Financial News & Views October 2021 Edition

WSBI ESBG

ESBG

WSBI and ESBG produce a quarterly publication covering the latest news from the two associations as well as insight pieces from leaders in the savings and retail banking world. We also produce periodic brochures and reports.

WHAT’S INSIDE?
Sustainable Finance: it’s complicated (page 1)
Basel on my mind (page 2)
Not an era of change, but the change of an era (page 3)
Europe, inspire the world! (page 4)
Scale2Save partners go from competition to collaboration (page 5)
Green bonds – no time to die (page 6

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News & Views magazine: Q1 2020

WSBI ESBG

ESBG

Measures taken by WSBI-ESBG members help mitigate effects of Covid-19 on local economies, the Q1 2020 News & Views highlights. They help serve people in communities, supporting households, SMEs and protecting business continuity and ramping up digital channels.

What’s inside:

WSBI statement on Covid-19 
ESBG statement on Covid-19

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COVID-19: European banking, insurance social partners statement

​​​Joint statement of the European social partners in the banking and insurance sectors on the Covid-19 emergency crisis

The European social partners in the financial services sector – UNI Europa Finance, the Banking Committee for European Social Affairs of the European Banking Federation (EBF BCESA), the European Savings and Retail Banking Group (ESBG), the European Association of Cooperative Banks (EACB), Insurance Europe, the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE), and the European Federation of Insurance Intermediaries (BIPAR) – would like to express their sincere sympathy to everyone directly suffering because of the Covid-19 pandemic and to profoundly thank all those risking their own health to save lives. As social partners, we are fully committed to ensuring that the European banking and insurance sectors continue to assist their customers and support European economic activities to the best of our abilities during this unprecedented pandemic crisis.

This requires close and intense coordination with public authorities and for the European institutions, regulatory and supervisory authorities and the financial services sector to work together to try to neutralise as much as possible and to the best of our abilities the effects of Covid-19 on the economy. Important measures have already been taken to help the banking sector in supporting the economy. As this is a rapidly evolving situation, the social partners call on the public authorities to stand ready to take further action and use the necessary flexibility at their disposal to overcome the present difficulties.

Employees and employers in the European banking and insurance sectors, as well as insurance and financial intermediaries, are doing their utmost to offer essential services to the public within the limits imposed by public authorities, and will continue to do so throughout the crisis as best they can. The European social partners in the financial services sector thank all employees in the banking and insurance sectors who are working to alleviate the effects of this crisis.

Across the sector, all the European social partners agree that the health and safety of our employees, our customers and the general public are absolutely paramount, and that every effort and contribution should be made to help contain the spread and impact of Covid-19.

To this end:

  • All the actors in the European financial services sector follow strictly the recommendations and rules of public authorities and health agencies in relation to Covid-19.
  • Companies in the sector have organised for the vast majority of their employees to work remotely whenever and wherever possible to reduce their exposure to the virus and limit its spread.
  • The European social partners in the financial services sector ask for their customers’ forbearance when they are requested, in line with the public measures decided at national level, to limit physical visits to branches, agencies and offices as well as face-to-face meetings. All the actors in the sector have reorganised their operations to remain at the service of customers through telephone, email and other communication technologies and tools, or, when necessary and when allowed and always in line with the rules and guidance of public authorities and health agencies, through face-to-face contact.
  • During this Covid-19 crisis, all employees at their workplace, especially those who continue in their public-facing roles, need to be given appropriate protection in terms of both equipment and infrastructure on the basis of the relevant rules and guidance of the appropriate public authorities and health agencies, to minimise the risk of contagion as far as possible. This is in the best interests of customers and the general public.

Social Dialogue at all possible levels can provide a good context for finding suitable solutions for this exceptional situation and experience shows that it contributes to reach the high-level buy-in needed for successful implementation.

Europe must show responsibility, solidarity and efficiency in facing this emergency by protecting all its affected citizens, workers and businesses. The European social partners in the financial services sector remain committed to protecting companies and the employees in the banking and insurance sectors and supporting European citizens and economic activities to the best of their abilities during this extraordinary crisis period.

