EBF MORNING BRIEF Tuesday 21 May 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. Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA Reuters: De Guindos sees inflation moving towards 2% goal in 2025 Eurozone price pressures continue to ease, giving European Central Bank (ECB) policymakers increased confidence inflation will ease back to target next year. "Headline inflation is there at 2.4%, core inflation below 3%. We believe that in the coming months inflation will fluctuate around these values", ECB Vice-President Luis de Guindos said as quoted by Reuters. Read more Risk.net: FRTB start dates must align globally, says EC The European Commission (EC) is ready to take steps to ensure the start dates for new bank capital rules on the trading book will align globally across all jurisdictions, Risk.net reports. With uncertainty clouding the timing of the US implementation for these new prudential standards, it is more likely the European Union will alter its own go-live date. Read more Finextra: Iberpay and Santander become first particpants in EPC's OCT Inst scheme Spain's Iberpay and Santander have signed up as the first participants in the European Payment Council's new One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme for faster international account-to-account payments. As reported by Finextra, the OCT Inst scheme promises to bring the benefits of Sepa to international payments. Read more |
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MAIN EVENTS Council Working Party on the Environment |
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FROM EBF MEMBERS ABBL: Contribute to Luxembourg's Sustainable Finance Strategy The Luxembourg Sustainable Finance Initiative (LSFI) has just released its 2023 Annual Report, a significant document that showcases the progress and activities undertaken over the past year. The LSFI's work in these areas is crucial for advancing sustainable finance in Luxembourg, and it is essential for the The Luxembourg Bankers' Association (ABBL) and its members to engage with this report and the accompanying survey. Read more Finance Denmark: The Danes have doubts about the ethics of private defense investments According to Finance Denmark, the war in Ukraine has caused the European countries to arm themselves to an extent that requires large investments from both the states and private actors. The financial sector is ready to support this. When it comes to Danes' investments, however, many are in doubt as to whether investments in the defense industry are ethically sound or not. Read more (DK) Febelfin: UCI industry figures for Q4 2023 As Febelfin reports, the Belgian fund sector experienced an increase of +6.5% during the fourth quarter of 2023, mainly due to price gains recorded in the underlying assets, and supplemented by net subscriptions. At the end of December 2023, the net assets of publicly distributed funds in Belgium amounted to EUR 271.9 billion. Read more (FR) |
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FROM THE INSTITUTIONS ECB: Path beyond June uncertain The last mile of disinflation is proving to be the most difficult in many advanced economies, European Central Bank (ECB) Executive Board member Isabel Schnabel says in an interview with Nikkei. We should move cautiously because front-loading the easing process could imply easing prematurely. Read more BIS: Basel Committee publishes report on the digitalisation of finance The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) published a report that considers the implications of the ongoing digitalisation of finance on banks and supervision. The report builds on the Sound Practices: implications of fintech developments for banks and bank supervisors published in 2018, and takes stock of recent developments in the digitalisation of finance. Read more EBA: Consultation on draft guidelines on ADC exposures to residential property under the standardised approach of credit risk The European Banking Authority (EBA) launched a public consultation on its draft Guidelines (GLs) under the Capital Requirements Regulation (CRR3) regarding acquisition, development and construction (ADC) exposures to residential property. 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 European Social Partners for the Banking Sector Sign New Joint Declaration on Employment Aspects of Artificial Intelligence 90 social partners from the European and national sectoral level gathered today to witness the European Social Partners for the banking sector sign a Joint Declaration on Employment Aspects of Artificial Intelligence. This declaration is the beginning of an ongoing process on AI, and also the culmination of extensive collaboration and dialogue among the stakeholders, taking into account the sector’s dynamic challenges and opportunities in introducing processes and systems which use AI. 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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