EBF MORNING BRIEF  Thursday 22 May 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.Â
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FROM THE MEDIA  Bloomberg: EU Unveils Plan to Reinvigorate World’s Second-Biggest Market The European Commission has announced a strategy to deepen integration in the single market, aiming to cut €400 million in annual costs and boost growth amid trade tensions with the US, reports Bloomberg. Read more
The Banker: HSBC UK says cyber security now its biggest business cost; Bloomberg terminal suffers outage
HSBC UK’s CEO told lawmakers cyber security has become the bank’s largest expense, costing hundreds of millions of pounds annually amid relentless digital threats. Meanwhile, Bloomberg terminals faced major outages disrupting trading activity, writes The Banker. Read more
Politico: Keep some cash under your mattress, says Dutch central bank
The Dutch central bank advised households to hold €70 per adult and €30 per child in cash to prepare for emergencies like cyberattacks that could disrupt electronic payments, reports Politico. Read more |
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EVENTS Â Thursday 22Â May -
EBF: European Money Quiz - welcome day - event
Friday 23 May
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EBF: European Money Quiz -event -
Council Horizontal Working Party on Cyber Issues -
ECB: Euro Area Indicator of Negotiated Wage Rates (Q1 2025) – data release
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THE EUROPEAN MONEY QUIZ 2025 IS COMING TO BRUSSELS ON 22 & 23 MAY 2025! The European Money Quiz,  Europe’s biggest competition aimed at improving financial literacy among 13–15-year-old students, is coming to Brussels! This Thursday and Friday, the European Banking Federation will welcome sixty national champions from thirty countries to Brussels for the European finals of the European Money Quiz. Find out more about the EMQ
We’ve teamed up with TCS for this special occasion. Here’s a message from them:
TCS is supporting once again the European Money Quiz event to help improve Financial literacy in Europe. TCS runs multiple programs to advance Innovation and Digital ambitions. One such program is TCS’s goIT (go Innovate Together) which is a global digital innovation and career readiness initiative that equips students with the skills, confidence, and mindsets necessary to pursue careers of the future. By empowering students to use human-centered design and technology to solve real-world problems, goIT fosters creativity, critical thinking, and collaboration. Financial literacy is an essential skill for success in today’s economy, and themes such as budgeting, saving, digital banking, responsible spending, and the basics of credit have already been successfully integrated into goIT programs around the world. These topics can be seamlessly embedded by tailoring the program’s theme to focus on financial innovation, aligning with the United Nations Sustainable Development Goals, particularly Goal 1: No Poverty, by encouraging students to create tech-enabled solutions that promote financial inclusion and economic empowerment. The program also provides natural opportunities for industry experts to speak with students or lead mini-lessons, offering insight into relevant financial topics and reinforcing real-world connections. Find out more about goIT. |
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FROM EBF MEMBERS  UK Finance: DORA Deadline Has Passed – Now What? UK Finance outlines next steps for firms following the 17 January DORA deadline, emphasising the importance of continuous testing, third-party oversight, and cross-border alignment. Read more.
Lithuanian Banking Association: Expanding Access to Financial Services – Not Just Banks, But Credit Unions Too
LBA highlights how both banks and credit unions are working to ensure access to financial services in underserved regions. Read more (LT).
Finance Latvia: Citadele Introduces Digital Savings Tool With 3% Rate – Now Also Available for Children
Citadele Bank launches a digital savings tool across the Baltics, offering a 3% rate and making it accessible to young savers as well. Read more (LV).
Hungarian Banking Association: EBF Board Discusses Competitiveness and Smarter Regulation in Warsaw
At its 16 May meeting, the EBF Board stressed that a competitive EU needs a banking sector empowered to finance innovation, defence, and sustainability. EBF President Slawomir Krupa called for less defensive policymaking and a shift toward growth. Read more (HU) |
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FROM THE INSTITUTIONS Â European Securities and Markets Authority: ESMA asks input on the retail investor journey ESMA has launched a Call for Evidence to gather stakeholder input on how retail investors engage with investment services under MiFID II, focusing on barriers, disclosure, and investor protection. Read more
European Central Bank: Rapidly shifting geopolitical environment could test euro area financial stability
The ECB warns that rising trade tensions and geopolitical uncertainty could increase financial volatility, credit risk, and fiscal pressures across the euro area, according to its May 2025 Financial Stability Review. Read more |
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ABOUTÂ THEÂ 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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