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Submitted URL: https://efr.be.mcas.ms/
Effective URL: https://www.efr.be/
Submission: On December 01 via api from US — Scanned from US
Effective URL: https://www.efr.be/
Submission: On December 01 via api from US — Scanned from US
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Text Content
Login * About Us * Members * News * Contact Us * Login 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. read more MEMBERS OF EFR Michel Liès (Chairman) Pietro Carlo Padoan (Vice Chairman) Oliver Bäte Lorenzo Bini Smaghi Kjerstin Braathen Edward Braham Philippe Brassac David Cole Bill Connelly Sir Howard Davies Dame Clara Furse Antoine Gosset-Grainville Héctor Grisi Karl Guha Stephen Hester Nigel Higgins Antonio Huertas Colm Kelleher Jean Lemierre Andrea Sironi Carlos Torres Vila Alexander Wynaendts SEE MEMBER PROFILES “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 LATEST FROM EFR * FUTURE REGULATION: THE PRIORITIES FOR THE NEXT EUROPEAN LEGISLATIVE CYCLE 30 November 2023 For Europe to remain a global player and achieve all transitions, a strong and competitive European financial sector is essential. This objective should be included in the next EC mandate by making competitiveness a central factor in its rule making process, by truly creating deeper EU capital markets, by ensuring that the regulatory framework supports the ability of EU market participants to deploy their activities abroad and by creating more funding flexibility. * THE CASE FOR A SIMPLER REGULATORY FRAMEWORK FOR SUSTAINABLE FINANCE 30 November 2023 Sustainable finance has become a core focus for regulators and now affects every activity of a company. The EFR presents four main principles for an update of the framework: 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. * MICHEL LIÈS NEW CHAIRMAN OF THE EUROPEAN FINANCIAL SERVICES ROUND TABLE 15 November 2023 On 10 November 2023, Michel M. Liès, Chairman of Zurich Insurance Group, started his two-year term as new Chairman of the EFR, succeeding Jean Lemierre, Chairman of BNP Paribas. With a focus primarily on strategic issues impacting member companies and European financial markets, the EFR actively contributes to policy debates on important areas such as sustainable finance and climate change agenda, the digital agenda, financing the twin transition, growth, and long-term investment. * SANCTIONS: REVIEWING THE EXPERIENCE AND MAKING RECOMMENDATIONS 01 September 2023 Collaboration on sanctions in response to the invasion of Ukraine has been unprecedented. The deployment of sanctions is strongly supported by the financial sector and we have welcomed the cooperation with authorities. It is inevitable however, that when applying sanctions on such a scale challenges will arise from to their complexity, in interpretation, and in determining their applicability. JOIN OUR MAILING LIST * About Us * Members * News * Contact Us * Accessibility * Terms & Conditions All contents © copyright 2023 European Financial Services Round Table. Website by Brand Experience