EBF WEEKLY + FINANCIAL REGULATION AGENDA
For the week starting Monday 2 June 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.
Dear readers, we will be back on Monday the 2nd of June!

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FROM THE MEDIA

Financial Times: EU plans sweeping stress test of non-banks

EU regulators are preparing the first stress test of non-bank financial institutions, including hedge funds, insurers, and pension funds, amid concerns over systemic risk and opacity. The aim is to assess how a market crisis could spill over across the financial system. Read more

Bloomberg: HSBC Cuts Dozens of Analyst Jobs in Investment Banking Overhaul

HSBC has laid off over two dozen analysts, mostly in Europe, as part of a significant restructuring of its Wall Street research division. Read more

The Banker: China steps up financial sector consolidation; Banco BPI CEO defends Spain’s role in Portugal’s banking sector

China intensifies efforts to consolidate its financial sector following widespread weaknesses among rural banks. Meanwhile, Banco BPI’s CEO defends Spanish investment in Portugal’s banking sector, calling it vital for stability. Read more

Risk.net: Esma sounds out industry for ways to cut reporting burden

ESMA is evaluating industry input on reducing regulatory reporting costs, in line with the European Commission’s drive to streamline financial rules and boost the EU’s attractiveness as a financial hub. Read more

FINANCIAL REGULATION AGENDA for next week

Monday 2 June

Bank of England: Money and Credit (April 2025) – data release

Bank of England: Effective interest rates (April 2025) – data release

UN Economic Commission for Europe ‘Expert Meeting on Statistical Data Collection and Sources’ Meeting

Council Horizontal Working Party on Cyber Issues

Bruegel ‘The ECB’s Digital Euro and new operational framework: is there an overlap?’ Event

ECB: Structural Financial Indicators (2024) – data release

Tuesday 3 June

Polish Central Bank Monetary Policy Council – meeting

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

Council Working Party on Telecommunications and Information Society

Wednesday 4 June

Bank of England: UK International Reserves (May 2025) – data release

EU Agency for Law Enforcement Training ‘e-Justice Communication via Online Data Exchange (e-CODEX)’ Webinar

Euractive ‘Tech Policy’ Conference

Governing Council of the ECB: monetary policy meeting in Frankfurt – meeting

ECB: Euro area bank interest rate statistics (Apr-2025) – data release

CEPS ‘The EU’s International Digital Strategy: strengthening Europe’s global digital engagement’ Event

Thursday 5 June

Council ‘Working Party on Financial Services and the Banking Union’ Meeting

European Cyber Security Organisation ‘Cyber Investor Days’ – event

Bank of England: ECONDAT Economics with nontraditional data and analytical tools (2025 Q2) – meeting

Governing Council of the ECB: monetary policy meeting

European Investment Bank ‘Ethical banking for more social impact in Europe’ Event

ECB: Harmonised Competitiveness Indicators (May-2025) – data release

FROM THE EBF

European Money Quiz 2025 final was last week!

Last week, the Italian team won the European Money Quiz, Europe’s largest financial literacy competition for 13–15-year-olds, organised by the European Banking Federation (EBF). National winners from 30 countries gathered in Brussels to compete for the title of European champions. The team from Republic of North Macedonia took second place, while Sweden secured third. Read more

EBF Vacancies! Work with us!

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

FROM EBF MEMBERS

Luxembourg Bankers' Association: Luxembourg Banks Join Forces to Test the ECB’s Digital Euro for Financial Markets

ABBL announces that several Luxembourg banks are collaborating to test wholesale use cases of the ECB’s digital euro in capital markets. Read more.

Association of German Banks: A Strong Signal for Financial Education in Europe

BdB highlights the European Money Quiz as a key initiative promoting financial literacy across the EU and celebrates strong participation from German schools. Read more (DE).

French Banking Federation: French Banks and the Fight Against Climate Change

FBF outlines the concrete actions French banks are taking to support the green transition, in line with national and EU climate goals. Read more (FR).

Swiss Banking Association: New Policy Paper – Social Cooperation as a Basis for the Climate Transition

SBA publishes a new position paper highlighting the role of social cohesion and trust in achieving an effective climate transition. Read more.

FROM THE INSTITUTIONS

European Central Bank: Private safe asset supply and financial instability

A new ECB study finds that banks' limited coordination in generating private safe assets can lead to financial instability, worsened by safe asset scarcity. Public provision helps, but only partially. Read more

Bank for International Settlements: Financial regulation and growth: what should be the European policy priorities?

FSI Chair Fernando Restoy calls for simplifying prudential rules and accelerating banking union to improve efficiency, while also urging tighter oversight of non-banks. Read more

Council of the EU: SAFE – Council adopts €150 billion boost for joint procurement on European security and defence

The Council has launched the SAFE instrument to co-finance joint defence procurements, strengthen industrial capacity, and integrate Ukraine and trusted third countries in EU defence efforts. 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