EBF MORNING BRIEF Thursday 5 December 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’s Inflation Fight Nearing End But Not Over Yet, Lagarde Says
The European Central Bank’s fight against inflation is approaching its end but hasn’t been won yet, according to President Christine Lagarde, writes Bloomberg. Read more
Politico: The tragedy of Michel Barnier
According to Politico, he was supposed to be the man who could pull France back from the brink. Instead, barring a last-minute miracle, Michel Barnier’s brief stint as prime minister will end in a cataclysmic flop that could send shockwaves across Europe. Read more
Euonews: Housing market: Where is it the most expensive to buy in Europe?
As Euronews reports, EU house prices increased by 48% between 2010 and 2023, while housing costs, including paying for utilities skyrocketed in some member states, according to the latest report about housing in Europe by Eurostat. Read more |
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MAIN EVENTS
Thursday 5 December
ECIPE Webinar on cloud Cybersecurity, sovereignty, and EU competitiveness International Artificial Intelligence Summit Deutsche Bundesbank: AI – Hype, facts and possible consequences: how does AI affect the economy? Bundesbank Forum Cybersecurity@CEPS SUMMIT 2024 Friday 6 December Bank of England: External business of Monetary Financial Institutions operating in the UK (2024 Q3 ) EUROCONTROL Standing Committee on Finance (SCF) Working Group on Financial Regulations |
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FROM EBF MEMBERS Finance Iceland (SFF): Important to Watch Out for Online Scams During Holiday Shopping RÚV reported on a bold online scam that musician Friðrik Ómar Hjörleifsson fell victim to after purchasing a product online from abroad. Friðrik received what appeared to be an email from Iceland Post, but it was actually sent by fraudsters who were impersonating the organization. Read more (IS)
Finance Latvia: Dainis Gašpuitis: One Friday or multi-marathon day?
Data released by Mastercard SpendingPulse indicates that sales volumes on Friday, November 29, increased by 3.4% compared to Black Friday 2023. Online retail volumes grew by 14.6%, while in-store sales increased by just 0.7%. What is the impact of Black Friday on trade in Latvia? Read more (LV)
Luxembourg Bankers' Association (ABBL): How Luxembourg Private Banks embrace digital transformation: survey by ABBL and KPMG reveals key insights
Private banks are often seen as lagging universal banks in terms of digital transformation. While the human element, such as the availability and attentiveness of customer relationship managers, remains crucial, private banks cannot ignore the digital reality. Read more |
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FROM THE INSTITUTIONS ECB: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament. Read more
EIOPA: Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-November 2024
The European Insurance and Occupational Pensions Authority (EIOPA) has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of November 2024. Read more
Council: Capital markets Union: Council agrees to make consumers’ financial data more accessible
The Council reached an agreement on a proposed framework for Financial Data Access (FIDA) that aims to open the access of financial institutions to each other’s customer data. 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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