EBF MORNING BRIEF Tuesday 1 July 2025 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: European Markets Are Becoming Increasingly Difficult to Ignore European stocks are outperforming US peers by a record margin, with the euro up 13% this year, as investors shift towards Europe amid Trump’s tariffs and EU stimulus spending, writes Bloomberg. Read more
Politico: Romania risks public blowback over push to slash EU’s highest deficit
Romania plans drastic cuts, including 20% civil servant layoffs and new taxes, to reduce its 9.3% deficit, risking public backlash and a sovereign downgrade, reports Politico. Read more
Reuters: ECB ready for 'forceful' action in world of inflation swings
The ECB pledged forceful action against large, sustained inflation deviations, acknowledging upcoming volatility and past delays in its responses, notes Reuters. Read more
The Banker: Bank of London orders staff into the office five days a week
Bank of London mandates full office attendance as it seeks stability amid £110mn in losses and a regulatory probe, while hiring executives from UBS and HSBC, writes The Banker. Read more |
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EVENTS Polish Central Bank Monetary Policy Council – meeting European Central Bank ‘Euro area seasonally adjusted HICP flash estimate’
Dataset Release Accessibility EU & EBF: “How to Improve Accessibility of Banking Services” event |
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FROM THE EBF New EBF Press Release: The EU T+1 Industry Committee finalises High-Level Road Map The EU T+1 Industry Committee has published its High-Level Road Map for the transition to a T+1 settlement cycle for securities on 11 October 2027. The roadmap contains a set of recommendations developed collaboratively by association representatives and workstream leads from various industry segments, and its technical workstreams, with broad industry representation. Read full press release EBF Vacancies! Work with us! Visit our Vacancies page to learn more about the opening. Read more |
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FROM EBF MEMBERS Lithuanian Banking Association: Five changes banks will implement under the EU Accessibility Directive LBA explains adjustments banks will make under the new directive to improve access for people with disabilities. Read more (LT)
Finance Sweden: Banks and police strengthen cooperation for more effective criminal investigations
Finance Sweden reports that Swedish banks and law enforcement are deepening collaboration to improve financial crime investigations. Read more (SV)
ABBL Luxembourg: Concrete results and extended action – ProLog Luxembourg continues its mission
ABBL presents the achievements of ProLog Luxembourg, a public-private initiative to strengthen financial sector competitiveness and innovation. Read more
UK Finance: The big AI debate – does explainability outweigh accuracy?
UK Finance explores the trade-offs between explainability and accuracy in AI models, a key challenge for financial institutions adopting AI. Read more |
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FROM THE INSTITUTIONS
Bank for International Settlements: II. Financial conditions in a changing global financial system
The BIS finds global financial markets are increasingly interconnected, with monetary policy needing to consider cross-border financial conditions. Read more.
European Securities and Markets Authority: ESMA finds improvements needed in supervision of sustainability risks and disclosures
ESMA’s review of investment managers found satisfactory compliance with sustainability rules but highlighted areas for improvement in SFDR integration and disclosures. Read more.
European Central Bank: ECB’s Governing Council updates its monetary policy strategy
The ECB reaffirmed its symmetric 2% inflation target, updated its strategy to remain fit for purpose, and will maintain all current policy tools. 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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