EBF MORNING BRIEF Wednesday 7 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 The Banker: Credit Suisse to pay $511mn to settle US tax case; Trump turmoil fuels €13bn trading surge at European banks Credit Suisse will pay $511mn and plead guilty to helping US taxpayers evade taxes, violating a prior settlement. Meanwhile, market volatility linked to President Trump’s trade policies drove a €13bn trading revenue surge at major European banks, writes The Banker. Read more
Risk.net: European investors ramp up FX hedging as ‘dollar smile’ fades
European asset managers are increasing currency hedges on US equities as the traditional “dollar smile” dynamic breaks down following Trump's tariff policy, reports Risk.net. Read more
Bloomberg: Italy Unwilling to Ease BPM Limits in Risk to UniCredit Deal
UniCredit views the conditions as creating legal risks and may withdraw its bid if the government doesn't change its mind, reports Bloomberg. Read more |
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MAIN EVENTS Wednesday 7 May International Competition Network Annual Conference Governing Council of the ECB: annual retreat hosted by Banco de Portugal (Day 2) Council Working Party on Financial Services and the Banking Union (Banking Union) ECB: Harmonised Competitiveness Indicators (Apr-2025) – data release
Thursday 8 May
Bank of England to visit Liverpool to hear the views of local people about the cost of living – event Deutsche Bundesbank, European Central Bank, Frankfurt School of Finance and Management, and Goethe University Frankfurt: Spring 2025 Frankfurt Macro Seminar Biannual half-day Bank of England: Monthly Decision Maker Panel data (April 2025) – data release Bank of England: Monetary Policy Report (May 2025) – data release Council Horizontal Working Party on Cyber Issues |
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FROM EBF MEMBERS Czech Banking Association: Sharp Slowdown in April Consumer Inflation to 1.8% Year-on-Year, Though Core Inflation Remains High CBA reports that while headline inflation fell significantly in April, core inflation in the Czech Republic remains persistently strong. Read more (CZ).
UK Finance: What You Can Still Do to Prepare for the Failure to Prevent Fraud Offence
UK Finance offers guidance on practical steps firms can take ahead of the new corporate offence coming into force in the UK. Read more.
Finance Latvia: Signet Bank Launches Third Year of “Capital Market Academy” to Support Business Financing
Finance Latvia reports that Signet Bank continues its educational initiative aimed at helping Latvian entrepreneurs explore funding options through capital markets. Read more (LV). |
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FROM THE INSTITUTIONS European Central Bank: Euro area bank interest rate statistics – March 2025 Corporate loan rates fell to 3.93%, while household mortgage rates held steady at 3.32%. Deposit rates declined slightly. Read more
Bank for International Settlements: G20 TechSprint 2025 - Trust and integrity in scalable and open finance
The BIS Innovation Hub and South African Reserve Bank launched the 2025 G20 TechSprint to crowdsource solutions for digital identity, credit data portability, and fraud mitigation in finance. Winners will be announced in November. Read more
Council of the EU: Press briefings - Economic and Financial Affairs Council of 13 May and Foreign Affairs Council (Trade) of 15 May 2025 The Council will hold off-the-record press briefings for the ECOFIN and Foreign Affairs (Trade) Councils on 8 May. Registration is required for remote participation. 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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