EBF MORNING BRIEF Thursday 6 March 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: Top 100 Digital Banks Ally Financial leads with $196 billion in assets, followed by Synchrony Bank, highlighting North America's dominance in neobank profitability, writes The Banker. Read more.
Financial Times: German borrowing costs soar by most since 2008 on 'historic' debt deal
Germany's borrowing costs surged as investors reacted to increased funding for military and infrastructure projects, reports the Financial Times. Read more.
Risk.net: Clearing members welcome LME default fund cap
Clearing members support LME Clear's decision to cap its default fund, reinforcing the defaulter-pays principle, reports Risk.net. Read more. |
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EVENTS Thursday 6 March Deutsche Bundesbank: AI – Hype, facts and possible outcomes Bundesbank Forum – event Deutsche Bundesbank: The digital Euro: the money of the future? Bundesbank Forum – event Bank of England: Monthly Decision Maker Panel data (Feb. 2025) – data release Special European Council – meeting Council Working Party on Telecommunications and Information Society Council Working Party on Financial Services and the Banking Union (Banking Union) ECB: Harmonised Competitiveness Indicators (Feb. 2025) – data release Bruegel ‘Prospects for reducing sovereign debt while tackling ongoing crises’ panel discussion EY ‘Cybersecurity unveiled: Mastering the basics and securing the future’ Decoding the Digital Future webinar series Friday 7 March Bank of England: External business of Monetary Financial Institutions operating in the UK (2024 Q4) – data release Council Working Party on Financial Services and the Banking Union (Banking Union) |
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UPCOMING EBF EVENTS
European Money Week - March 18 at 9 AM Join us at the EBF Premises for the 11th edition of European Money Week, themed "From Financial Literacy to European Legacy: Building Financially Resilient Generations." This year's event highlights the importance of equipping citizens with the knowledge and skills necessary for a stronger financial future. Read more and register here |
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FROM EBF The European Banking Federation welcomes the Omnibus package The EBF very much welcomes the Omnibus package published yesterday by the European Commission to streamline and simplify the EU sustainability regulatory framework, which goes hand in hand with the anticipated Clean Industrial Deal. These initiatives are important to boost the competitiveness of European companies and support their transitioning efforts. Read more.
Call for Tender: EU-funded project “Shaping generative AI for a sustainable and fair services economy”
Connect Europe, European Banking Federation and UNI Europa are commencing an EU-funded project “Shaping generative AI for a sustainable and fair services economy”. Read more. |
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FROM EBF MEMBERS UK Finance: Non-Bank Financial Institutions or Shadow Banking UK Finance examines the role of non-bank financial institutions, their impact on financial stability, and the regulatory challenges they pose. Read more.
Association of German Public Banks: Women in Executive Positions – Public Banks Are Leading the Way
VÖB highlights the progress public banks have made in promoting gender diversity in leadership roles compared to the wider financial sector. Read more (DE).
Lithuanian Banking Association: LBA Selects New Communication Partners – Tandemus PR
The Lithuanian Banking Association has chosen Tandemus PR as its new communications partner to enhance public engagement and media strategy. Read more (LT).
Swiss Banking Association: Swiss Banking Outlook – Moderate Economic Development but Muted Expectations for Swiss Banks
The Swiss Banking Association reports that while Switzerland's economy is experiencing moderate growth, banks remain cautious about future prospects. Read more. |
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FROM THE INSTITUTIONS
European Insurance and Occupational Pensions Authority: EIOPA publishes monthly technical information on Solvency II relevant risk-free interest rate term structures
EIOPA has released the latest monthly technical information on risk-free interest rate term structures relevant for Solvency II, supporting insurance companies in their regulatory calculations. Read more.
European Central Bank: Euro area bank interest rate statistics – January 2025
The ECB reports that in January 2025, the composite cost of borrowing for corporations decreased to 4.24%, while for households it fell to 3.25%. Deposit rates also saw slight declines. 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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