EBF MORNING BRIEF Monday 17 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 The Banker: Smaller EU banks face T+1 transition risk, say experts Experts warn that smaller European Union banks may face significant challenges in transitioning to a T+1 settlement cycle, which could impact their operations and liquidity management, reports The Banker. Read more.
MLex: Expectations for authorized fund applicants issued by UK FCA
The UK Financial Conduct Authority has released new guidelines outlining its expectations for authorized fund applicants, aiming to enhance transparency and compliance in the fund authorization process, reports MLex. Read more.
Bloomberg: Orcel Faces Fresh Opposition From Merz in Chase for Commerzbank
UniCredit CEO Andrea Orcel faces renewed political resistance in his pursuit of Commerzbank, writes Bloomberg. Read more. |
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EVENTS The Central Bank Payments Conference Council Horizontal Working Party on Cyber Issues Council Working Party on Tax Questions – Direct Taxation |
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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
EU and UK Industry Joint Statement in Support of the EU-UK Financial Regulatory Forum
Representatives from 13 EU and UK industry associations met in Brussels to discuss financial stability, markets, and sustainable and digital finance. The roundtable preceded the EU-UK Financial Regulatory Forum, highlighting the need for a stronger, more transparent regulatory dialogue to enhance 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
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 Vacancies! Work with us!
Visit our Vacancies page to learn more about EBF's openings. Read more |
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FROM EBF MEMBERS UK Finance: Banking on Artificial Intelligence UK Finance explores how AI is transforming banking, from fraud prevention to customer service. Read more.
Hellenic Bank Association: February 2025 Market and Banking Developments
HBA provides insights into recent economic and financial trends in Greece. Read more (EL).
Finance Latvia: Romance Scams Cost Victims an Average of €14,000
Finance Latvia warns of rising fraud cases where scammers exploit emotional connections. Read more (LV).
Finance Norway: A Bolder, Simpler, and More Efficient Union Finance Norway highlights the need for a more streamlined and effective European financial system. Read more (NO). |
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FROM THE INSTITUTIONS European Securities and Markets Authority: ESMA launches a Common Supervisory Action with NCAs on Compliance and Internal Audit Functions. ESMA, in coordination with national competent authorities, has initiated a Common Supervisory Action to assess compliance and internal audit functions within financial firms. Read more.
European Central Bank: Working paper on climate change policies and technologies: diffusion and interaction with institutions and governance
An ECB working paper examines how climate change policies and the adoption of sustainable technologies interact with institutions and governance, influencing economic and financial stability. 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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