📝EBF Morning Brief - Tuesday 4 February 2025: Red tape is strangling UK and EU banks, while the US pulls ahead

EBF MORNING BRIEF Tuesday 4 February 2025

FROM THE MEDIA

The Banker: Red tape is strangling UK and EU banks, while the US pulls ahead

According to The Banker, increasing regulatory burdens are hindering UK and EU banks' competitiveness, while US banks are advancing. Read more

Reuters: ECB 'not quite there' with rate cuts but cautious flexibility needed, Kazimir says

Slovak policymaker Peter Kazimir indicated that while the European Central Bank aligns closer to its goal after recent rate cuts, further reductions remain plausible due to weak growth and low inflation, says Reuters. Read more

Financial Times: Swiss watchdog starts enforcement action against Julius Baer

Switzerland's financial regulator, Finma, has initiated enforcement proceedings against Julius Baer concerning its exposure to the failed property group, Signa, which resulted in a significant write-down in 2023, as mentioned in Financial Times. Read more

MAIN EVENTS

IIC, Bruegel Annual Seminar

Afore Consulting ‘9th Annual Fintech and Regulation Conference’

Council Budget Committee meeting

ECB: Euro area bank interest rate statistics (Dec 2024)

FROM EBF MEMBERS

Finance Denmark: Response to Financial Legislation Proposal

Finance Denmark has submitted feedback on a draft law affecting the financial sector. Read more (DA)

UK Finance: New Principles for Customer Vulnerability in Mortgages

UK Finance introduces new guidelines to improve support for vulnerable mortgage customers. Read more.

Association of German Public Banks: Europe’s First Unified Banking Interface – GiroAPI

Deutsche Kreditwirtschaft launches GiroAPI, a standardized banking interface for seamless connectivity. Read more (DE)

Finance Latvia: SEB Index – One-Third Report Worsening Finances

SEB’s Financial Security Index reveals a financial decline for one-third of Latvian residents. Read more (LV)

FROM THE INSTITUTIONS

European Insurance and Occupational Pensions Authority: Consultation on Revised Guidelines for Market Share Determination

EIOPA has launched a consultation on updated guidelines for determining market shares in cases of limited reporting, aiming to enhance supervisory consistency. Read more.

European Central Bank: Working Paper on Climate Policy and Inflation Expectations

A new ECB working paper explores the impact of climate policy on inflation expectations, analyzing how green transition measures influence price stability. Read more.

European Securities and Markets Authority: Survey Results on Legal Entity Identifiers

ESMA published survey results on the use of Legal Entity Identifiers (LEIs), highlighting adoption trends and challenges in regulatory reporting across financial markets. Read more.

FROM THE EBF

EBF Contributes to Critical Resource to Enhance Cooperation Between Financial Institutions and Law Enforcement

The Europol Financial Intelligence Public Private Partnership (EFIPPP) has developed a “Practical Guide for Operational Cooperation between Investigative Authorities and Financial Institutions” to facilitate the criminal law investigative authorities in contributing to operational public-private partnerships (PPPs) in the EU. Read more

New EBF Vacancy! Work with us! Deadline: 14 February

Visit our Vacancies page to learn more about the EBF Events Trainee opening. Read more

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

European Banking Federation