The European Banking Federation (FBE) has published an own report commenting on the reports of the Banking and Securities Groups.
FBE calls among others for a removal of obstacles in the retail banking field. The Federation considers full harmonisation of key retail banking elements as the most effective means of creating a genuine European internal market for retail banking services. Other priorities include, more efficient cross-border clearing and settlement processes and the implementation of the Basel Accord.
With regard to the Banking report FBE believes that it could have been made clearer that while there is no case for an FSAP II, action is needed to open up national retail banking markets.
Therefore, full harmonisation of key retail banking elements should be preferred.
Full report
© FBE
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