EBF MORNING BRIEF Tuesday 8 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: Swedish inflation picks up in June, puts more rate cuts in doubt Swedish inflation rose to 2.7% in June, driven by higher electricity and fuel prices, raising doubts over the central bank's planned rate cuts later this year, reports Reuters. Read more
Bloomberg: Donohoe to Keep Eurogroup Role to Push Currency’s Ascendancy
Paschal Donohoe is set to remain President of the Eurogroup, aiming to strengthen the euro's global role amid US dollar dominance and rising geopolitical tensions, writes Bloomberg. Read more Politico: Brussels backs off from big farm shake-up. Cuts are coming anyway. The European Commission is retreating from major reforms to the Common Agricultural Policy, yet significant budget cuts remain likely, says Politico. Read more Euronews: European spending drops as trade tensions hit consumer wallets Consumer spending in Europe fell in June as escalating trade tensions and tariff fears weakened confidence and purchasing power, reports Euronews. Read more |
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EVENTS -
Bundesbank: ‘Navigating a Shifting Economic and Political Landscape’ Invited Speakers Series – conference -
Bundesbank: Germany and Japan 2.0 ‘Addressing Common Challenges at a Global Inflection Point’ Invited Speakers Series - conference
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FROM THE 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 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 UK Finance: Enhancing operational resilience: Navigating DORA compliance UK Finance outlines key steps and insights for financial institutions to meet the EU Digital Operational Resilience Act (DORA) requirements effectively. Read more
Association of German Banks: Position paper on a legal framework that promotes AI
The Association of German Banks has published a position paper calling for a legal framework that supports innovation and safe development of AI in banking. Read more (DE)
Finance Latvia: Signet Bank Group ends Q1 with significant growth in credit portfolio and profits
Signet Bank Group ended Q1 with significant growth in its credit portfolio and profits, reports Finance Latvia. Read more (LV)
Swedish Bankers’ Association: IT security for everyone – what is being done about the continued problems with IT fraud?
The Swedish Bankers’ Association discusses persistent IT fraud issues in Sweden and sector efforts to strengthen cybersecurity for customers. Read more (SV) |
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FROM THE INSTITUTIONS
European Central Bank: Governing Council statement on macroprudential policies
The ECB urges national authorities to maintain current capital buffers and lending standards to preserve banking sector resilience amid rising geopolitical risks. Read more
Bank for International Settlements: Quantum-readiness for the financial system: a roadmap
BIS warns that quantum computing may break current encryption and urges starting the shift to quantum-safe cryptography now, noting implementation challenges and the need for agility and phased migration. Read more
Council of the European Union: Eurogroup statement on the fiscal stance for the euro area in 2026
The Council (Eurogroup) expects a broadly neutral fiscal stance in 2026 amid resilient growth and stabilising inflation, while planning prudent increases in defence spending. 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 d.rico@ebf.eu
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