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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Sanctions: Reviewing the experience and making recommendations
01 September 2023
Collaboration on sanctions in response to the invasion of Ukraine has been unprecedented. The deployment of sanctions is strongly supported by the financial sector and we have welcomed the cooperation with authorities. It is inevitable however, that when applying sanctions on such a scale challenges will arise from to their complexity, in interpretation, and in determining their applicability.
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EFR Report 2023 " Serving customers and the European economy"
03 April 2023
The Report addresses important issues for the European financial sector to advance the single market agenda, focussing on empowering retail investors to meet the European challenges of the twin digital and green transition; tackling the huge financing needs of the European economy; and digital challenges (cbdc and digital sovereignty).
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EFR Paper on PSD2 lessons and implications for Open Finance
27 January 2023
Data sharing has the potential to positively impact both consumers and the financial services industry. EFR calls for the future Open Finance framework to take the lessons learned from PSD2 into account in terms of the asymmetry in data access, misaligned incentives and the unbalanced liability regime, as well as the constantly evolving nature of the market.
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The EFR calls for action by policymakers on Securitisation
09 January 2023
Reviving European securitisations would be an important step towards the accomplishment of a CMU. To be able to meet Europe’s vast financing needs, securitisation should be made an effective instrument for the European financial sector so that savings and assets under management of institutional can be mobilised and used to invest in Europe.
