EBF MORNING BRIEF Tuesday 26 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
Euronews: France's far right threatens to bring down the government over draft budget
According to Euronews, French far-right leader Marine Le Pen said on Monday that she could bring down France’s minority government by the end of the year unless changes are made to the country’s budget bill. Read more
Euroactive: EU Parliament to approve von der Leyen’s new Commission this week
EU Parliament to approve von der Leyen's new Commission this week. The next European Commission is on track to take office on 1 December, as planned, writes Euroactive. Read more
The Banker: Banco BPM merger would boost UniCredit’s position among largest EU banks
UniCredit’s surprise €10bn bid for Banco Popolare di Milano would, if completed, see the Italian banking giant leapfrog Société Générale, Deutsche Bank and BBVA to become Europe’s sixth-largest bank by Tier 1 capital, according to data from The Banker Database. Read more |
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MAIN EVENTS Deutsche Bundesbank: The digital Euro: the money of the future? Forum U.S. Federal Reserve: FOMC minutes — Meeting 6 November – 7 November ECB: Monthly indicators on government debt securities (Oct. 2024) Council Working Party on Financial Services and the Banking Union (Financial Services) |
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FROM EBF MEMBERS Finance Denmark: Here are 18 recommendations to curb IT fraud in Denmark For a year, Finance Denmark's Fraud Task Force has been working on solutions to curb the rapidly growing digital fraud. The goal is to stay one step ahead of criminals who scam an increasing number of Danes each year. Read more (DK)
Bank Association of Slovenia (ZBS): Money and Crime: A Never-Ending Game – An Exhibition Showcasing the Historical Evolution of Financial Crime and Raising Awareness About Contemporary Financial Scams
Money and Crime: A Never-Ending Game is the title of an exhibition dedicated to presenting the historical development of financial fraud, from ancient times to today's highly relevant online scams. The exhibition, primarily aimed at educating and raising awareness about current online fraud, will be open at the NLB Museum (ÄŚopova Street 3 in Ljubljana) until December 31, 2024. Read more (SI)
Polish Bank Association (ZBP): AMRON-SARFiN Report: Stabilization in the Housing Loan Market and Initial Signs of Improved Financing Accessibility
According to the latest AMRON-SARFiN report, Polish banks concluded 45,897 new loan agreements between July and September 2024, totaling PLN 19.315 billion, representing a 12.63% year-on-year increase. Improvements in the quality of the housing loan portfolio and gradual flexibility in financing conditions offered by banks are signals stabilizing the market, despite still high loan costs and dynamic changes in property prices. Read more (PL) |
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FROM THE INSTITUTIONS
ECB: Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Guillaume Benoit on 19 November 2024
While the euro area must adapt to these challenges, maintaining a balance between controlling inflation and fostering economic growth will require careful monetary policy, integration reforms, and efforts to strengthen the European financial system. Read more
BIS: Closing the climate finance gap / How can we close the funding gap in climate finance, and what should the role of financial regulators be?
The Bank for International Settlements (BIS) published a paper examining how to bridge the funding gap in climate finance and the role of financial regulators in this effort. The paper highlights the need for adaptable regulatory frameworks to support financial institutions in managing climate-related risks while ensuring financial stability and promoting sustainable economic transitions. Read more
ESMA: ESMA announces further guidance on exclusion criteria for the selection of Consolidated Tape Providers
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is clarifying details for some of the documents that future applicants will be expected to provide when participating in the selection process for Consolidated Tapes Providers (CTPs). 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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