Driven by the three "R's"
With roots in 1924, WSBI-ESBG members enjoy a long history of socially responsible banking around the world. Although organizational structures vary from country to country, they each share certain values in their business models, embedded within the three “R”s.
Social responsibility is a core value of our members, towards their clients, employees, communities and the environment. Unlike Wall Street players, WSBI members are Main Street players.
Retail
Actively providing financial services for people – individual consumers and their households – as well as for micro-, small- and medium-sized enterprises (MSMEs) and local authorities.
Regional
Deploy broad distribution networks rooted within the communities they serve, including local and regional outreach in both urban and rural areas. Savings mobilized locally support the local economy. Members offer both digital solutions but they also keep the human touch through extensive branch networks.
Responsible
Social responsibility is a core value of our members, towards their clients, employees, communities and the environment. Unlike Wall Street players, WSBI members are Main Street players, serving all segments of population. Savings and retail banks follow a balanced approach for financial sustainability and a return to society. Profits make a sustainable bank; profit maximization should not be the ultimate goal. ESBG member banks rather give back part of locally made profits by reinvesting in the communities they serve, such as via philanthropic projects and foundation work.
Together WSBI and ESBG...
WSBI ESBG
WSBI ESBG Charter for Responsible and Sustainable Business
A signatory of the United Nations Global Compact since 2006, WSBI-ESBG follows the 10 Principles within it. These principles describe fully social and environmental responsibility commitments to follow. WSBI-ESBG is supportive of the Sustainable Development Goals, or SDGs, which range from ending world poverty to fighting climate change by 2030.
65
COUNTRIES
88
MEMBERS
1.7
BILION CUSTOMERS
556
MIL. TRANSACTIONS ACCOUNTS
Value for money approach: ESBG position
ESBG welcomed the intentions of the EC and DG FISMS to assess how the retail investor protection…
WSBI-ESBG shares its position on the draft FATF Guidance on the transparency and beneficial ownership of legal persons
The FATF Recommendations set out global AML/CFT measures and should be implemented by countries in…
ESBG’s response to FATF draft amendments on the transparency and beneficial ownership of legal arrangements
Following a white paper on the revision of the rules on the transparency and beneficial ownership
ESBG stresses the need for timely assessment of loans with ESG-linked features in its letter to the IASB Chair
In the letter, the ESBG expresses concerns that the IASB’s deliberations on the first two topics…
Payment Fintech:Quo Vadis?
ESBG Spotlight 6 December 2022 – Jan Vermeulen (NBB), Payment Fintech: Quo Vadis?
May you rest in peace, Wouter!
It is with great sadness that we have to announce you that our colleague and friend, Wouter De Win,…
ESBG welcomes EU Commission’s legislative proposal on instant payments
The European Savings and Retail Banking Group (ESBG) welcomes the European Commission’s legislative…
ESBG and EACB congratulate EU Commission’s Expert Group on its Open Finance report
The European Savings and Retail Banking Group (ESBG) and the European Association of Co-operative…
Savings can make all the difference
Established on 31 October 1924 by the WSBI founding fathers as the ‘World Thrift Day’, the World…
Value for money approach: ESBG position
ESBG welcomed the intentions of the EC and DG FISMS to assess how the retail investor protection…
WSBI-ESBG shares its position on the draft FATF Guidance on the transparency and beneficial ownership of legal persons
The FATF Recommendations set out global AML/CFT measures and should be implemented by countries in…
ESBG’s response to FATF draft amendments on the transparency and beneficial ownership of legal arrangements
Following a white paper on the revision of the rules on the transparency and beneficial ownership
Call for clarification on the Artificial Intelligence Liability Directive
The European Savings and Retail Banking Group (ESBG) response to the EU Commission's call for…
Call for clear scope of applicability of the Cyber Resilience Act
The European Savings and Retail Banking Group (ESBG) submitted its input to the European…
ESBG submitted its response to the EBA consultation on DGS contribution calculation
Enhancing the proportionality between the riskiness and the DGS contribution.
ESBG responds to the EBA consultation on the supervisory handbook for IRB systems validation
The handbook aims to clarify the role of the validation function as part of corporate governance,…
ESBG short paper on the bank crisis management and deposit insurance framework (CMDI)
We welcome both the decision to update the Supervisory Review and Evaluation Process (SREP)…
ESBG keeps a close eye on prudential treatment of crypto assets
On 30 September 2022, ESBG responded to the second public consultation of the Basel Committee on…
ESBG response to the EFRAG consultation on its first set of draft ESRSs calls to ensure levelled global playing field
In its response to the European Financial Reporting Advisory Group (EFRAG) public consultation on…
Payment Fintech:Quo Vadis?
ESBG Spotlight 6 December 2022 – Jan Vermeulen (NBB), Payment Fintech: Quo Vadis?
ESBG Event
Promoting financial education among women and highlighting the need to focus a few more efforts in improving female financial literacy
