EBF MORNING BRIEF Thursday 28 November 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: ECBâs Schnabel Sees Only Limited Room for Further Rate Cuts
The European Central Bank needs to be wary of cutting interest rates too far as borrowing costs are already near a level that no longer restrains the economy and going lower could backfire, according to Executive Board member Isabel Schnabel, writes Bloomberg. Read more
FT: French markets hit by threat of government collapse
According to Financial Times (FT), French sovereign bonds and stocks fell on Wednesday as concerns intensified among investors that a dispute over a belt-tightening draft budget could bring down Prime Minister Michel Barnierâs government. Read more
S&P: Large European banks' deposit growth weakens in Q3 amid gloomy economic outlook
As the S&P reports, UK-based Lloyds Banking Group recorded the highest deposit growth among Europe's largest banks of just 2.1% in the third quarter from the previous three-month period, while Italy's Intesa Sanpaolo booked a 4% decline. Read more |
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MAIN EVENTS Thursday 28 November Deutsche Bundesbank âInflation is falling. Is everything OK?â Forum General Council meeting of the ECB: hybrid format ECB: Monetary developments in the euro area (Oct. 2024) EBI Advisory Board Conference on "Capital Markets Union" Friday 29 November ECB: Distributional Wealth Accounts (DWA) (Q2 2024) event Il Salone dei Pagamenti, Italyâs biggest payments industry fair and a landmark event Alexandra Maniati, EBF's Senior Director of Innovation & Cybersecurity will be discussing the challenges and opportunities presented by the Digital Markets Act (DMA). SIU: Contributing Towards Financial Security in Retirement event |
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FROM EBF MEMBERS Azerbaijan Banks Association (ABA): Special Regulatory Regime of the Central Bank: A New Era in Testing Innovative Products in the Financial Sector The Central Bank of the Republic of Azerbaijan (CBA) has begun implementing a special regulatory regime this year to support the development of innovations in financial markets. This significant initiative not only provides companies offering innovative solutions the opportunity to test new products and services in real-world conditions under the supervision of the CBA but also ensures the safe introduction of these products to financial markets. Read more (AZ)
Croatian Banking Association (HUB): Ahead of "Black Friday," we advise heightened caution and responsible behavior when making online payments
Online shopping has been experiencing consistent growth and has become a popular and convenient option for many citizens, especially ahead of the upcoming "Black Friday." While it offers numerous advantages, it is essential to approach online shopping responsibly, with a particular focus on security and caution to avoid the risk of misuse of personal and card information. The Croatian Banking Association (HUB) therefore urges citizens to exercise care when making purchases. Read more (HR)
Luxembourg Bankers' Association (ABBL): Make a difference: volunteer for Woch vun de Suen 2025
The ABBL and the ABBL Foundation for Financial Education are excited to announce the return of Woch vun de Suen (Money Week) from 17 to 21 March 2025. This annual initiative, supported by the Ministry of Education, Children and Youth, is part of the European Money Week by the European Banking Federation and the OECDâs Global Money Week. Read more |
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FROM THE INSTITUTIONS ECB: Going NUTS: the regional impact of extreme climate events over the medium term The European Central Bank (ECB) has released a thought-provoking working paper titled "Going NUTS: The Regional Impact of Extreme Climate Events Over the Medium Term." This research explores how extreme weather eventsâlike floods, droughts, and heatwavesâimpact regions within the EU over time, with a focus on economic resilience and vulnerabilities. Read more
BIS: Jerome H Powell: Economic outlook
Speech by Mr Jerome H Powell, Chair of the Board of Governors of the Federal Reserve System, to the World Affairs Council, the Federal Reserve Bank of Dallas and the Dallas Regional Chamber, Dallas, Texas, 14 November 2024. Read more
EC: The new von der Leyen Commission is ready to start working on 1 December
The European Parliament has approved the new College of Commissioners that will take office on 1 December. In a vote that took place in Strasbourg, Members of the European Parliament gave their confidence to the new team presented by President von der Leyen. 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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European banks: Financing a competitive and thriving Europe Meeting in Frankfurt yesterday, the EBF board congratulated the newly confirmed College of the European Commissioners and called for a strategic, long-term approach to ensuring the international competitiveness and resilience of the European banking sector which is at the foundation of Europeâs competitiveness and ability to cope with digital and social and environmental challenges. 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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