EBF MORNING BRIEF Thursday 25 July 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 weighs halving demand in risky loan probe to €7 bn
As reprted by Bloomberg, European Central Bank (ECB) officials are discussing asking banks to add about €7 billion ($7.6 billion) in provisions for leveraged loans going bad, roughly half what it had initially estimated, after its in-depth review of the business sparked a backlash among lenders. Read more The Banker: European banks see resilient NII and capital markets through 2024 Europe's largest banks posted a robust set of results thanks to stronger-than-expected net interest income and recovering capital markets. Deutsche Bank, BNP Paribas, Santander and UniCredit benefited from one or both of these dynamics and posted results, leading analysts to question whether these favourable factors will continue, The Banker reports. Read more S&P Global Market Intelligence: UK bank lending margins expected to bottom out in Q2 2024 According to S&P Global Market Intelligence, UK banks' second-quarter (Q2) earnings should mark a trough for lending margins, with gradual recovery expected later in 2024. Read more |
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MAIN EVENTS WTO Council Informal Working Group on Trade and Gender |
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Banking Governance Programme Lausanne - October & January |
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| | EBF is pleased to inform about the new Banking Governance Programme in partnership with IMD - Business School for Management and Leadership Courses.
The programme consists of two modules offered on the IMD Campus in Lausanne:
Module 1: 21 – 24 October 2024; Module 2: 27 – 30 January 2025.
Through this partnership, EBF members (and their members) are entitled to a 25% discount for the first programme. For more information, visit the IMD website, reach out directly to EBF (s.debrouwer@ebf.eu) and IMD (polina.bochukova@affiliate.imd.org). |
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FROM EBF MEMBERS
BdB: Banks are driving the energy transition: profitable investments are the key
According to Heiner Herkenhoff's - CEO of the German Banks Association (BdB) - position paper, "The private banks are prepared to finance the energy transition. For this to succeed, investments must be profitable". Read more (DE)
FBF: Access to cash: a large territorial network provided by banks
The French Banking Federation (FBF) shares the National Committee for Means of Payment's annual figures for access to cash in France. These show once again that the proximity relational model is a trademark of banks in France. Read more (FR)
AAB: Albania will enter SEPA
Albania is expected to enter the Common European Payments Area (SEPA) in 2025. As the Albanian Association of Banks (AAB) reports, payments and transfers to and from Albania will be made anywhere in the European Unionion, making the process faster, cheaper and easier. Read more (SQ) |
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FROM THE INSTITUTIONS
ECB: Does IT help? IT in banking and entrepreneurship
The European Central Bank (ECB) studies the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model, ECB establishes that job creation by young firms is stronger in US counties more exposed to banks with greater IT adoption. Read more
EBA: Extension of JC Guidelines on complaints handling
The European Banking Authority (EBA) published the final Guidelines that extend the existing Joint Committee Guidelines on complaints handling (JC Guidelines) to credit servicers under the new Credit Servicers Directive. Read more ESMA: Opinion on the Sustainable Finance Regulatory Framework The European Securities and Markets Authority (ESMA) has published an Opinion on the Sustainable Finance Regulatory Framework, setting out possible long-term improvements. 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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