EBF MORNING BRIEF Tuesday 20 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 Euronews: Spring 2025 economic forecast: How much will Trump’s tariffs hinder EU growth? According to Euronews, The EU cut its growth forecast due to U.S. trade tensions, with exports and Germany’s economy dragging, though modest recovery is expected by 2026. Read more
Financial Times: Sweden: a socialist paradise overflowing with billionaires
Sweden’s surge in billionaire wealth, largely inherited and lightly taxed, risks triggering political and social unrest, writes the FT. Read more
Politico: Macron announces €20B of fresh foreign investment amid economic turmoil
Macron is celebrating record foreign investment in France, securing €20 billion in deals to boost growth and showcase the country's business appeal, reports Politico. Read more |
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FROM EBF Less is More Report in Milan The "Less is More Report – Proposals to Simplify and Improve European Rule-Making in the Financial Services Sector," first presented at the European Parliament on April 30, will be discussed in Milan on May 20 at the Catholic University of the Sacred Heart, where our CEO Wim Mijs will join prominent speakers including Giovanni Sabatini, Filippo Annunziata, Concetta Brescia Morra, Stefano Capello, and Denis Nesci. Discover more EBF Board Highlights - A competitiveness and growth regulatory mindset for Europe’s banks As global dynamics shift, Europe must secure growth, prosperity, and safety. The EU needs an €800 billion annual investment gap and another €800 billion by 2030 for security and defense. The European Commission’s Competitiveness Compass focuses on three priorities: boosting innovation, accelerating decarbonisation and competitiveness, and reducing strategic dependencies. Read more
EBF Vacancy! Work with us!
Visit our Vacancies page to learn more about the opening. Read more |
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FROM EBF MEMBERS Association of Cyprus Banks: EBF CEO Wim Mijs to Attend Annual General Assembly in Cyprus Wim Mijs will visit Cyprus for the Association’s General Assembly on 12 June, meeting with key banking and economic stakeholders. Read more (EL).
Luxembourg Bankers' Association: Postponement of the New Universal Payment Form (TUP)
ABBL announces that the implementation of Luxembourg’s new universal payment form (TUP) will be postponed to allow more preparation time for stakeholders. Read more.
UK Finance: Drive profitability and sustainability: an approach to support net-zero banking
UK Finance presents a systems-thinking framework to help banks align profitability and business models with long-term climate goals. Read more.
Finance Latvia: Magnetiq Bank Becomes First Latvian Bank to Join Polish-Latvian Chamber of Commerce
Finance Latvia highlights Magnetiq Bank’s entry into the bilateral chamber, reinforcing its commitment to international business cooperation. Read more (LV). |
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FROM THE INSTITUTIONS European Central Bank (ECB): Interview with Christine Lagarde, President of the ECB In today's uncertain times, European integration is needed more than ever, President Christine Lagarde tells La Tribune Dimanche. European leaders have to seize this opportunity and speed up the process of deepening our union. Read more
European Securities and Markets Authority (ESMA): Consultation on the Guidelines on supplements which introduce new securities to a base prospectus Monday, 19 May was the deadline to submit comments on ESMA’s consultation paper, which focused on base prospectuses and targeted issuers, advisors, and market participants. Read more
European Insurance and Occupational Pensions Authority (EIOPA): Clearer, and more consumer-friendly information is needed to prevent the ‘illusion of being insured’ for natural catastrophe coverage, EIOPA study finds
EIOPA finds that unclear insurance disclosures leave many consumers uncertain about natural catastrophe coverage, worsening protection gaps amid rising climate risks. 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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