EBF WEEKLY + FINANCIAL REGULATION AGENDA
For the week starting Monday 19 May 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.

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FROM THE MEDIA

The Banker: How climate risk will reshape banking in Europe

The ECB is enforcing climate risk integration across banks’ governance and capital planning, but data and modelling challenges persist. Institutions that go beyond compliance are likely to see strategic advantages, reports The Banker. Read more

Bloomberg: ECB’s Guindos Warns Financial System Still Facing Trade Risk

ECB Vice President Luis de Guindos warned that trade-related disruptions could still threaten financial stability in the euro area, despite the system's current resilience, reports Bloomberg. Read more

Politico: Commission floats digital levy to repay post-Covid debt

The European Commission is considering a digital tax to help repay €350bn in common debt, a move that could strain ties with the U.S. as trade talks remain uncertain, writes Politico. Read more

Risk.net: EU banks want the cloud closer to home amid tariff wars

European banks are seeking to reduce reliance on U.S. cloud providers due to concerns over potential tariff escalations, highlighting geopolitical risk in financial IT infrastructure, reports Risk.net. Read more

FINANCIAL REGULATION AGENDA for next week

Monday 19 May

Coreper II – meeting

ECB: Euro area seasonally adjusted HICP (Apr 2025) – data release

Tuesday 20 May

Council Horizontal Working Party on Cyber Issues

ECB: Euro area investment fund statistics (Mar-2025 / Q1 2025)

Wednesday 21 May

Coreper II – meeting

Council Horizontal Working Party on Cyber Issues

CPDP conference on data protection, privacy and AI (EO’R)

Internet Forum ‘A Union of Skills: Moving the needle on AI and Cyber Skills’ event

Thursday 22 May

EBF: European Money Quiz - welcome day - event

Friday 23 May

EBF: European Money Quiz -event

Council Horizontal Working Party on Cyber Issues

ECB: Euro Area Indicator of Negotiated Wage Rates (Q1 2025) – data release

FROM THE EBF

A week to go until the European Money Quiz (EMQ) 2025 finals in Brussels!

On 22–23 May, a new generation of youngsters will be getting ready to master their financial skills and compete for the European championship title in the grand finale of Europe’s biggest financial literacy competition for teenagers. Read more

New EBF Vacancies! Work with us!

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

FROM EBF MEMBERS

Luxembourg Bankers' Association: AI Governance in the Financial Sector – Clarity, Collaboration and Compliance

ABBL outlines key principles for responsible AI use in finance, calling for common standards and sector-wide coordination. Read more.

UK Finance: CMORG AI Taskforce Publishes AI Guidance

UK Finance supports the release of AI guidelines developed by the UK’s AI taskforce, aimed at helping firms navigate AI risks and opportunities. Read more.

German Banking Associations (BdB & VÖB): EU Retail Investment Strategy – Good Intention, But Misses the Mark

BdB and VÖB critique the European Commission’s Retail Investment Strategy, warning that it risks overregulation and could deter retail investors. Read more (DE)

Finance Finland: Growth Strategy With Potential Falls Short in Execution

Finance Finland warns that the Finnish government's growth strategy lacks implementation clarity, despite a strong foundation. Read more (FI).

FROM THE INSTITUTIONS

European Central Bank: Luis de Guindos – Financial stability in the euro area

In a speech at the ISDA Annual General Meeting, ECB Vice-President Luis de Guindos addressed financial stability in the euro area, highlighting market dynamics and risks relevant to the derivatives sector. Read more

BIS: OTC derivatives statistics

The BIS released updated data on OTC derivatives, covering notional amounts, market value, credit exposures, and concentration indicators for major asset classes. The data reflects consolidated global reporting and includes estimates for non-reporting jurisdictions. Read more

EIOPA: EIOPA surveys European insurers on their use of generative AI

EIOPA has launched a survey to assess how insurers across the EU are using generative AI, focusing on current adoption, future plans, and governance frameworks. The results will support supervisory practices and consumer protection. 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