An organization that represents the European banking sector, the European Union Banking Federation covers the interests of over 5000 European banks in 31 countries. Its combined assets include over 30,000 billion Euros. The EBF was founded in 1960, and serves as a way for European institutions to lay out their legislation and propose or debate ideas. In this way, it mainly serves as a moderator for the international banks that make up the European Union. At the beginning, the EU was mostly interested in integrating trade in goods, and banking was not necessarily involved in this as much as it is today.
A few of the topics or proposals that the European Union Banking Federation meets to discuss today among its members include everything from economic integration to company law or tax laws. The freedom of banks and other financial institutions is another important topic that is discussed, as well as accounting practices and the international legislation that affects all aspects of banking in the EU. Because one bank in the region can affect others, it’s important for this dialogue to take place at the hands of an impartial third party, rather than in individual governments.
If you are interested in European banking or are thinking about investing in European markets at any point, it’s important to understand more about the European Union Banking Federation and what it does. The primary role of the EBF is to represent the interests of the banking industry throughout Europe, and serve as a forum where practices can be exchanged so that all members reap the rewards of a system where banking legislation is unified. It helps play a role in the regulation of the Euro as well, which is important for investors to follow.
Meetings in the European Union Banking Federation can be arranged when there are matters to be discussed that affect the entire banking sector, as well as specialized working groups or specialist proposals. There are over 2.3 million employees in these European banks, which means that the proposals adopted can affect a wide range of people. It maintains an ongoing conversation with other similar agencies, including the European Commission. Before investing in the Euro or in any European markets, it can be helpful to read the latest publications from this agency to learn more about what has happened in the banking sector. This can help you stay informed.