EBF recommendations for the 2019-2024 legislative policy cycle and beyond

Published 17.05.2019

To provide ideas and recommendations to policymakers, regulators and experts on the role of banks in the European Union for the next five years and beyond the European Banking Federation has published a manifesto that outlines the main regulatory priorities for the banking sector in the context of the upcoming 2019-2024 legislative policy cycle.

As the voice of European Banks, the EBF and its members remain fully committed to supporting a more competitive and cohesive EU in the context of Europe’s great diversity. We believe that without a united and coordinated Europe, the most likely outcome would be more fragmentation, more protectionism and therefore underperforming economies to the detriment of citizens. The EBF is committed to help in supporting European economies so that European businesses and citizens are better served by banks. We have set out in this document the sector’s recommendations to address the key challenges Europe is currently facing.

Key recommendations

  • Banks as responsible partners to businesses and consumers

    • Connect environmental, societal and financial goals
    • Find new drivers to increase sustainable investments
    • Financial literacy should be promoted as we believe it is an essential factor of the EU economic success
    • Put more efforts in the fight against Financial Crime
  • Build a true Digital Single Market

    • EU’s competitiveness and consumer protection in the digital economy should be an EU’s top priority
    • EU’s competitiveness and consumer protection in the digital economy should be an EU’s top priority
    • Adopt a holistic approach towards an EU data economy: data access and data sharing should be considered in a broader context than financial services
    • Conduct a digital “fitness check” to grasp consumers’ and market participants’ expectations more thoroughly and guarantee that the legislation is fit for purpose in the digital era
    • Banks should be seen as an indispensable partner for the completion of a truly Digital Single Market
    • Deepen and upgrade cyber-security standards in the EU
    • Enhance actions to address the social impact of digitalisation
  • Enable banks to better serve the EU’s economy

    • An appropriate transposition of Basel4 rules to avoid disproportionate increases in capital requirements for European banks is mandatory
    • Remove  the remaining obstacles on capital and liquidity circulation and reset the Capital Markets Union
    • Maintain a diversified banking landscape
    • Ensure a proper balance in taxation and tax compliance
  • Achieve a stable and efficient regulatory framework

    • Conduct a thorough analysis of the existing EU regulatory framework
    • Complement this analysis with an in-depth examination of level playing field issues with non-bank competitors
    • Address inefficiencies, overlaps and level playing field issues before proposing new regulations

The author of this article is solely responsible for the content published.


Association des Banques et Banquiers, Luxembourg


12, Rue Erasme L-1468 Luxembourg

Phone Fax
Opening hours

Monday to Friday from 8:00 to 17:30.