EBF MORNING BRIEF Wednesday 13 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: Climate finance is the hot topic at COP29 but would it be a loan, who pays and whatās it spent on?
According to Euronews, money is the life blood of climate action; enabling cleaner industries to grow in place of polluting ones, strengthening nationsā resistance to climate change and helping them pick up the pieces when disaster strikes. Read more
Reuters: More ECB rate cuts coming but pace of easing uncertain, Rehn says
More European Central Bank interest rate cuts are coming and the deposit rate could hit the so-called neutral level in the first half of next year, Finnish central bank chief Olli Rehn said on Tuesday, writes Reuters. Read more
Bloomberg: Euro Parity With Dollar Is the Big New Call by Currency Analysts
Currency strategists are ripping up forecasts for the euro in the wake of the US election and coming up with a new call: a slide toward parity with the dollar, Bloomberg reports. Read more |
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FROM EBF MEMBERS Czech Banking Association (ÄBA): More than 65,000 frauds occurred from the beginning of the year to the end of September In the first nine months of this year, banks saved their clients approximately CZK 4.5 billion. By the end of September, more than 65,000 frauds had occurred, an increase of almost a third compared to last year. Read more
Finance Denmark: Finance Denmark Appoints New Chief Executive Officer
Lars Gert Lose has been appointed as the new CEO of Finans Danmark, the Danish financial sector's interest and employer organization. He will assume the position by May 1, 2025. Read more (DK)
Association of Cyprus Banks (ACB): Economics for Success: Financial Education Program in Middle Schools for the Sixth Year with the Support of the Bank Association
For the sixth consecutive year, the Bank Association, in collaboration with the educational organization JA Cyprus, is implementing the financial literacy program "Economics for Success," aimed at third-year middle school students. Read more (GR) |
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FROM THE INSTITUTIONS
ECB: Christine Lagarde: Mind the gap: what it takes to finance a greener future
Complacency in fighting climate change and preserving biodiversity is endangering our economic survival. The longer we wait, the higher the costs will be. Christine Lagarde, President of the European Central Bank (ECB), warns of the growing gap between the commitments made and the investment needed. Read more
BIS: Pablo HernƔndez de Cos announced as next BIS General Manager, effective 1 July 2025
The Board of Directors of the Bank for International Settlements (BIS) announced the appointment of Pablo HernƔndez de Cos as its next General Manager. His appointment takes effect on 1 July 2025 and is for a five-year term. Read more
European Commission: EU Leaders gather in Budapest and commit to boost Europe's competitiveness
At the European Council in Budapest, EU Leaders adopted the Budapest Declaration, which lays out a new European Competitiveness Deal to address the current geopolitical, economic, and demographic challenges and ensure Europe's continued prosperity. 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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