EBF MORNING BRIEF Thursday 12 June 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 Financial Times: Gold overtakes euro as global reserve asset, ECB says Gold has surpassed the euro as the second-largest reserve asset held by central banks, driven by record purchases and geopolitical concerns, according to the ECB. Read more
Bloomberg: European Banks With Russian Units Help Keep Natural Gas Flowing
Some European banks still operating in Russia are facilitating energy payments and helping authorities monitor financial flows, reports Bloomberg. Read more
Politico: EU puts Monaco on money laundering blacklist
Monaco and Venezuela have been added to the EU's high-risk list for money laundering, while the UAE and Gibraltar were removed, reports Politico. Read more
The Banker: Austria and other EU countries move to ensure access to cash
Austria and Nordic countries are introducing measures to maintain cash access amid EU delays on legal tender protections, writes The Banker. Read more |
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EVENTS Thursday 12 June -
Council ‘Horizontal Working Party on Cyber Issues’ Meeting -
Deutsche Bundesbank ‘International Conference on Payments and Securities Settlement Data and Information’ -
ECB: Long term interest rates statistics (May-2025) – data release
Friday 13 June
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Bank of England, Ipsos: Inflation Attitudes Survey (May 2025) – data release -
Council ‘Horizontal Working Party on Cyber Issues’ Meeting
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EBF Calls for Pragmatic Simplification of Sustainable Finance Disclosure Regulation The European Banking Federation (EBF) has submitted its detailed response to the European Commission’s call for evidence on the review of the Sustainable Finance Disclosure Regulation (SFDR). The EBF welcomes the upcoming revision of the SFDR to strengthen the effectiveness of the regulation and emphasises the need for a pragmatic approach with a particular focus on the needs of retail investors, defining simpler and more meaningful disclosures. Read more
The next EBF–S&P Global Market Intelligence webinar will take place on 18 June 2025 at 2:00 PM CEST! The Banking Essentials Series will this time focus on Europe's banks. Speakers, Guy Stebbings, CFA (BNP Paribas), Johann Scholtz (Morningstar), and Mohsin Ali Khan (S&P Global Market Intelligence), will discuss how EU banks are likely to perform amid tariffs and market volatility. The webinar will be moderated by Gonzalo Gasós, EBF’s Senior Director for Prudential Policy and Supervision. Register for the webinar |
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FROM EBF MEMBERS Luxembourg Bankers' Association: The ABBL pushes for proportional AML rules in EU consultation process The ABBL advocates for tailored anti-money laundering measures, emphasizing proportionality and efficiency to better serve Luxembourg’s financial sector. Read more
UK Finance: Fraud moves fast – can agentic AI keep up?
UK Finance explores how agentic AI could enhance fraud detection and prevention, particularly by improving real-time response capabilities. Read more
Association of German Banks: Ten-point plan for modern third-party risk management
BdB outlines a structured approach for managing third-party risks in the financial sector, calling for harmonised standards and clearer responsibilities. Read more (DE)
Lithuanian Banking Association: Why children repeat their parents’ financial mistakes and how to break the cycle
LBA shares expert insights into financial behaviour patterns passed across generations and the educational steps to change them. Read more (LT) |
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FROM THE INSTITUTIONS European Central Bank: International use of the euro broadly stable in 2024 The euro retained its position as the world’s second most used currency, with a stable 19% share across international indicators. The ECB highlights the need for rule of law and progress on a digital euro to strengthen its global role. Read more
Bank for International Settlements: Liquidity requirements and liquidity facilities
Fernando Restoy proposed a tiered framework integrating liquidity coverage ratios with access to central bank facilities, aiming to enhance banks' resilience without compromising business models. 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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