EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 15 July 2024 An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, 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: ECB to go slow on rate cuts as elections feed risks
The European Central Bank (ECB) will take a measured approach to lowering interest rates as political upheaval opens up a litany of risks to inflationās return to 2%, according to a Bloomberg survey of analysts. Read more POLITICO: Draghiās EU competitiveness plan set to be delayed Mario Draghiās long-awaited report on how to make the European Unionās economy more competitive is now likely to be delayed until September. According to Politico, Von der Leyen likely wonāt have time to focus on the report until after the summer as sheās so focused on winning her second term. Read more
Risk.net: Banks cry foul over shock decision from Basel Committee
Video-assisted refereeing has been a hot topic in football in recent years. The sportās governing bodies maintain it is essential to ensuring fair play. Yet many supporters say the increased monitoring disrupts the flow of matches and changes the nature of the game for the worse. International banks now find themselves taking a similar stance to these supporters, as they try to deal with more stringent monitoring of their loan and deposit books, Risk.net reports. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 15 July
Council Working Party on the Environment Tuesday 16 July Wednesday 17 July Council Horizontal Working Party on Cyber Issues Council Working Party on the Environment Thursday 18 July Council Working Party on the Environment Governing Council of the ECB monetary policy meeting Friday 19 July Council Working Party on the Environment |
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FROM EBF MEMBERS BPFI: Women in Finance Charter report The Banking and Payments Federation Ireland (BPFI) welcomes the publication of the second annual report of the Women in Finance Charter which shows that the proportion of women across senior levels at financial services firms has been steadily increasing. Read more Finance Latvia: How much people are willing to spend on a new home Almost 45% of the population plan or would like to change their current place of residence. The majority of respondents are ready to spend up to 100,000 euros for a new apartment, and up to 150,000 euros for a private house. Read more (LV)
AAB: 2023 Annual Report
The Albanian Association of Banks (AAB) published the Annual Report for 2023. It presents the activity of AAB during the past year, which focused on the development of digital projects, with an increased attention to cyber security. Read more (SQ) |
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FROM THE INSTITUTIONS
ECB: Banksā digitalisation and related risks
Our assessments of banksā digitalisation activities show that banks have good practices to assess both digital opportunities and risks, says European Central Bank (ECB) Supervisory Board member Elizabeth McCaul. However, many banks still need to define and execute adequate digitalisation strategies. Read more
ESAs: Report on the use of behavioural insights in supervisory and policy work
The three European Supervisory Authorities (ESAs) published a joint report following their workshop on the use of behavioural insights by supervisory authorities in their day-to-day oversight and policy work. Read more ESMA: 2024 ESEF Reporting Manual The European Securities and Markets Authority (ESMA) published the update of its Reporting Manual on the European Single Electronic Format (ESEF) supporting a harmonised approach for the preparation of annual financial reports. 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.
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