The European Financial Services Round Table (EFR) is bringing together Chairmen and Chief Executives of leading European 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. The EFR is also engaged in the lessons to be drawn from the financial crisis to render the financial system more resilient.
The EFR is a constructive organisation that seeks to engage with stakeholders on strategic issues to find beneficial outcomes for Europe. The EFR has always been a strong supporter of the European project and the Single Market.
The EFR focusses on the following overarching themes: a sustainable European financial sector, competitiveness and open European capital markets. Under these themes the current EFR Priorities are
- The Growth & Investment Agenda
- The Digital Agenda & Cyber Security
- Sustainable Finance & Climate Change
- Prudential regulation
The EFR has published, inter alia, positions, reports and press releases on the topics above as well as on other topics such as European retail market, G20 agenda, the integration of pensions in Europe, harmonisation of regulation and supervision and consumer protection.
The EFR Secretariat based in Brussels is incorporated under Belgium law as a non-profit organisation.
If you wish to view EFR publications, reports and press releases, please go to the section News.
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The European Financial Services Round Table (EFR) was formed in 2001. The Members of EFR are Chairmen and Chief Executive Officers of international banks or insurers with headquarters in Europe.
EFR Members believe that a fully integrated EU financial market, a Single Market with consistent rules and requirements, combined with a strong, stable and competitive European financial services industry will lead to increased choice and better value for all users of financial services across the Member States of the European Union. An open and integrated market reflecting the diversity of banking and insurance business models will support investment and growth, expanding the overall soundness and competitiveness of the European economy.
Increased fragmentation as a result of the post–crisis regulatory response underlines the need to safeguard the Single Market and to protect the level–playing field. The EFR therefore strongly encourages national governments and the EU institutions to continue their efforts to create a truly single market for wholesale and retail financial services, which will play an essential role in providing long–term financing for the economy in Europe.
Furthermore strong market discipline is essential to ensure fairness and alignment of interests of the financial sector and the real economy towards serving the citizens of Europe and the world. The integration of financial markets does not stop at the EU’s borders – markets are increasingly global. EFR Members therefore encourage both national and European leaders to establish internationally consistent and coherent financial regulation and supervision and to support and promote free and open markets throughout the world.