EBF MORNING BRIEF Monday 7 July 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 Reuters: UK shares fall amid domestic fiscal worries, looming tariff deadline UK shares dropped on Thursday as investors worried about domestic fiscal health and awaited a looming tariff deadline that could impact key sectors, reports Reuters. Read more
Financial Times: Europe needs to shrug off fear and embrace stablecoins
The FT argues that Europe should overcome regulatory fears and embrace stablecoins to strengthen its financial innovation and competitiveness. Read more Politico: The Spanish upstart who wants to shock the eurozone back to life Spain’s economy minister Carlos Cuerpo seeks to challenge EU economic orthodoxy with a bold agenda to revitalise the eurozone, writes Politico. Read more The Banker: Banks could be complicit in human rights violations in Gaza, UN report warns A UN report warns that financial institutions could be complicit in human rights violations linked to Israel’s military actions in Gaza if they support arms suppliers, notes The Banker. Read more |
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FROM EBF EU T+1 Industry Committee launches roadmap and opens consultation period for capital markets transformation The EU T+1 Industry Committee launched its roadmap today to move Europe’s securities settlement cycle to T+1 by October 2027. This change will make European capital markets more competitive and efficient by reducing settlement risk and aligning with global standards. The roadmap highlights the need for greater automation and standardisation in post-trade processes. A consultation is now open until 31 August to gather industry feedback before the implementation phase begins. Read full press release
More than 400 participants attended our “How to Improve Accessibility of Banking Services” event
On 1 July, the European Banking Federation co-hosted with AccesibleEU the event “How to Improve Accessibility of Banking Services” to mark the entry into force of the European Accessibility Act on 28 June. EU Commissioner Maria Luís Albuquerque delivered an inspiring keynote, stressing that the upcoming EU Strategy for Financial Literacy must be inclusive of all Europeans. With more than 101 million Europeans living with a disability, this is a critical milestone for inclusion across the financial sector. Read more about the event
EBF Vacancies! Work with us! Visit our Vacancies page to learn more about the opening. Read more |
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FROM EBF MEMBERS Finance Denmark: Final recommendation regarding fallback rates for CIBOR Finance Denmark's CIBOR Committee has published its final recommendation on fallback rates for CIBOR, following the consultation process. Read more Slovak Banking Association: Digitalization of account transfer applications will make it easier for clients to change banks The Slovak Banking Association reports that digitising account transfer requests will streamline the process for clients switching banks. Read more (SK) UK Finance: UK Finance publishes Mansion House submission UK Finance has submitted its recommendations to the Chancellor ahead of the Mansion House speech, outlining priorities for the financial services sector. Read more Finance Latvia: Youth LAB 2025: 164 young talents have joined SEB bank this summer Finance Latvia announces that 164 young talents have joined SEB bank this summer under the Youth LAB 2025 programme. Read more (LV) |
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FROM THE INSTITUTIONS EIOPA: EIOPA publishes biannual shifted risk-free rates for duration calculation in financial stability reporting – end-June 2025 EIOPA has published the biannual shifted risk-free rates used for calculating durations in financial stability reporting as of end-June 2025. Read more European Central Bank: Welcome address by Frank Elderson at the IMF OEDNE/World Bank Group EDS19 Constituency Meeting Frank Elderson, Member of the Executive Board and Vice-Chair of the Supervisory Board of the ECB, delivered a welcome address at the IMF OEDNE/World Bank Group EDS19 Constituency Meeting. Read more European Banking Authority: EBA Publishes Hotfix for Reporting Framework 4.1 The EBA has published a hotfix to address technical issues in its Reporting Framework 4.1 to ensure accurate data submissions by financial institutions. 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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