Signatories:

Michael Budolfsen President, UNI Europa Finance
​Jens Thau Chairman, EBF BCESA
Chris De Noose Managing Director, ESBG
Hervé Guider Managing Director, EACB
Andreas Brandstetter President, Insurance Europe
Grzegorz Buczkowski President, AMICE|Juan Ramón Plá Chairman, BIPAR

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Joint statement of the European Social Partners in the Banking and Insurance Sectors on the COVID-19 Emergency Crisis

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News & Views magazine: Q4 2019

WSBI ESBG

ESBG

Savings and retail banks are ideally placed to provide the financing to help the world build a sustainable future, the Q4 2019 News & Views highlights.

What’s inside:

ESBG handbook focuses on EU citizens (page 11)
World Savings Day 2019 (pages 7, 38, 46)

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News & Views magazine: Q3 2019

WSBI ESBG

ESBG

This edition of WSBI-ESBG News & Views magazine​ looks at supporting local growth and development. The 44-page edition published in October 2019 provides expert comment and the latest ESBG position on helping communities.

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News & Views magazine: Q2 2019

WSBI ESBG

This edition of WSBI-ESBG News & Views magazine​ looks at customer ce​nt​​r​icity. The 44-page edition published in July 2019 provides expert comment and the latest ESBG position driving deeper into customer-centric banking​.

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Banking Serving Thriving Cover

Banking. Serving. Thriving.

ESBG | BROCHURE

ESBG

​​​​​This ESBG brochure explores impact made by Europe's savings and retail banks in local communities.
​BRUSSELS, 28 March 2019 – ESBG updated today its bro​chure that provides an overview of the social value of savings and retail banks. Called Banking. Serving. Thriving​, the document showcases the impact made by European savings and retail banks to boost the real economy while giving back to the communities they serve. ​

​It features updated facts and figures that aim to paint a clearer picture of what ESBG members value: responsibly managed banks that are retail-focused and regionally present. Primarily intended for advocacy purposes, it includes data on employment levels, branch numbers, and balance sheet items, buttressed by case studies from savings and retail banks throughout Europe, showcasing a commitment to sustainable development, giving back to the communities we serve, and staying at the forefront of need through our foundation work. The brochure also helps highlight how well ESBG member banks adhere to the Charter for Responsible Business.

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BROCHURE

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News & Views magazine: Q1 2019

WSBI ESBG

ESBG

This edition of WSBI-ESBG News & Views magazine​ gives a recap of the WSBI World Co​ngress. The 44-page edition published in July 2019 provides expert comment and the latest ESBG position on sustainable retail banking, making globalisation inclusive for all.​

READ THE DIGITAL VERSIONREAD THE DIGITAL VERSION [FR]READ THE DIGITAL VERSION [ES]READ THE DIGITAL VERSION [IT]READ THE DIGITAL VERSION [DE]

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​​​​​​​​​​​ESBG and the European Sectoral Social Dialogue

ESBG is a Social Partner on the employers' side, together with EBF and EACB in the European Sectoral Social Dialogue in the Banking Sector. UNI Europa is the Social Partner on the workers' representatives' side. The ESBG Human Resources Network is consulted on an ongoing basis in this framework.

About the European Sector Social Dialogue Committees (ESSDC)

The Sectoral Social Dialogue Committee for banking was set up in 1999 as part of the ESSDC, which were introduced by the European Commission in 1998. The committees play a role not only in European public policymaking but also in developing more independent bilateral relations and eventually concluding agreements. As these committees can influence policymaking at EU level and form joint opinions, conclude joint texts and agreements, among other functions, they potentially have a role in issues related to the development of their industry.

EU banking sector employment​

In the European Union, around 3.7 million people are employed in the banking sector. Major challenges include the changing legislative framework as a result of the global financial crisis and the Eurozone crisis, bank supervision, image of the industry, digitalisation and professional ethics linked to the issue of variable pay in the sector.

Focus areas and projects for European Sectoral Social Dialogue in the Banking Sector

The committee currently focuses on, amongst other:

  • Pillar II of the project ”impact of banking regulation on employment”
  • Skills
  • Follow up to the ‘Joint Declaration on Digitalisation’
  • Main implications for SSDB under the European Pillar of Social Rights

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