EBF WEEKLY + FINANCIAL REGULATION AGENDA
For the week starting Monday 3 February 2025

An overview of the main financial regulation and banking stories this week and a look ahead to key events for the upcoming week, brought to you by the European Banking Federation.

Recommend the EBF newsletters to a colleague. Click here to sign up!

FROM THE MEDIA

Financial Times: Deutsche Bank chief says ‘nothing is off limits’ as profits plunge

Christian Sewing, CEO of Deutsche Bank, indicated that all options are being considered after a significant drop in profits, emphasizing a thorough review of underperforming units, according to the Financial Times. Read more

The Banker: Deutsche Bank misses profit targets as Q4 earnings fall 92%; BoE’s Andrew Bailey warns against relaxing mortgage limits

Deutsche Bank reported a 92% drop in Q4 profits, missing expectations due to higher loan losses and a €329mn charge from a Polish mortgage mis-selling scanda, as mentioned by The Banker. Read more

Reuters: ECB cuts rates, leaves room for more easing

The European Central Bank cut interest rates on Thursday kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation, writes Reuters. Read more

FINANCIAL REGULATION AGENDA for next week

Monday 3 February

Eurostat: Flash estimate inflation euro area (January 2025)

FT Live: International Energy Policy Forum 2025 - Hybrid conference

Bank of Japan: Summary of Opinions at the Monetary Policy Meeting

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

ECB: Euro area seasonally adjusted HICP flash estimate (Jan 2025)

Council Working Party of Financial Counsellors

Bruegel ‘How can the insurance sector contribute to the Savings and Investment Union?’ discussion

European Parliament Committee on Budgets (BUDG) Meeting

European Parliament Committee on Economic and Monetary Affairs (ECON) Meeting

Tuesday 4 February

IIC, Bruegel Annual Seminar

Afore Consulting ‘9th Annual Fintech and Regulation Conference’

Council Budget Committee meeting

ECB: Euro area bank interest rate statistics (Dec 2024)

Wednesday 5 February

EIB: Meeting No. 579 of the Board of Directors

Deutsche Bundesbank: 6th Cash Symposium 2025 conference (In German)

PIIE ‘The euro area in 2025’- Webinar

European Securities and Markets Authority ‘Shaping the future of EU capital markets’ conference

Coreper II meeting

WTO Informal Committee on Trade in Financial Services meeting

Thursday 6 February

ECB: Monthly Decision Maker Panel data – January 2025

ECB: Monetary Policy Report – February 2025

Harmonised Competitiveness Indicators (Jan 2025)

Atlantic Council ‘Navigating the future of payments with Christopher Waller’ fireside conversation

Friday 7 February

Council Budget Committee meeting

FROM EBF

New EBF Vacancy! Work with us! Deadline: 14 February

Visit our Vacancies page to learn more about the EBF Events Trainee opening. Read more

EBF Contributes to Critical Resource to Enhance Cooperation Between Financial Institutions and Law Enforcement

The Europol Financial Intelligence Public Private Partnership (EFIPPP) has developed a “Practical Guide for Operational Cooperation between Investigative Authorities and Financial Institutions” to facilitate the criminal law investigative authorities in contributing to operational public-private partnerships (PPPs) in the EU. Read more

FROM EBF MEMBERS

Association of German Public Banks: Trade Conflicts Could Put ECB in a Serious Dilemma

Iris Bethge-Krauß of VÖB warns that ongoing trade conflicts could pose significant challenges for the European Central Bank, impacting economic stability and monetary policy decisions. Read more (DE)

Lithuanian Banking Association: Financial Literacy Quiz for Teens – It's Never Too Early to Learn About Money

The Lithuanian Banking Association has launched a financial literacy initiative for teenagers, emphasizing the importance of early financial education. Read more (LT)

Icelandic Financial Services Association: The Future of Direct Financial Services

SFF discusses the evolution of financial services in Iceland, highlighting the shift towards fully digital and direct banking experiences. Read more (IS)

FROM THE INSTITUTIONS

European Insurance and Occupational Pensions Authority: Risk Dashboard for Occupational Pension Funds – Q4 2024

The latest risk dashboard indicates a stable risk assessment for occupational pension funds, though market risks remain high due to ongoing financial uncertainties. Read more.

European Central Bank: Monetary Policy Statement – 30 January 2025

The ECB reaffirmed its commitment to maintaining price stability, keeping interest rates unchanged while closely monitoring inflation and economic developments. Read more.

Bank for International Settlements: Residential Property Price Developments – Q3 2024

BIS data shows that global residential property prices remained resilient in Q3 2024, with moderate growth despite economic uncertainties and higher interest rates. 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