The 3.700 Co-operative Banks and their 215 million clients play a major role in the European economy, in terms of funding local economy and stimulating local employment. In light of the European elections and the new mandates of the EU Institutions (2014-2019) starting this year, the European Association of Co-operative Banks (EACB) has drawn up a Roadmap of the Co-operative Banks’ concerns and expectations, for an approach that balances regulation and stimulation of local growth.
The EACB supports all legislative and regulatory initiatives that are in line with the principles and values of the co-operative banking model. Our Members, the Co-operative Banks, call for an appropriate regulatory framework that would allow them to continue playing a key role in funding the real economy, stimulating growth and boosting employment at local level. We hope that the Co-operative Banks’ concerns and expectations described in this document are taken into due consideration by the new MEPs and Commissioners.
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For the related Press Release, click HERE.