EBF MORNING BRIEF Wednesday 14 May 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 Financial Times: Can Europe finally fix its capital markets? The EU is renewing efforts to deepen and integrate capital markets through its “savings and investments union,” aiming to reduce fragmentation and better channel household savings into productive investments, writes the FT. Read more
The Banker: Italy holds firm on UniCredit’s Banco BPM bid conditions; Global banking regulators prioritise climate risk work
Italy is maintaining tough conditions on UniCredit’s Banco BPM bid, which could trigger an EU investigation; meanwhile, global regulators are advancing climate risk disclosures, writes The Banker. Read more
Politico: UK wants more say over fate of €200B in frozen Russian assets
Britain is seeking to move €200 billion in frozen Russian assets into a special fund, aiming for more control and eventual transfer to Ukraine—a plan facing resistance from some EU countries, reports Politico. Read more
Reuters: How should Norway spend its cash? Solve global problems, says citizen panel
A citizens’ panel has urged Norway to allocate part of its $1.8 trillion sovereign wealth fund to investments targeting global issues like climate change and health, even if that means accepting lower returns, reports Reuters. Read more |
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MAIN EVENTS Coreper II – meeting ESAs online workshop with ICT third-party providers: CTPP designation and the preparatory phase for the oversight framework ECB: Euro money market statistics (12-Mar-2025 / 22-Apr-2025) – data release |
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FROM THE EBF EBF Calls for Pragmatic Simplification of European Sustainability Reporting Standards The European Banking Federation (EBF) has submitted its detailed response to EFRAG’s consultation on the simplification of Set 1 of the European Sustainability Reporting Standards (ESRS). In its response, the EBF emphasizes the need for a pragmatic, principles-based approach that ensures meaningful sustainability reporting without imposing disproportionate burdens on preparers, especially within the banking sector. Read more
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FROM EBF MEMBERS Banking & Payments Federation Ireland: FIBI Report 2025 – Innovation, Governance, Regulation BPFI’s Financial Institutions and Banks in Ireland (FIBI) report explores key developments in digital innovation, regulatory priorities, and governance in Irish banking. Read more.
Czech Banking Association: Core Inflation Did Not Contribute to the April Slowdown in Headline Inflation
CBA clarifies that despite a drop in overall inflation in April, core inflation remained stable and did not drive the easing trend. Read more (CZ).
UK Finance: Financial Institutions Facing New HMRC Powers to Tackle Promoters of Tax Avoidance
UK Finance outlines what new HMRC enforcement powers mean for financial firms, as the UK tightens measures against tax avoidance schemes. Read more.
Finance Latvia: Travel Insurance – A Safety Net That Can Save Both Your Holiday and Your Budget
Finance Latvia reminds consumers of the importance of travel insurance, highlighting its role in protecting personal finances and travel plans. Read more (LV). |
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FROM THE INSTITUTIONS Basel Committee: Governors and Heads of Supervision reaffirm expectation to implement Basel III and discuss work on financial impact of extreme weather events GHOS members reaffirmed their commitment to implement the Basel III framework fully and swiftly. They also endorsed the Committee's development of a voluntary climate disclosure framework and agreed to prioritise analysis on financial risks linked to extreme weather. Read more
European Central Bank: Consolidated financial statement of the Eurosystem
As of 9 May 2025, total Eurosystem assets stood at €6.3 trillion. The weekly decline of €12.4 billion was mainly driven by lower refinancing operations and securities held for monetary policy purposes. Read more
Council of the EU: Recovery and resilience fund – Council gives green light to amended plans of the Netherlands, Portugal, Slovakia and Spain
The Council approved revised national recovery and resilience plans. Amendments address better alternatives, implementation delays, or simplification needs. Plan values remain unchanged: €5.4bn (Netherlands), €22bn (Portugal), €6.4bn (Slovakia), and €163bn (Spain). 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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For questions or suggestions contact [email protected] European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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