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 has published its Paper on Cloud Outsourcing
29 June 2020
This paper presents several considerations of how EU policy makers could develop the cloud services market, increase harmonization and provide financial institutions with the certainty needed in their digitization process.
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Paper on the Impact of Digital Transformation on Labour
29 June 2020
Action is needed on the policy side to prepare society for this new era and ensure the legal environment and public policies in a larger sense (such as education and health systems) are also fit for purpose. Those needs are even reinforced by the Covid-19 crisis as transformation is likely to accelerate
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EFR Paper on Global regulatory issues and international relations
06 April 2020
Regulatory cooperation and coordination at global level is vital. Global standard setters should improve transparency and accountability. The EU should ensure that their measures do not create global competitive disadvantages for the European financial sector.
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EFR Paper on framing AI to foster its use in financial services
31 March 2020
The right framework should protect European values and encourage AI innovation. On the basis of a principle-based approach it should focus on providing guidance regarding safety, explainability, fairness and accountability of AI systems.
