EBF MORNING BRIEF Wednesday 19 February 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: Top European Central Bankers Push for Simpler Rules for Lenders
Leading European central bankers advocate for streamlined regulations to alleviate burdens on banks, reports Bloomberg. Read more.
Financial Times: Deutsche Bank went on hiring spree while failing to deliver on costs
Deutsche Bank increased its workforce over the past three years, undermining CEO Christian Sewing’s initial job-cutting efforts, reports the Financial Times. Read more.
The Banker: UK Supreme Court rejects government attempt to intervene in car finance case; UniCredit says it may drop Banco BPM bid
The UK Supreme Court dismissed the government's attempt to intervene in a car finance lawsuit, and UniCredit indicated it may withdraw its bid for Banco BPM, reports The Banker. Read more. |
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MAIN EVENTS -
Eurostat: Balance of payments (December 2024) – data release -
ECB: Governing Council of the ECB: non-monetary policy meeting -
DIGITALEUROPE-NATO ‘Shaping the Future of Digital Defence’ event -
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European Internet Forum ‘Cyber resilience of European healthcare: readiness of the sector’ breakfast debate -
Council Financial Services Committee (FSC) – meeting -
Council Working Party on Information Exchange and Data Protection (DAPIX) -
ECB: Euro area investment fund statistics (Q4 2024) – data release -
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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 Join us at the EBF Premises for the 11th edition of European Money Week, themed "From Financial Literacy to European Legacy: Building Financially Resilient Generations." This year's event highlights the importance of equipping citizens with the knowledge and skills necessary for a stronger financial future. Read more and register here |
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FROM EBF
Call for Tender: EU-funded project “Shaping generative AI for a sustainable and fair services economy”
Connect Europe, European Banking Federation and UNI Europa are commencing an EU-funded project “Shaping generative AI for a sustainable and fair services economy”. Read more.
New EBF Vacancy! Work with us!
Visit our Vacancies page to learn more about the opening. Read more |
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FROM EBF MEMBERS UK Finance: Transforming Third-Party Risk Management in Financial Services and Insurance UK Finance explores how financial institutions can enhance third-party risk management by leveraging technology, improving resilience, and strengthening regulatory compliance. Read more.
Swedish Bankers' Association: National Championship in Personal Finance for Secondary School Students 2025
Sweden launches its 2025 personal finance championship for secondary school students, promoting financial literacy among young people. Read more (SV).
Finance Norway: A Guarantee for a Trust-Based Society
Finance Norway highlights the financial sector’s role in maintaining trust and security in the economy through effective regulation and responsible practices. Read more (NO). |
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FROM THE INSTITUTIONS European Insurance and Occupational Pensions Authority: ESAs provide a roadmap towards the designation of CTPPs under DORA The European Supervisory Authorities (EBA, EIOPA, and ESMA) have outlined a roadmap for designating critical third-party providers (CTPPs) under the Digital Operational Resilience Act (DORA), aiming to enhance financial sector resilience. Read more.
European Central Bank: Working paper on bank transparency and market efficiency
Banks that disclose supervisory capital requirements benefit from 11.5% lower funding costs on average, with safer banks seeing reductions of up to 31.1%. The study concludes that supervisory transparency enhances market efficiency and risk assessment. Read more.
European Securities and Markets Authority: ESMA proposes guidelines on product supplements
ESMA has published proposed guidelines on product supplements to improve clarity and consistency in financial product disclosures across the EU. 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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