EBF MORNING BRIEF Wednesday 2 October 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
FT: Eurozone inflation dips below target to 1.8% in September
Eurozone inflation dropped to 1.8 per cent last month, dipping below the European Central Bankās (ECB's) target for the first time in three years and bolstering expectations of an interest rate cut at its next meeting, the Financial Times (FT) reports. Read more
Bloomberg: Nagel says ECB bond purchases to be limited to exceptional cases
Bundesbank President Nagel said that future purchases of government bonds by the European Central Bank (ECB) should be reserved for special cases. āThe extensive bond purchases contributed to price stability in an era of low inflation, but they were also associated with side effects in financial marketsā he said according to Bloomberg. Read more Reuters: ECB's Rehn sees more reasons for an interest rate cut in October Euroarea inflation slowing down means that there are now more reasons to justify an interest rate cut at the European Central Bank (ECB's) October policy-setting meeting, Finnish ECB policymaker Olli Rehn said in a speech reported by Reuters. Read more |
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FROM EBF MEMBERS
BdB: Working together for more protection against online fraud
Cybercrime is increasing in our digital world. Banks take this development very seriously, therefore they are constantly developing their security systems and successfully fending off cyberattacks. According to the Association of German Banks (BdB), this is why perpetrators are increasingly targeting their attacks directly at bank customers. Read more (DE)
ABBL: Response to European Commission consultation on the DAC
The Luxembourg Bankersā Association (ABBL) has recently submitted its feedback in response to the European Commissionās public consultation on the Directive on Administrative Cooperation (DAC). Read more
Finance Latvia: Uldis CÄrps takes over as head of the Financial Industry Association
Uldis CÄrps, who is a recognized international financial expert with extensive experience in the global financial and banking sector, will take over as head of the Financial Industry Association. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Luis de Guindos: Expectations surveys, central banks and the economy
The European Central Bank (ECB) has shared the welcome address by Vice-President Luis de Guindos at the 5th joint ECB, Bank of Canada and Federal Reserve Bank of New York Conference on expectations surveys, central banks and the economy. Read more
ESAs: Appointment of Director to lead DORA joint oversight
The three European Supervisory Authorities (ESAs) have appointed Marc Andries to lead their new joint Directorate in charge of oversight activities for critical third-party providers established by the Digital Operational Resilience Act (DORA). Read more
ESMA: 2025 Work Programme
ESMA has published its 2025 Annual Work Programme (AWP), which reaffirms ESMAās strategic orientation and commitment to safeguarding resilient, transparent, and sustainable European financial markets. 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
Launch of a new C-ESG Risk Roundtable report: Managing Climate Physical Risk
EBF and S&P Global Market Intelligence: The Future of Instant Payments: Challenges and Strategies in Europe
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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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