EBF MORNING BRIEF Wednesday 25 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: Spain blocks BBVA from merging with Sabadell for at least three years The Spanish government has imposed a three-year restriction on BBVA’s merger with Sabadell, even if its hostile takeover bid succeeds, citing the need for operational autonomy. BBVA’s chair has called the measure “illegal,” raising the prospect of legal confrontation with Madrid. Read more
Politico Europe: German finance minister says he’s ‘confident’ fiscal expansion won’t run afoul of EU rules
Germany’s finance minister Lars Klingbeil defended record post-austerity borrowing and €86bn in defense spending, expressing confidence that it complies with EU deficit rules despite ongoing talks with the Commission. Read more
The Banker: More lay-offs likely as Santander UK outsources financial crime team to KPMG
Santander UK will transfer 67 financial crime roles to KPMG, with the latter planning to move jobs overseas. The CWU union warned of weakened service standards and called for core banking functions to remain in-house. Read more Risk.net: Bank of England urged to rethink HHI concentration risk add-on UK banks have urged the BoE to revise its use of the Herfindahl-Hirschman Index in assessing credit concentration risk under Pillar 2A, with critics arguing the methodology overlooks key risk dimensions. Read more |
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MAIN EVENTS -
Council ‘Working Party on Information Exchange and Data Protection (DAPIX)’ Meeting -
Swiss National Bank: Quarterly Bulletin 2/2025 (Report and SNB data portal) – data release -
Governing Council of the ECB: non-monetary policy meeting -
Coreper II ‘Informal Permanent Representatives Committee’ – meeting -
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Amazon Academy ‘Strengthening Consumer Trust in the Single Market’ event -
Bank of England: ‘Transforming monetary policy – How should we think about uncertainty and risks?’ Conference -
Bruegel ‘AI and the energy sector: navigating a two-way transformation’ Seminar -
European Parliament ‘Committee on Security and Defence’ Ordinary meeting -
WTO ‘Committee on Technical Barriers to Trade’ Meeting -
ECB ‘General Council meeting’
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FROM THE EBF EBF Vacancies! Work with us! Visit our Vacancies page to learn more about the opening. Read more |
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FROM EBF MEMBERS Association of Public Banks in Germany: Promoting Practical IT Requirements for Security and Resilience In its new position paper, VÖB calls for improvements to the regulatory framework established by DORA, CRA, and NIS2, arguing for better law-making processes and clearer delegated acts to enhance cyber resilience in the financial sector. Read more (DE)
Luxembourg Bankers’ Association: Reinforcing investor protection – New edition of ABBL’s MiFID II Guidelines
ABBL has published an updated version of its MiFID II guidelines to enhance investor protection, offering detailed insights and clarifications for the financial sector. Read more
Czech Banking Association: CBA’s tips – How to pay smart, advantageously and above all safely, even on holiday abroad The Czech Banking Association shares practical tips for secure and efficient payments while travelling, including advice on card use, exchange rates, and digital tools. Read more (CS)
Swiss Bankers Association: Financing options for Switzerland’s nature transition
The Swiss Bankers Association presents financing solutions to support Switzerland’s shift towards nature protection and sustainability, emphasizing the role of private capital. Read more |
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FROM THE INSTITUTIONS European Central Bank: Consolidated financial statement of the Eurosystem as at 20 June 2025 The Eurosystem’s net foreign currency position slightly decreased to €342.5 billion. Open market operations and standing facilities fell by €31.4 billion, while base money increased to €4,464.9 billion. Read more
Bank for International Settlements: III. The next-generation monetary and financial system
Tokenisation could transform the monetary system by improving cross-border payments and market infrastructure. BIS argues only central bank-based tokenised platforms can meet standards of singleness, elasticity, and integrity, unlike stablecoins. 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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