EBF MORNING BRIEF Tuesday 23 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: Kazimir: ECB cut bets not fully misplaced, but not baseline Market bets on two more European Central Bank (ECB) interest-rate reductions this year aren’t “entirely misplaced,” but shouldn’t be taken as “a given or a baseline scenario,” according to Governing Council member Peter Kazimir. “We are on track to return to our target, but we are clearly not there yet," he said as quoted by Bloomberg. Read more Reuters: European banks profits in spotlight after big share price gains Europe's biggest banks report their second-quarter earnings this week, with all eyes on whether the gains from higher interest rates have run out of steam and if recent political drama is weighing on sentiment, Reuters reports. Read more FT: FSB says shadow bank vulnerabilities yet to be fixed According to the Financial Times (FT), the Financial Stability Board (FSB) has urged regulators to maintain their clampdown on the “underlying vulnerabilities” building up outside the formal banking system in fast-growing and often heavily indebted areas such as private equity and hedge funds. Read more |
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FROM EBF MEMBERS
BdB: 3 questions, 3 answers: complex regulation
The Association of German Banks (BdB) answers three questions on the regulatory framework for banks, from the complexity of the current regulations to what the problems are and how to solve them. Read more (DE)
AAB: Seminar on climate risk management for banks
The Albanian Association of Banks (AAB) and DISK Albania are committed to promoting sustainable finance and equipping banks with the tools and knowledge needed to address climate risk management challenges. For these reasons, Violeta Haxhillazi, an expert trained by the German Sparkassenstiftung, led a workshop on these topics. Read more (SQ)
Finance Latvia: Sanita Bayare: 2024 can become an opportunity for an economic springboard for further development
Finance Latvia reports Sanita Bajāre's - Chairman of the Board of the Financial Industry Association - speech, in which she highlights that the first half of 2024 was spent in the financial sector with a hopeful view of economic stabilization. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Banking supervision, impact on climate risk & sustainable finance
This paper provides a first empirical analysis of the impact of the European Central Bank’s (ECB’s) climate-risk-related supervisory efforts on climate risk exposure and related risk management of banks; and on the induced shifts in banks’ portfolio choices with regard to additional green finance. Read more
BIS: The changing geography of global capital flows
The Bank for International Settlements (BIS) publishes Alexandre Tombini's - BIS Chief Representative for the Americas - speech at the Central Reserve Bank of Peru, Reinventing Bretton Woods Committee and Inter-American Development Bank 15th Annual Conference: "The rewiring of the global economy". Read more Eurostat: Government debt up to 88.7% of GDP in euro area At the end of the first quarter of 2024, the general government gross debt to GDP ratio in the euro area (EA20) stood at 88.7%, compared with 88.2% at the end of the fourth quarter of 2023. In the EU, the ratio also increased from 81.5% to 82.0%. 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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