Press Releases

The Association for Financial Markets in Europe (AFME) has today published a new report evaluating the state of the European Banking Union (BU). The report identifies critical implementation gaps in the BU framework, beyond the well-known existing barrier arising from the absence of a fully completed European Deposit Insurance Scheme (EDIS). These barriers largely stem from the significant discretion granted to Member States withing the Banking Union’s single rule book.

WASHINGTON, D.C., 19 August 2025 - A coalition of leading global financial trade associations (“the Joint
Trades”), together with Boston Consulting Group (BCG), Ashurst, and Sullivan & Cromwell as technical
advisors, issued a letter to the Basel Committee on Banking Supervision (BCBS) urging a pause and recalibration
of the Cryptoasset Exposures Standard (SCO60) and a comprehensive report highlighting the transformative
potential of Distributed Ledger Technology (DLT) in capital markets.

Following the publication of the EU-wide stress test results by the European Banking Authority today, the Association for Financial Markets in Europe (AFME) issued a statement on behalf of its members that participated in the exercise.

The Association for Financial Markets in Europe (AFME) welcomes the wide range of reforms announced today as part of the UK Government’s ambitious 10-year strategy for financial services. AFME strongly supports the Financial Services Growth and Competitiveness Strategy, which recognises the importance that UK financial services play, not only in financing the real economy, but also in driving service exports.

Following the Leeds reforms announced today by the UK Chancellor, Rachel Reeves, AFME welcomes the UK’s forward-looking approach and recognition of the strategic importance of the financial services sector for the UK economy.