A ROUND TABLE ORGANISATION OF CHAIRMEN AND CHIEF EXECUTIVES OF EUROPE'S LEADING BANKS AND INSURANCE COMPANIES
The purpose of the EFR is to contribute to the European public policy debate on issues relating to financial services and to the financial stability with a view to completing the single market in financial services.
MEMBERS OF EFR
"Open and competitive European financial markets are important to support the real economy and to serve the consumers. They are a necessity for European economic sovereignty".
Jean Lemierre, Chairman
LATEST FROM EFR
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EFR has published its Paper on Financial Inclusion
11 July 2022
There is scope for increased action to make the Europe financially more inclusive, including through public-private cooperation. All European citizens, regardless of their age, gender or income level, should have access to basic financial services, and beyond that, to good quality and value banking, insurance and retirement savings products adapted to their needs.
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EFR has published its Paper on Artificial Intelligence
24 June 2022
A European AI Regulation that promotes the use and adoption of trustworthy AI embedding EU values should be proportionate and clear. This would avoid creating legal uncertainty or increasing (unnecessary) compliance burden. In order to achieve these goals, recommendations are given on the scope of the Regulation, the governance framework, and the requirements imposed.
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EFR Paper Ensuring competitiveness of the European financial sector
16 May 2022
Achievement of open strategic autonomy in the area of financial markets requires ensuring that the attractiveness of EU financial markets and the competitiveness of EU financial market participants remains a cornerstone of the EU’s financial strategy. Attractiveness and competitiveness considerations need to be integrated into every aspect of the legislative work.
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EFR Position Paper Considerations for the design of a Digital Euro
04 April 2022
It is essential that commercial banks are involved on a continuous basis in the development of the digital euro. It is important that the issuance of a digital euro, is carefully analysed following a cautious approach. The EFR position paper gives several recommendations that need to be taken into account.
