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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.


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