EBF WEEKLY + FINANCIAL REGULATION AGENDA
For the week starting Monday 10 February 2025

An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, brought to you by the European Banking Federation.

Recommend the EBF newsletters to a colleague. Click here to sign up!

FROM THE MEDIA

Politico: We Need a Draghi Report for Banking, Say EU’s 3 Biggest Countries

France, Germany, and Italy advocate for a comprehensive analysis, akin to Mario Draghi's previous work, to enhance the competitiveness of the EU banking sector. Read more.

Bloomberg: Bank of England Gives Hawkish Warning as It Cuts Rates to 4.5

The Bank of England reduced interest rates to 4.5% while signaling concerns over inflation, indicating potential caution in future rate decisions. Read more.

Reuters: Dutch bank ING's profit fall disappoints investors

Shares in ING fell by as much as 4% after CEO Steven van Rijswijk said he did not expect total annual income to grow in 2025, as the ECB continues to cut interest rates, according to Reuters. Read more

FINANCIAL REGULATION AGENDA for next week

Monday 10 February

Artificial Intelligence Action Summit

Deutsche Bundesbank ‘Turning point in money – will the euro also become digital?’ Bundesbank Forum

Deutsche Bundesbank: Navigating in Times of Change: Geopolitics, Inflation and the Economy. Bundesbank Forum

Council Horizontal Working Party on Cyber Issues

Council Working Party on Financial Services and the Banking Union (Banking Union)

Tuesday 11 February

Eurostat: Regional GDP (regional accounts) (2023) – data release

Didacta 2025 Deutsche Bundesbank presents its economic education offer

Council Budget Committee – meeting

Council Working Party of Financial Counsellors

Council Working Party on Hybrid Threats

Council Working Party on Financial Services and the Banking Union (Banking Union)

Wednesday 12 February

BIS ‘Quantum-readiness for central banks and supervisors’ conference

Coreper II – meeting

Council Working Party on Financial Services and the Banking Union (Banking Union)

ECB: Long term interest rates statistics (Jan. 2025) – data release

Thursday 13 February

Deutsche Bundesbank: When appearances are deceptive: The work of the National Analysis Center for Counterfeit Money. Bundesbank Forum

Deutsche Bundesbank ‘The German financial system after the rise in interest rates: What risks are there now? – Presentation of the Financial Stability Report 2024 Forum Bundesbank’

EIB Group day in Paris – event

EBA: Board of Supervisors meeting

Friday 14 February

Eurostat: Flash estimate GDP and employment – EU and euro area (Q4/2024) – data release

Eurostat: Business registrations and bankruptcies (December 2024 & Q4/2024) – data release

Council Working Party on Tax Questions – Direct Taxation

Council Working Party on Financial Services and the Banking Union (Banking Union)

ECB: Securities issues statistics (Jan. 2025) – data release

SAVE THE DATE!

On 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

FROM EBF

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

New EBF Position Paper! 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

New EBF Vacancies! Work with us!

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

FROM EBF MEMBERS

Luxembourg Bankers' Association: A Competitiveness Compass for the EU

ABBL presents a roadmap for simplifying financial regulations and enhancing market integration. Read more.

UK Finance: Mortgage Arrears and Repossessions in Q4 2024

UK Finance reports an increase in mortgage arrears and possessions, highlighting financial pressures on borrowers. Read more.

Association of German Banks: Which Account Models Suit Couples?

BdB provides an overview of different bank account models tailored for couples. Read more (DE).

Finance Latvia: Micro-Investment – A New Solution for First-Time Investors

Finance Latvia introduces a micro-investment tool to encourage small-scale investing. Read more (LV).

FROM THE INSTITUTIONS

European Central Bank: Interview with Isabel Schnabel on inflation and interest rates

ECB Executive Board member Isabel Schnabel discusses inflation trends, interest rate expectations, and the ECB’s approach to ensuring stable economic conditions in the euro area. Read more.

Bank for International Settlements: Speech on inflation and policy responses

In a recent speech, BIS General Manager Agustín Carstens discussed inflation dynamics and the role of central banks in maintaining price stability amid evolving economic conditions. 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