Fünf-Länder-Treffen 2024 in Luxembourg: Five countries, one vision for Europe

On 21 June 2024, the ABBL had the distinct honour of hosting the annual meeting of the banking associations of German-speaking countries. Representatives from Germany, Switzerland, Austria and Liechtenstein joined their Luxembourg counterparts for the annual Fünf-Länder-Treffen, an informal gathering designed to foster dialogue and collaboration between the banking associations of these countries. This year’s meeting was marked by engaging discussions on a number of crucial issues that are set to shape the future of Europe’s financial landscape.

Main topics of discussion

Development of European capital markets

One of the central themes was the development of European capital markets. Participants stressed the need to improve the integration of capital markets to strengthen Europe’s economic resilience and competitiveness. By creating deeper and more interconnected markets, European countries can better support business and innovation, and attract global investment.

Competitiveness of the European banking sector

The competitiveness of the European banking sector is another key issue. Representatives recognised the importance of maintaining a competitive edge in an increasingly globalised and rapidly changing financial environment. This means not only ensuring regulatory efficiency, but also innovating and taking advantage of new technologies to stay one step ahead. The common goal is to ensure that European banks remain resilient, competitive and able to effectively support the economy as a whole.

Green and digital transition

The green and digital transition was also high on the agenda, as banks and financial markets have a key role to play in financing this transition. The participants recognised that these two transformations are not only complementary, but also essential for preparing the future of the European economy. Both transitions are essential for long-term economic sustainability and competitiveness.

Regulatory challenges and opportunities

The discussions were enriched by the presence of representatives from the Luxembourg Ministry of Finance. This provided an opportunity to delve deeper into the key topics of the European regulatory agenda, examining both challenges and opportunities: CMU, Digital Euro, CMDI and international financial sanctions. Participants expressed a shared concern about the increasing complexity and density of regulations, and shared the need to focus the agenda on European competitiveness and resilience under the forthcoming EU legislature.