer prices fell slightly compared to May according to analysts' expectations, partly due to fluctuating energy items, but in the other monitored segments, prices rose month-on-month and the price development was stronger than the long-term June development of 2010-2019. Read more (CZ)

FROM THE INSTITUTIONS

BIS: Basel Committee publishes final disclosure framework for banks' cryptoasset exposures and targeted amendments to its cryptoasset standard

The Bank for International Settlements (BIS) has published the Basel Committee on Banking Supervision final disclosure framework for banks' cryptoasset exposures and targeted amendments to its cryptoasset standard published in December 2022. Read more

ESAs: Establishment of the framework to strengthen coordination in case of systemic cyber incidents

The three European Supervisory Authorities (ESAs) will establish the EU systemic cyber incident coordination framework (EU-SCICF), in the context of the Digital Operational Resilience Act (DORA), that will facilitate an effective financial sector response to a cyber incident that poses a risk to financial stability. Read more

EBA: Clarification of the operational application of CRR 3 in the area of credit risk modelling

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

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

European Banking Federation