EBF WEEKLY + FINANCIAL REGULATION AGENDA
for the week starting Monday 21 October 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
Financial Times: ECB lowers rates to 3.25%
The European Central Bank has cut interest rates by a quarter-point to 3.25 per cent, amid signs that growth and inflation in the Eurozone are weakening, Financial Times reports.
Read more
Risk.net: EU banks hedge net interest income to pass new IRRBB test
According to Risk.net European banks are stepping up their preparations for some challenging exams later this year. But what if the steps they take to improve their scores today end up harming their performance in the future? Read more
Reuters: IMF agrees deal to support Serbia's economic reforms
The International Monetary Fund (IMF) has reached a 36-month deal with Serbia to help support its economic reforms, the IMF said on Wednesday, in a move that could make it easier for the Balkan country to secure lending from other sources, writes Reuters. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 21 October
Deutsche Bundesbank: āIntroduction to cash managementā course Deutsche Bundesbank āDigital Euro ā What can it do, what does it bring?ā panel discussion Council Working Party on Financial Services and the Banking Union (Financial Services) Tuesday 22 October Deutsche Bundesbank research workshop on āNumerical Methods in Macroeconomicsā Eurostat: Government debt (Q2/2024) Eurostat: Government deficit (Q2/2024) Deutsche Bundesbank: The digital future of payment: What trends await us? Council Working Party on Financial Services and the Banking Union (Financial Services) Wednesday 23 October Atlantic Council: European Central Bank President Christine Lagarde on Europeās economic outlook Deutsche Bundesbank āThe Invisible Threat: Security of Critical Infrastructures in the Digital Ageā forum Thursday 24 October Council Working party on Tax Questions (High Level) Council Working Party on Financial Services and the Banking Union Council Working Party on Information Exchange and Data Protection (DAPIX) Friday 25 October |
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FROM EBF MEMBERS Slovak Banking Association (SBA): Mortgage activity slowed in September Banks and building societies granted mortgage loans worth more than CZK 24 billion in September, of which almost CZK 20 billion were actually new loans, reports our member in Slovakia, the Slovak Banking Association (SBA). Read more
Finance Finland: "Europe Needs People's Capitalism ā Finland's Pension Savings Decisions Go Against the Current"
The opportunities for citizens to save and investāand their willingness to do soādirectly impact the economic condition of society as a whole, writes our Finnish members, Finance Finland. Read more (FI)
Hungarian Banking Association: The Bank Blood Donors' Week is celebrating its fifth anniversary! This marks the beginning of a sector-wide collaboration once again.
The Hungarian Banking Association is organizing the 5th annual Bank Blood Donor Month from October 8 to November 8, 2024. This initiative will involve over 20 blood donation sites, encouraging bank employees to donate blood, writes our Hungarian member, the Hungarian Banking Association. Read more (HU) |
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FROM THE INSTITUTIONS
ECB: Monetary policy decisions (Press release)
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate ā the rate through which the Governing Council steers the monetary policy stance ā is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, writes the ECB's press release. Read more
ESMA: The European Supervisory Authorities share highlights from the 2024 Joint Consumer Protection Day in Budapest
On 3 October, the three European Supervisory Authorities (ESAs) ā the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) ā organised the 11th edition of their annual Consumer Protection Day, in Budapest. Read more
EP: EP leaders adopt calendar for Commissioners-designate hearings
The hearings will take place from 4 to 12 November. After the consultation of committee chairs, the European Parliament President and political group leaders adopted the detailed schedule of which Commissioner-designate will be heard by which committees and at which time slot, as indicated on the EP's website. 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
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