Overview
The European Banking Federation (EBF) Board members affirm commitment to responsible financing
In a press release issued today, the EBF Board expressed its opinion on a range of topics discussed during a meeting chaired by Frederic Oudéa in Amsterdam.
European banks have reiterated their commitment to actively contributing to financing the European economy and thereby strengthening the growth recovery.
FBE underlined the concerns of the entire European banking sector on the possible consequences of the ongoing work of the Basel Committee ( “Basel 4”), and the impact this could have on their ability to finance the economy. Other areas of funding that could be affected relate to real estate, infrastructure and SMEs in particular: these are key domains for European citizens and European growth.
European banks also reaffirmed their commitment to promote a culture of responsible banking that is essential for confidence in the sector. Banks are important partners of governments and authorities in the fight against tax evasion, fraud, money laundering and terrorist financing.
Finally, the Board also expressed appreciation for the work being done to promote financial education and inclusion in an increasing number of countries across Europe.
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