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.
LATEST FROM EFR
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Judith Ay succeeds Theo Timmermans as EFR Secretary General
30 January 2026
On 29 January 2026 the EFR community, led by our Chair Michel Liès, expressed their deep appreciation for Theo Timmermans who has served as EFR Secretary General for 10 eventful years. Theo Timmermans is succeeded by Judith Ay, new EFR Secretary General since early January.
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The EFR calls for Competitiveness to be the core of the European policy agenda
16 January 2026
Members of the EFR (European Financial Services Roundtable, gathering Chairs and CEOs of European banks and insurers) call for a Shared Agenda for Growth and urge policymakers to focus in 2026 on two priorities: 1. Recognise growth and competitiveness as core regulatory and supervisory objectives. 2. Calibrate capital and regulatory requirements to support resilience and innovation. Stability and competitiveness are not mutually exclusive. They are mutually reinforcing—and both are essential if Europe is to compete on the global stage.
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EFR supports European Commission's digital simplification proposals
24 November 2025
The EFR supports the European Commission's Digital Omnibus package addressing the fact that there is too much complexity, and that red tape has to be cut. The package offers a timely and valuable opportunity to implement targeted reforms that will enhance EU competitiveness. To increase competitiveness and legal certainty, the simplification process should ensure the alignment of regulatory and supervisory requirements.
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EFR paper on Savings and Investment Account / Product
31 October 2025
Member States need to take decisive action on the EC’s proposals for a blueprint for a Savings and Investment Account / Product. The success depends on achieving the right structural design and aligning incentives to fosters long-term financial security for citizens, while deepening the EU capital market. The decisive factor is the establishment of a favourable and predictable tax treatment.
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