EBF MORNING BRIEF Wednesday 4 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. Recommend the EBF newsletters to a colleague. Click here to sign up! |
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FROM THE MEDIA Bloomberg: Cuts set to become trickier once key rate falls to near 3% Decisions at the European Central Bank (ECB) are set to get a lot more contentious once interest rates fall to about 3% and clashes emerge over what’s still needed to keep inflation in check, according to what people familiar with the matter told Bloomberg. Read more The Banker: Why banks need to embrace quantum technology Imagine being able to more accurately predict financial crises, improve trading outcomes, or increase fraud detection while decreasing the energy usage of large language models. Despite the ‘myths’ around it, quantum technology is moving closer to solving complex financial problems, The Banker reports. Read more S&P Global Market Intelligence: BBVA's hostile bid for Sabadell faces uncertain path amid pushback Spanish banking giant Banco Bilbao Vizcaya Argentaria SA's hostile bid to acquire domestic rival Banco de Sabadell SA faces a fight to survive intact ahead of decisions by Spanish competition authorities and the country's government to approve the deal. According to S&P Global Market Intelligence, the Spanish National Markets and Competition Commission (CNMC), which could block or impose changes to the deal, is expected to deliver its verdict on the tie-up in the coming weeks. Read more |
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MAIN EVENTS Council Horizontal Working Party on Cyber Issues Council Working Party on the Environment |
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THIRD 2024 BANKING ESSENTIALS WEBINAR The Future of Instant Payments: Challenges and Strategies in Europe Wednesday 25 September 2024 | 3:30 - 4:30 PM (CET) |
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| European banks are currently navigating the complex world of instant payments, a sector that has seen rapid growth and significant regulatory attention. As interest rates rise, the implications for payment systems and their regulation become increasingly important. This webinar will provide a deep dive into the instant payment regulations that are shaping the European financial landscape, offering a clear understanding of the rules and their impact on banking operations. The EBF will be represented by Christophe Bonte, Senior Policy Adviser for Payments & Innovation, who will introduce the topic and open the panel. Register now to gain insights into future market developments in the instant payments sector, as well as the challenges and opportunities ahead. |
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FROM EBF MEMBERS BdB: Dangerous gaps in financial education For many Germans, the world of finance is like a minefield that is best avoided. A representative survey of the population by the Association of German Banks (BdB) shows that a large proportion of those surveyed do not pay enough attention to their finances and do not understand important terms. Read more (DE) FBF: The Lot-et-Garonne Banking Committee has a new president The Banking Committee of the French Banking Federation (FBF) Lot-et-Garonne has elected Sylvian Durix as its president for a two-year term. Read more (FR) Finance Latvia: Credit card or debit card? There are different types of payment cards. Luminor Bank's financial expert Ekaterina Ziniča explains the differences between credit cards and debit cards and what are their advantages and disadvantages. Read more (LV) |
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FROM THE INSTITUTIONS ECB: Euroarea bank interest rate statistics: July 2024 The European Central Bank (ECB) has published the Euroarea bank interest rate statistics of July 2024. The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, remained broadly unchanged. Read more ESMA: Publication of a Discussion Paper The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published a Discussion Paper on the Call for advice on the investment firms prudential framework. Read more EIOPA: Leveraging insurance to shore up Europe’s climate resilience The extreme weather events of the past few years have shown that no region is safe from the harmful effects of a changing climate. According to European Insurance and Occupational Pensions Authority (EIOPA), the recent natural catastrophes are not isolated incidents but a feature of a new climate reality. 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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