EBF WEEKLY + FINANCIAL REGULATION AGENDA
For the week starting Monday 19 May 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.
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FROM THE MEDIA
The Banker: How climate risk will reshape banking in Europe
The ECB is enforcing climate risk integration across banks’ governance and capital planning, but data and modelling challenges persist. Institutions that go beyond compliance are likely to see strategic advantages, reports The Banker. Read more
Bloomberg: ECB’s Guindos Warns Financial System Still Facing Trade Risk
ECB Vice President Luis de Guindos warned that trade-related disruptions could still threaten financial stability in the euro area, despite the system's current resilience, reports Bloomberg. Read more
Politico: Commission floats digital levy to repay post-Covid debt The European Commission is considering a digital tax to help repay €350bn in common debt, a move that could strain ties with the U.S. as trade talks remain uncertain, writes Politico. Read more
Risk.net: EU banks want the cloud closer to home amid tariff wars
European banks are seeking to reduce reliance on U.S. cloud providers due to concerns over potential tariff escalations, highlighting geopolitical risk in financial IT infrastructure, reports Risk.net. Read more |
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FINANCIAL REGULATION AGENDA for next week
Monday 19 May
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ECB: Euro area seasonally adjusted HICP (Apr 2025) – data release
Tuesday 20 May
Wednesday 21 May
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Council Horizontal Working Party on Cyber Issues -
CPDP conference on data protection, privacy and AI (EO’R) -
Internet Forum ‘A Union of Skills: Moving the needle on AI and Cyber Skills’ event
Thursday 22 May
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EBF: European Money Quiz - welcome day - event
Friday 23 May
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EBF: European Money Quiz -event -
Council Horizontal Working Party on Cyber Issues -
ECB: Euro Area Indicator of Negotiated Wage Rates (Q1 2025) – data release
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FROM THE EBF
A week to go until the European Money Quiz (EMQ) 2025 finals in Brussels!
On 22–23 May, a new generation of youngsters will be getting ready to master their financial skills and compete for the European championship title in the grand finale of Europe’s biggest financial literacy competition for teenagers. Read more
New EBF Vacancies! Work with us! Visit our Vacancies page to learn more about the opening. Read more |
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FROM EBF MEMBERS Luxembourg Bankers' Association: AI Governance in the Financial Sector – Clarity, Collaboration and Compliance ABBL outlines key principles for responsible AI use in finance, calling for common standards and sector-wide coordination. Read more.
UK Finance: CMORG AI Taskforce Publishes AI Guidance
UK Finance supports the release of AI guidelines developed by the UK’s AI taskforce, aimed at helping firms navigate AI risks and opportunities. Read more.
German Banking Associations (BdB & VÖB): EU Retail Investment Strategy – Good Intention, But Misses the Mark
BdB and VÖB critique the European Commission’s Retail Investment Strategy, warning that it risks overregulation and could deter retail investors. Read more (DE)
Finance Finland: Growth Strategy With Potential Falls Short in Execution
Finance Finland warns that the Finnish government's growth strategy lacks implementation clarity, despite a strong foundation. Read more (FI). |
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FROM THE INSTITUTIONS European Central Bank: Luis de Guindos – Financial stability in the euro area In a speech at the ISDA Annual General Meeting, ECB Vice-President Luis de Guindos addressed financial stability in the euro area, highlighting market dynamics and risks relevant to the derivatives sector. Read more
BIS: OTC derivatives statistics
The BIS released updated data on OTC derivatives, covering notional amounts, market value, credit exposures, and concentration indicators for major asset classes. The data reflects consolidated global reporting and includes estimates for non-reporting jurisdictions. Read more
EIOPA: EIOPA surveys European insurers on their use of generative AI
EIOPA has launched a survey to assess how insurers across the EU are using generative AI, focusing on current adoption, future plans, and governance frameworks. The results will support supervisory practices and consumer protection. 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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