On 28 January, Gerhard Hofmann, a Vice-President of the European Association of Co-operative Banks (EACB) and a Board member of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR), has been appointed as the Chair of the European Banking Industry Committee (EBIC), for a term of one year.
EBIC aims at providing the common voice of the EU banking sector regarding EU financial legislation initiatives and banking practices and to maintaining an open dialogue with the EU institutions and international bodies. EBIC is focusing on various initiatives in the areas of prudential regulation, banking supervision, compliance related to Anti-Money Laundering (AML) and Counter Terrorism Financing (CFT) as well as a number of topics in the retail banking area.
“I would like to thank and congratulate my predecessor, Joseph Delhaye, for his excellent work during the past year”, said Mr. Hofmann. “The banking community is currently faced with a high number of legislative and policy initiatives, both at the European and international level, which will define the banking industry for years to come. I am confident that with the support of different EBIC members I will be able to achieve my mission.”
The EACB is one of the three founding members of EBIC, set up in 2004. The EACB is committed to the EBIC work, and it shares the chairmanship and the secretariat of EBIC with the two other founding federations, based on an annual rotation rule.