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 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.
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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.
