EBF MORNING BRIEF Wednesday 17 April 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: European banks want EU to consider them a 'strategic' sector
European Banks are calling on the European Union to designate them a critically important "strategic" sector, warning that their competitiveness and the bloc's future are at stake, according to a report obtained by Reuters. The pitch by the European Banking Federation (EBF) leads a list of 45 policy recommendations that the region's top banking lobby is making ahead of European elections in June. Read more POLITICO: Time for a European single market ‘with teeth’ It's older than the euro and as integral to the EU as being able to cross borders without a passport, but the single market is failing to deliver while ever-stronger world economies gain the upper hand. Enrico Letta, a former Italian prime minister who will hand his report on the issue to EU leaders at their summit in Brussels on Thursday, told POLITICO the bloc needed to be "less naïve" if Europe was going to be robust enough in the years ahead. Read more
CNBC: Lagarde: ECB will cut rates soon, barring any major surprises
European Central Bank (ECB) President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. We are observing a disinflationary process that is moving according to our expectations,” Christine Lagarde told CNBC on the sidelines of the IMF Spring Meetings. Read more |
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FROM EBF MEMBERS
Finance Denmark: Call for a national cyber security strategy
Digitalisation creates growth. But it also creates new vulnerabilities. Therefore, our goal is to ensure that Denmark remains protected against increasingly sophisticated cyber threats. Finance Denmark calls for an ambitious update of the national strategy that focuses on collaboration and information sharing, securing critical infrastructure, competences and a strategy for the cyber threat from artificial intelligence. Read more (DK)
BdB: 3 questions, 3 answers: Securitisations
The Association of German Banks in this article answers three questions on the topic of securitisations, talking about how' they are important for transformation and why their market should be strengthened. Read more (DE)
SBA: Here are the winners of this year's Money Quiz
Congratulations to class 9c at Berzeliusskolan in Linköping, best class in the Swedish Banking Association's (SBA) competition in personal finance for secondary school! Congratulations also to class 9c and class 9a, both at Vallaskolan in Frösön, who came second and third respectively. Read more (SE) |
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FROM THE INSTITUTIONS
ECB: Policies robust to climate and nature crises
This European Central Bank (ECB) blog sheds light on the demand for a central bank digital currency (CBDC) as a means of payment, based on survey payment data. It provides a quantitative framework to assess transactional demand for CBDC at the point of sale, accommodating a wide range of design choices. Read more
EBA: Joint governance framework for the collaboration on the DPM 2.0 standard
The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) set up a Data Point Model (DPM) alliance, establishing a common governance framework for the collaboration on the DPM 2.0 Standard. Together with the establishment of a Joint Bank reporting Committee (JBRC) between the EBA and ECB, this alliance is another step in the process of building an integrated reporting system. Read more
SRB: Regular coordination exercise on cross-border resolution planning
Single Resolution Board (SRB) Chair Dominique Laboureix is taking part in the Trilateral Principal Level Exercise (TPLE) in Washington on Saturday, 20 April, joining heads of resolution, regulatory and supervisory authorities, central banks, and finance ministries of the United States, the United Kingdom, and the European Banking Union, as well as the European Commission. 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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