EBF MORNING BRIEF Tuesday 3 September 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
Reuters: ECB policymakers at odds over downturn's impact
European Central Bank (ECB) policymakers are increasingly at odds on the outlook for growth, a rift that could shape the rate cut debate for months with some fearing a recession and others focusing on lingering inflation pressures, sources told Reuters. Read more FT: Why the battle over the EUās next ā¬1.2tn budget has already begun The EU agrees its shared budget every seven years. The existing one runs out in 2027. It needs unanimous support from member states, who fund it, and the wrangling over how itās allocated takes years. According to the Financial Times (FT), the 2028-34 budget is set to be one of the most consequential ones in the blocās history. Read more Euronews: Villeroy adds voice to calls for ECB September rate cut Bank of France Governor FranƧois Villeroy de Galhau supports a September European Central Bank (ECB) rate cut, citing declining eurozone inflation. Meanwhile, as Euronews reports, analysts downplay the impact of services inflation. Read more |
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MAIN EVENTS Council Working Party on the Environment |
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FROM EBF MEMBERS
Finance Norway: Consumer debt increased by NOK 6.9 billion this year
Consumer debt in Norway now amounts to NOK 167.3 billion, which is an increase of NOK 2.7 billion last month. Despite the fact that holiday pay in June contributed to a short-term decline, the debt increased by NOK 4.5 billion in July and August. Read more (NO)
BdB: New smartphone? How to keep banking and payments secure
You can use almost any smartphone to pay at the checkout and do your banking. From time to time, however, it may be necessary to swap your smartphone for a newer device. In two steps, you can switch your stored digital cards and move your mobile banking to the new device, the Association of German Banks (BdB) reports. Read more (DE)
Finance Latvia: Applications for the "(ie)dvesma" grant program
Applications for the "(ie)dvesma" grant competition started on September 2, in which authors of business ideas, as well as already operating companies, will be able to apply for participation until September 27. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Claudia Buch: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
The European Central Bank (ECB) has published Introductory the statement by Claudia Buch, Chair of the Supervisory Board, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament. Read more
BIS: The rise of generative AI
In this working paper the Bank for International Settlements (BIS) investigates the evolving impact of artificial intelligence (AI) on the US labour market and examines how AI might complement or substitute human labour across 711 occupational categories. Read more ESRB: Response to the ESMA consultation on draft RTS and Guidelines on liquidity management tools The European Systemic Risk Board (ESRB) has released its response to European Securities and Markets Authority's (ESMAās) consultation on the draft Regulatory Technical Standards and Guidelines. It builds on the ESRB issues note published in September 2023. Read more |
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FROM THE EBF
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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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