EBF MORNING BRIEF Wednesday 12 June 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!
|
|
|
FROM THE MEDIA
Reuters: ECB should wait with next rate move until uncertainty recedes
The European Central Bank (ECB) should persist in restraining economic growth given the ample inflationary pressures and wait with its next rate cut until uncertainty recedes, said ECB chief economist Philip Lane. "In a world of uncertainty, one way to deal with uncertainty is a little bit of waiting" he said as quoted by Reuters. Read more
Bloomberg: Europe poised to delay Basel bank trading rules by a year
The European Union is set to delay key parts of global bank capital rules by a year, so that the bloc’s lenders will not be disadvantaged by continued wrangling over the standards in the US, people familiar with the matter told Bloomberg. Read more
POLITICO: European banks to provide over €600M for Ukraine
Ukraine is to receive hundreds of millions of euros from European banks to buttress its economy and eventually rebuild its infrastructure, according to a series of agreements signed in Berlin on Tuesday, POLITICO reports. Read more |
|
THE SECOND 2024 BANKING ESSENTIALS WEBINAR
Payback time: Assessing credit risk at Europe's banks
in an uncertain climate
Thursday, 13 June 2024 | 2:00 - 3:00 PM (CET) . |
|
 | European banks have enjoyed strong profits recently on the back of higher interest rates, but credit risk is increasingly in the spotlight. Consumers and businesses are struggling
with higher costs following the recent surge in inflation, putting pressure on loan repayments, while banks’ exposure to risky areas such as leveraged loans
and commercial real estate is a cause of concern for markets.
Join our panel as we discuss the current state of credit risk and asset quality
in Europe, how some economies have rid themselves of huge bad
loan burdens, and where things go from here.
|
|
|
FROM EBF MEMBERS CBA: Inflation slowed to 2.6 percent in May According to the Czech Banking Association (CBA), May year-on-year inflation fell from 2.9% to 2.6% and ended slightly below the market estimate. The Czech National Bank's earlier estimate expected 2.5%. Read more (CZ) HUB: Warning against campaigns aimed at fraud and data theft The Croatian Association of Banks (HUB) warns of a series of campaigns by criminals who have recently targeted bank clients for financial gain and data theft. Fraud attempts most often take place through fake e-mails, SMS messages and fake website. Read more (HR)
Finance Latvia: 439 self-employed people have already chosen the privilege of not thinking about tax returns
More and more self-employed people are opting for a Business Income or SDI account, which allows them to focus on developing their business and forget about tax calculations and returns. The SDI account has been available in Latvia for a year and a half, but a growing number of small businesses find it complicated. Read more (LAT) |
|
FROM THE INSTITUTIONS
ECB: Still in restrictive territory
"We haven’t finished the restrictive monetary policy cycle yet", European Central Bank (ECB) President Christine Lagarde told euro area newspapers in an interview conducted on 7 June. "Our latest decision doesn’t mean interest rates are on a linear declining path, so there might be periods where we hold rates again", she added. Read more
ESRB: Award of the prize for research on systemic risk
The 2024 Ieke van den Burg Prize for research on systemic risk has been awarded to Tsvetelina Nenova. This follows a highly competitive selection process, involving peer reviews conducted by members of the Advisory Scientific Committee of the European Systemic Risk Board (ESRB). Read more BIS: Central bank capital and trust in money This paper by the Bank for International Settlements (BIS) highlights the experience of the Bank of Amsterdam in the late 1700s and the emerging market crises of the 1980s and 1990s, that provided cautionary tales on the importance of fiscal backing in maintaining trust in money. The pivotal economic determinant behind the trust in money is the portfolio decisions of private holders of central bank money. Read more |
|
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 |
|
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 |
|
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
|
|
|
|
