EBF MORNING BRIEF Thursday 7 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: ECB’s Guindos warns of ‘huge’ implications of Trump tariff plans
The global economy faces potentially detrimental shocks to growth and inflation if US President-elect Donald Trump implements the kind of import tariffs he threatened during his campaign, according to what European Central Bank (ECB) Vice President Luis de Guindos told Bloomberg. Read more
Reuters: Europe must not water down bank regulation, top supervisor says
Europe should go ahead and implement new regulation for banks known as Basel III, which aims to make lenders more resilient to possible economic shocks, Claudia Buch, the European Central Bank's (ECB's) top supervisor, told Reuters. Read more
Risk.net: Foreign banks want level playing field in US Basel III redraft
It’s not just US-headquartered banks that are wondering about the fate of a recently stalled major reform of prudential rules. Foreign banks fear significant implications for their local subsidiaries as well, Risk.net reports. Read more |
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FROM THE MEDIA
Bloomberg: ECB’s Guindos warns of ‘huge’ implications of Trump tariff plans
The global economy faces potentially detrimental shocks to growth and inflation if US President-elect Donald Trump implements the kind of import tariffs he threatened during his campaign, according to what European Central Bank (ECB) Vice President Luis de Guindos told Bloomberg. Read more
Reuters: Europe must not water down bank regulation, top supervisor says
Europe should go ahead and implement new regulation for banks known as Basel III, which aims to make lenders more resilient to possible economic shocks, Claudia Buch, the European Central Bank's (ECB's) top supervisor, told Reuters. Read more
Risk.net: Foreign banks want level playing field in US Basel III redraft
It’s not just US-headquartered banks that are wondering about the fate of a recently stalled major reform of prudential rules. Foreign banks fear significant implications for their local subsidiaries as well, Risk.net reports. Read more |
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MAIN EVENTS
Thursday 7 November
Friday 8 November
Council Working Party on the Environment |
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Artificial intelligence is becoming a priority topic of discussion among citizens, the industry, as well as regulators and policymakers, and with good reason, as it has an immense transformative potential on many levels of social and economic life. In banking, AI can be seen as a powerful tool that provides numerous opportunities for the digital transformation of the sector and the further improvement of the provision of digital financial services, while it can also entail challenges that need to be addressed.
On 14 November, the EBF in partnership with EY will organize an online event to discuss all these aspects of AI and its role in banking, looking into how the technology allows for better, more secure and innovative financials services, what challenges arise from its deployment, and how policy can play a pivotal role in boosting innovation and promoting security. |
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FROM EBF MEMBERS BdB: Promote wealth creation – strengthen retirement provision and democracy Germany is at the bottom of the EU when it comes to home ownership. Despite years of low/negative interest rates, fewer and fewer (young) families have managed to acquire home ownership, especially in urban areas, the Association of German Banks (BdB) reports. Read more (DE)
UK Finance: UK Cash and Cash Machines 2024
UK Finance has shared a detailed analysis of how and where cash was obtained and spent in the UK during 2023. Read more
CBA: Banks managed to save 4.5 billion crowns, the average loss per client fell to 16,170 CZK
In the first nine months of 2024, banks saved their clients approximately 4.5 billion crowns. By the end of September, there were more than 65,000 frauds, an increase of almost a third compared to last year, the Czech Banking Association (CBA) reports. Read more (CZ) |
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FROM THE INSTITUTIONS
ECB: Welcome address at the tenth anniversary of the Single Supervisory Mechanism
The European Central Bank (ECB) has published the Welcome address by Christine Lagarde at the tenth anniversary of the Single Supervisory Mechanism. Read more
EIOPA: Factsheet shows increasing share of green investments in EU insurers’ portfolios
The European Insurance and Occupational Pensions Authority (EIOPA) collects and publishes comprehensive statistics on solo insurance undertakings and groups in the European Economic Area (EEA). Recent data shows that the share of green investments in the portfolios of EEA insurers has edged higher. Read more
BIS: Green Swan 2024
On November 9 will be held the conference "Green Swan 2024: Impact of climate change on the real economy: what does it mean for business and for monetary policy?", co-organised by the Bank for International Settlements (BIS), the Bank of Japan, the Bank of Spain and the Network for Greening the Financial System. 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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