EBF MORNING BRIEF    Wednesday 12 February 2025

FROM THE MEDIA

Bloomberg: US-EU talks can soften blow of tariffs, ECB’s Kazāks says

ECB policymaker Martins Kazāks stated that ongoing US-EU discussions could mitigate the economic impact of tariffs, writes Bloomberg. Read more.

MLex: UK lawmakers urged to make Lloyds publish HBOS fraud review

UK lawmakers are being called upon to pressure Lloyds Banking Group to release the full review of the HBOS Reading fraud scandal, reports MLex. Read more.
 

Reuters: UniCredit beats 2024 profit goal, vows to match result this year

UniCredit exceeded its 2024 profit target and pledged to sustain earnings in 2025 despite a challenging economic environment, according to Reuters. Read more.

MAIN EVENTS

• BIS ‘Quantum-readiness for central banks and supervisors’ conference

• Coreper II – meeting

• Council Working Party on Financial Services and the Banking Union (Banking Union)

• ECB: Long term interest rates statistics (Jan. 2025) – data release

UPCOMING EBF EVENTS

Exploring Basel III/IV: Scenarios for Financial Stability and Growth - March 5 at 4 PM

The implementation of the Basel III/IV capital reforms has become a political issue while banks are in the final straight. The balance between financial stability and competitiveness has taken over priority at a time when international relationships are being redefined. The US administration is re-evaluating its approach to the reforms, while, the UK has postponed the start of their adoption to 2027. Register to attend here
 

European Money Week - March 18 at 9 AM

FROM EBF

EU and UK Industry Joint Statement in Support of the EU-UK Financial Regulatory Forum 

Representatives from thirteen EU and UK industry associations gathered in Brussels today to exchange on key topics for the financial services sector such as markets, financial stability, sustainable and digital finance. This informal industry roundtable comes one day before the EU-UK Financial Regulatory Forum – a much-valued dialogue between EU and UK regulators on regulatory changes, promoting collaboration on financial stability, sustainability, and digitisation. EU and UK associations support a more ambitious and transparent dialogue between their regulators to help strengthen the region’s position in global financial governance. Read the full statement

Slawomir Krupa Has Been Elected Our New EBF President

The European Banking Federation (EBF) has announced the election of Mr. Slawomir Krupa as its new President. Mr. Krupa, CEO of Société Générale, will officially assume the role on 1 March 2025. He succeeds Christian Sewing, CEO at Deutsche Bank, who will conclude his two-year term at the end of February. Read more
 

New EBF Position Paper! Simplification of the EU Sustainable Finance Framework Omnibus Legislative Proposal Proposal

The omnibus simplification initiative of the EC is an opportunity to refocus on the core elements that are needed to achieve the EU environmental objectives. It is a logical step in the context of the EC’s policies and initiatives outlined in the recently published competitiveness compass. Europe’s global competitiveness and climate goals can and should go hand in hand. Read more

EBF Vacancy! Work with us! Deadline: 14 February

Visit our Vacancies page to learn more about the EBF Events Trainee opening. Read more

FROM EBF MEMBERS

Czech Banking Association: CBA News – March 2025 Edition

Finance Norway: Over 2.2 Trillion NOK in Pension Savings

Norwegian pension savings have surpassed 2.2 trillion NOK, highlighting the sector’s strong growth. Read more (NO).

FROM THE INSTITUTIONS

European Insurance and Occupational Pensions Authority: Market report on occupational pension funds

EIOPA’s latest market report highlights increased consolidation in the occupational pension fund sector and a rebound in assets under management. Read more.

European Central Bank: Blog on digital euro and financial stability

The ECB discusses how the introduction of a digital euro could enhance financial stability while ensuring a secure and efficient payment system for the euro area. Read more.

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

European Banking Federation