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
“Europe is confronted with many headwinds - from geopolitical turmoil, macro-economic volatility to rapid technological change - and risks falling behind its global counterparts. But in this challenging context, I am proud of the role that the financial services sector has played in supporting the European economy to date and am optimistic about the opportunities that lie ahead."
Michel Liès, Chairman
LATEST FROM EFR
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Michel Liès new Chairman of the European Financial Services Round Table
15 November 2023
On 10 November 2023, Michel M. Liès, Chairman of Zurich Insurance Group, started his two-year term as new Chairman of the EFR, succeeding Jean Lemierre, Chairman of BNP Paribas. With a focus primarily on strategic issues impacting member companies and European financial markets, the EFR actively contributes to policy debates on important areas such as sustainable finance and climate change agenda, the digital agenda, financing the twin transition, growth, and long-term investment.
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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.
