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European Financial Services Round Table
 





Tuesday, March 19, 2019

EFR call for actions by the incoming European Commission and European Parliament and EFR Report: The European Financial Services Landscape in 2019

2019 marks an important step in EU history with a change in the Commission following the European Parliament spring elections, several national elections, the United Kingdom most probably leaving the European Union and a world that is marked by geopolitical challenges and regulatory fragmentation.

EFR Members believe that a fully integrated EU financial market, a single market with consistent rules and requirements, combined with a strong, stable and competitive European financial services industry will lead to increased choice and better value for all users of financial services across the member states of the European Union.

EFR Members are supportive of the European Union and stand ready to cooperate with the incoming European Commission and Parliament to foster economic growth in Europe and to secure a sustainable, competitive and open European financial sector. The EFR has published its Call for actions by the incoming European Commission and European Parliament and asks to focus on:

  1. effective regulation and the avoidance of fragmentation
  2. achieving a robust competition in the digital economy
  3. greater coordination to fight cyber crime
  4. achieving genuinely open European capital markets
  5. establishing Sustainable Infrastructure Europe

Together with the Call for Actions, the EFR has published its Report the European Financial Services Landscape in 2019, in which the need for the requested actions is substantiated.