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European Financial Services Round Table
 





Thursday, March 26, 2020
EFR Report: The European Financial Services Landscape in 2020

Issues to be addressed to enable the role of the European financial sector for a sound digital, sustainable, cyber resilient and competitive economy.

Measures taken in the EU should not create global competitive disadvantages for the European financial sector. Equal digital competition should be ensured by effectively applying "same activities, same risks, same regulations". The right framework should protect European values and encourage AI innovation. For the European Investment Agenda it is important that: 1) regulatory regimes are fit for purpose; 2) prudential regulation is proportionally applied; 3) European capital markets are developed; 4) a sound sustainable finance agenda is achieved. Achieving cyber resilience requires greater coordination and information sharing on cyber incidents.