EBF MORNING BRIEF Monday 2 June 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: Trump says he will double steel and aluminium tariffs to 50% According to FT, Donald Trump said he would double tariffs on steel and aluminium imports from 25 per cent to 50 per cent in a fresh escalation of his global trade war. Read more
The Banker: Reporting less, knowing more: the case for smarter ESRS reforms
Science must guide the simplification of sustainability reporting to ensure credible, useful, and comparable environmental data, writes The Banker. Read more
Risk.net: Are EU banks buying cloud from Lidl’s middle aisle?
EU banks wary of US tech giants are turning to Schwarz Digits, the cloud arm of Lidl’s parent company, for homegrown digital solutions, reports Risk.net. Read more
Bloomberg: German Inflation Slows Less Than Expected With ECB Set to Cut
As Bloomber writes, German inflation slowed slightly in May but remained above expectations, keeping pressure on the ECB ahead of its next rate cut decision. Read more |
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EVENTS -
Bank of England: Money and Credit (April 2025) – data release -
Bank of England: Effective interest rates (April 2025) – data release -
UN Economic Commission for Europe ‘Expert Meeting on Statistical Data Collection and Sources’ Meeting -
Council Horizontal Working Party on Cyber Issues -
Bruegel ‘The ECB’s Digital Euro and new operational framework: is there an overlap?’ Event -
ECB: Structural Financial Indicators (2024) – data release
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S&P Global Market Intelligence & EBF Webinar
Value-added: Market valuation of EU banks at a turbulent time Join us on June 18 at 2PM CEST for the latest edition of the European Banking Federation and S&P Global Market Intelligence webinar, where experts will explore what's driving the rebound in EU bank valuations and how the sector is positioned amid consolidation, digitalization, and global uncertainty. Register here |
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FROM EBF Tackling AI-Driven Fraud Together At the BEREC External Workshop, EBF’s Alessandra Chiarini joined EU and industry leaders to call for stronger cross-sector collaboration against rising AI-powered scams. Fighting fraud demands united action from banks, telecoms, tech, and regulators. Read more Curious what it’s like to win the European Money Quiz? Hear directly from this year’s champions, Alessio Prendi and Marius Razvan Martini Cuth from Istituto Superiore Carlo Barletti in Ovada, Italy, winners of the 2024 finals in Brussels!
Watch the short clip to see what the experience meant to them EBF Vacancies! Work with us! Visit our Vacancies page to learn more about the opening. Read more |
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FROM EBF MEMBERS UK Finance: Fraud continues to pose a major threat with over £1 billion stolen in 2024 UK Finance reports that fraud losses exceeded £1 billion in 2024, underscoring the urgent need for cross-sector collaboration to protect consumers. Read more
Croatian Banking Association: HUB Analize 81 – The Contribution of Banks to Croatia’s Growth and Development
The Croatian Banking Association outlines how banks support economic expansion through lending, investment, and innovation. Read more (HR)
Danish Bankers Association: New collective agreement for Fintech
Finans Danmark announces a new agreement that sets working conditions for fintech professionals, aiming to support innovation and employment. Read more (DA)
German Banking Association: Unternehmensfinanzierung aktuell – Mai 2025 The Association of German Banks shares the latest update on corporate financing trends and challenges in Germany. Read more (DE) |
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FROM THE INSTITUTIONS
European Central Bank: ECB Consumer Expectations Survey results – April 2025
Inflation expectations for the next 12 months rose to 3.1%, while economic growth outlook worsened and credit access tightened, the ECB survey shows. Read more
European Securities and Markets Authority: ESMA urges social media companies to tackle unauthorised financial ads
ESMA calls on major platforms to prevent the spread of fraudulent financial services ads, warning of growing investor risks online. 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 [email protected] European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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