The European Banking Federation, along with other financial industry
associations and representatives of consumers and businesses in the
European Union, notes today’s announcement by the European Commission
concerning best practices in relation to relief measures offered in the
context of the Covid-19 crisis.
Throughout this crisis, the banking industry has continued to stand
with its clients – both businesses and households – in support of the
European economy. Across the EU, banks remain committed to serving their
customers and work closely in partnership with public institutions in
national programmes to mitigate the economic impact of the pandemic.
The EBF appreciates the European Commission’s initiative to bring
together Brussels-based representatives in this context and is pleased
to note that the Commission recognizes the efforts by financial services
providers to adequately support customers during the pandemic.
The EC’s initiative has led to a high-level agreement among all the
participants of two roundtables on best practices organised in May and
June 2020. Best practices identified in this document outline temporary,
non-binding relief measures that financial institutions are encouraged
to implement, when appropriate, on a best-effort basis and as long as
they are still relevant depending on the situation in Member States.
All roundtable participants agree to continue the dialogue on the Covid-19 crisis and its impacts in the coming months.
BACKGROUND:
www.ebf.eu/covid-19
© EBF
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