📝EBF Morning Brief - Tuesday 4 March 2025: Euro-Zone Inflation Cools as ECB Enters Final Phase of Cuts

EBF MORNING BRIEF Tuesday 4 March 2025

FROM THE MEDIA

Bloomberg: Euro-Zone Inflation Cools as ECB Enters Final Phase of Cuts

Eurozone inflation fell to 2.4% in February, reinforcing expectations that the ECB will continue its rate-cutting strategy, writes Bloomberg. Read more.

The Banker: New defence bank launched to attract capital and fix ‘disastrous’ European procurement

A new European defence bank has been established to improve procurement and attract private capital, addressing inefficiencies in the current system, reports The Banker. Read more.

Financial Times: Deutsche Bank clashed with ECB over bad loan losses

Deutsche Bank faced disputes with the ECB over concerns that it underestimated bad loan provisions, leading to higher provisions and the departure of its Chief Risk Officer, writes the Financial Times. Read more.

MAIN EVENTS

BIS: Consolidated banking statistics – data release

Deutsche Bundesbank: China as global creditor Bundesbank Forum – event

European Banking Authority ‘Public hearing on Regulatory Technical Standards on the calculation and aggregation of crypto exposure values’ – public hearing

Council Working Party on Financial Services and the Banking Union (Banking Union)

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

FROM THE 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.

FROM EBF MEMBERS

Finance Denmark: Fewer Cases of Online Banking Fraud, but Criminals Still Stole Over 80 Million DKK Last Year

Online banking fraud cases have declined in Denmark, but financial criminals still managed to steal more than 80 million DKK in 2024. Read more (DA).

Czech Banking Association: March – Financial Health Month

CBA launches an awareness campaign promoting financial literacy and responsible money management throughout March. Read more (CZ).

Association of German Banks: Cloud Banking – A Challenge and an Opportunity for Germany’s Banks

BdB explores how cloud technology is reshaping the banking sector, offering both challenges and new opportunities for financial institutions. Read more (DE).

Italian Banking Association: New Guidelines from Business Associations

ABI presents updated guidelines developed by business associations to support economic growth and financial best practices. Read more (IT).

FROM THE INSTITUTIONS

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European Systemic Risk Board: ESRB publishes report on a monitoring framework for systemic liquidity risks in financial system

The ESRB has released a report outlining a framework to monitor systemic liquidity risks, proposing three composite indicators to assess funding liquidity, market liquidity, and contagion risks. Read more.

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

European Banking Federation