EBF MORNING BRIEF Tuesday 11 February 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: Deutsche Bank fined €10mn by Spanish regulator over forex mis-selling
Spain's National Securities Market Commission fined Deutsche Bank €10 million for mis-selling risky foreign exchange derivatives to corporate clients, reports the Financial Times. Read more
Reuters: Fed nears QT crossroads as 'excess liquidity' evaporates
The Federal Reserve's ongoing quantitative tightening is reducing bank reserves, potentially leading to market volatility, according to Reuters. Read more
MLex: Financial market participants see EU Commission drop draft law on open banking
The European Commission plans to withdraw its draft framework for Financial Data Access, according to a draft work program seen by MLex. Read more. |
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MAIN EVENTS Eurostat: Regional GDP (regional accounts) (2023) – data release Council Budget Committee – meeting Council Working Party of Financial Counsellors |
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UPCOMING EBF EVENTS Exploring Basel III/IV: Scenarios for Financial Stability and Growth - March 5 at 4 PM The implementation of the Basel III/IV capital reforms has become a political issue while banks are in the final straight. The balance between financial stability and competitiveness has taken over priority at a time when international relationships are being redefined. The US administration is re-evaluating its approach to the reforms, while, the UK has postponed the start of their adoption to 2027. Register to attend here
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 THE EBF
Slawomir Krupa Has Been Elected Our New EBF President
The European Banking Federation (EBF) has announced the election of Mr. Slawomir Krupa as its new President. Mr. Krupa, CEO of Société Générale, will officially assume the role on 1 March 2025. He succeeds Christian Sewing, CEO at Deutsche Bank, who will conclude his two-year term at the end of February. Read more
New EBF Position Paper! Simplification of the EU Sustainable Finance Framework Omnibus Legislative Proposal Proposal The omnibus simplification initiative of the EC is an opportunity to refocus on the core elements that are needed to achieve the EU environmental objectives. It is a logical step in the context of the EC’s policies and initiatives outlined in the recently published competitiveness compass. Europe’s global competitiveness and climate goals can and should go hand in hand. Read more
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the EBF Events Trainee opening. Read more |
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FROM EBF MEMBERS UK Finance: Convergence Fraud – A Growing Trend in Credit and Compliance UK Finance highlights how fraudsters are increasingly merging credit and compliance schemes to exploit financial institutions. Read more.
Finance Finland: Joint Nature Commitment Launched by Financial Sector
Finnish financial institutions commit to transparency and action in addressing biodiversity loss. Read more (FI).
Febelfin: Beware of Fake Online Profiles
Febelfin warns against scams involving fraudulent online profiles used to deceive individuals into financial fraud. Read more (FR).
Icelandic Financial Services Association: Presentation on Unique System Identifiers
SFF announces an event introducing the use of distinct system identifiers in cooperation with the national registry. Read more (IS). |
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FROM THE INSTITUTIONS
Single Resolution Board: Resolution planning as a competitive advantage for Europe
SRB Chair Dominique Laboureix highlights how effective resolution planning strengthens financial stability and provides a competitive advantage for European banks. 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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