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.
LATEST FROM EFR
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Core principles for policymaking in the next European legislative cycle
06 November 2024
The EFR proposes the adoption of three principles to make Europe more competitive. They should be taken into account when producing new regulatory proposals: 1) consider the competitiveness of Europe’s international firms; 2) avoid continuous policymaking; 3) make better use of “fast track” procedures. They should be applied in a financial services context, as well as in cross-sectoral files like sustainability and digital policy.
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EFR COP29 letter to policymakers on necessary policies
24 October 2024
In order to play its envisaged role in sustainable finance, the EFR reiterates that for the financial sector four topics should be adequately addressed: 1) Regulation should support investment in the transition; 2) Interoperability in global standards is key; 3) Investment in transition activity is as important as “bright green”; 4) The prudential framework for climate-related factors should remain risk-based.
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European Savings: proposed actions on long-term investments
05 August 2024
It is paramount to ensure that European savings contribute more effectively to the financing of the EU economy. This requires a focus on unlocking growth opportunities through policies that incentivise more long term savings, alongside more efficient allocation of current and future savings and pensions towards long-term investment in Europe.
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EFR Report 2024 "Financial Services in Europe, fit for the future"
08 April 2024
The geopolitical environment is becoming increasingly challenging to navigate for financial services firms and their clients. Coordinated action is needed to strengthen the Single Market and the competitiveness of the European financial sector with a consistent policy agenda and to encourage innovation. There is an opportunity for policymakers and the private sector to work together and to meet the challenges of climate, digital, and security transitions.
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