Insuring the future for Europe:...
The priorities set by the European Commission reinforce Swiss Re's view on how the insurance industry can help insure the future for Europe.
The future of Europe’s financial landscape
The European Financial Services Roundtable (EFR) hosted a high-level meeting in March, bringing together senior leaders from the financial services sector with central bankers, supervisors, policymakers and EU- and national-level officials. Discussion focused on the future of Europe’s financial landscape.
Walter B. Kielholz, Chairman of the Board of Directors of Swiss Re, chairs the EFR which hosted its third Stakeholder Roundtable on 5 and 6 March in Brussels.
The EFR is a group of business leaders of European financial institutions who seek to further develop and strengthen a competitive European financial services industry. Members of the EFR are Chairmen and Chief Executive Officers of international banks or insurers with headquarters in Europe. Four objectives underpin the EFR’s focus for 2012 and beyond: promoting financial stability and stable economic growth in Europe; fostering the integration of the single market; strengthening the competitiveness of the European financial sector; and promoting market discipline.
At the closed-door roundtable in March, members and invitees discussed the future financial landscape of Europe. There were two key questions up for discussion: whether the future financial landscape of Europe is fit for purpose to guarantee the financing of economic growth; and whether Europe is “on track” in regards to financial supervisory and regulatory reform.
Speakers and participants at the event represented a wide range of stakeholders from across the European financial services sector, including private industry and supervisory and governmental bodies.
A short summary is available on the EFR website, along with background discussion papers summarising key EFR positions on the themes of the round table.
Published 10 December 2012
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