PARIS, 2 June 2015 – At their Coordination Committee meeting on 21-22 May in Paris, WSBI-ESBG members exchanged views with Mr André Laboul, deputy director for the OECD directorate for financial and enterprise affairs. The OECD is indeed an active partner with the G20 and is providing input on such files as long-term financing, SME finance, financial education, taxation and financial consumer protection.
Mr Laboul recieved the WSBI Positions summary document developed in view of the Turkish G20 presidency. He supported, amongst others, the idea that capital market financing instruments should be developed to provide complementary financing possibilities while stressing that capital markets could never fully substitute the important role of traditional bank lending, especially when it comes to SMEs.
WSBI-ESBG will continue its dialogue with policy makers and G20 stakeholders to discuss and convey the positions and concerns of the savings and retail banking sector.