EBF MORNING BRIEF Wednesday 25 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
Bloomberg: ECBās Muller says October cut not excluded but data are scarce
European Central Bank (ECB) Governing Council member Madis Muller isnāt ātotallyā ruling out another interest-rate cut next month but reckons policymakers may lack sufficient data to make definitive judgments on the regionās struggling economy. āItās early to express a clear position on the interest-rate decision in October,ā he told Bloomberg. Read more
Reuters: Mergers could benefit banks and EU economy, says EU executive
Mergers could allow banks to become more resilient to shocks and to operate more efficiently and would benefit the European Union economy, the European Commission said on Tuesday as Reuters reports. Read more
The Banker: Basel III reform momentum has stalled, warns financial non-profit
The momentum behind the Basel III reforms has stalled as major jurisdictions seem to be moving away from the āmodestā achievements under the Basel III agreement, non-profit Finance Watch has warned in a new report shared by The Banker. Read more |
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MAIN EVENTS Council Horizontal Working Party on Cyber Issues Council Working Party on the Environment EBA Paving the way for the EBA data hub workshop with industry and members of the Subgroup on Analytical Tools |
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FROM EBF MEMBERS
CBA: Confidence in the economy increased in September
According to the Czech Banking Association (CBA), the economic confidence increased in September, both among households and among entrepreneurs, where growth was widespread across all monitored segments of the economy. Read more (CZ)
Finance Denmark: Information and initiatives are beginning to work against frauds
In the first half of 2024, the Danish banks registered 3,558 cases of online banking fraud. Luckily the banks stopped more than half. There are indications that initiatives and information campaigns are beginning to work. Read more (DK)
BPFI: Housing Market Monitor Q2
According to the Banking & Payments Federation Ireland (BPFI) Housing Market Monitor Q2, the demand for home purchases remains robust but increasing share of apartments may affect speed of housing delivery in 2024. Read more |
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FROM THE INSTITUTIONS
ECB: Hedge funds: good or bad for market functioning?
Hedge funds have substantially increased their trading activity in euro area government bond and repo markets. The European Central Bank (ECB) Blog evaluates how this plays out for market functioning and intermediation. Read more
BIS: Tiff Macklem: AI, the economy and central banking
The Bank for International Settlements (BIS) has shared the remarks on Artificial Intelligence (AI), the economy and central banking by Tiff Macklem, Governor of the Bank of Canada, at the National Bureau of Economic Research, Economics of Artificial Intelligence Conference in Toronto. Read more
EIOPA: Updated technical RFR documentation applicable as of 1 January 2025
The European Insurance and Occupational Pensions Authority (EIOPA) has published an updated technical documentation for calculating the risk-free interest rate term structures (RFR). 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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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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