The EFR Members support the EU’s goals of economic and social recovery as well as the important policy topics of the digital and the sustainable agenda and the financial sector stands ready to support its customers and the European economy.
The extent to which the European financial sector can play its role in the recovery and in the European economy will depend also largely on policy proposals and decisions that will affect the financial sector.
The annual EFR report 2021 substantiates the issues that are important for the European Commission’s recovery agenda and gives recommendations on how to address various topics under the themes:
- Financial Services contributing to EU competitiveness in the digital geo-economical context
- Making the European prudential framework fit to support the recovery
- Supporting the European sustainability agenda
While the crisis is not finished yet and 2021 started with a lot of challenges, the EFR is also looking to the future and to the lessons of the crisis. We think that there is a significant opportunity for policymakers and the private sector to work together on solutions to help our economy emerge stronger.