WSBI ESBG

European Social Dialogue

ESBG is a Social Partner on the employers' side

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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For transparent and efficient NPLs secondary markets

ESBG’s response to the European Commission’s consultation. The additional disclosure requirements will not necessarily increase the efficiency of secondary markets for Non-Performing Loans (NPLs).……

Revised NPL data templates are overly detailed

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

Accomodative monetary policy creates disincentive to save, undermining savings and lending to the real economy – SMEs and households.​The European Central Bank's insistence to keep interest rates low…