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English   Srpski  Home page > News archives > EBF Meeting

ASSOCIATION OF SERBIAN BANKS ATTENDED THE REGULAR EBF MEETING AND THE BANKING SUMMIT IN BRUSSELS – CREDIT BUREAU IN FOCUS


Based on its membership in the European Banking Federation (EBF), which gathers all banking associations and represents the interests of the European banking industry, the Association of Serbian Banks attended the 47th regular EBF Associates Meeting, held on 25 September 2018 in Brussels. This meeting, attended by representatives from the associations of banks from Albania, Azerbaijan, Bosnia and Herzegovina, Germany, Hungary, Italy, Macedonia, Montenegro, Poland, Turkey and Serbia, and chaired by Wim Mijs, EBF Chief Executive, featured the current matters of the European banking sector: the role of banks in financing long-term development projects, the statistical overview of the banking sector of Europe, financial education, and the role of credit bureaus. By analysing the situation in the banking sectors of the abovementioned countries, it was concluded that the associations of banks - as EBF members - may and should exchange the best practices among themselves. Thus, at the request of the attending countries and the EBF, the Association of Serbian Banks was asked to be crucial in the forthcoming period for the transfer of experiences concerning the efforts of member countries to implement national credit bureaus. The ASB Credit Bureau has attracted the attention of EBF representatives and all the attending banking sectors, primarily because of its characteristics, but also because it maximises the interests of the banking industry in terms of recovering credit activity, financing economic development, preventing excessive indebtedness of bank clients and, thus, the emergence of new NPLs, granting the broadest customer rights based on credit report data (accuracy, promptness, right to correction, free Personal Report, etc.), and ultimately its role in preserving the financial and overall macroeconomic stability. Bearing in mind the various structures in organisation of credit bureaus and the need to implement the credit bureau concept similar to the one existing in Serbia, the European Banking Federation and its members expressed their interest in achieving closer cooperation with ASB and implementing specific activities in this direction during the upcoming period, primarily, among the associations of banks (in the region) but also within the European Banking Federation.

The Association of Serbian Banks, represented on this occasion by Prof. Dr Goran Pitić, President of the Board of Directors of the Association of Serbian Banks and Dr Slađana Sredojević, Special Advisor, reaffirmed this commitment and offered cooperation to the EBF and other banking associations in all fields that will be the priority of the banking industry in Europe in the foreseeable future: i.e. digital transformation, financial education, credit bureaus.

The European Banking Summit, which brought together a large number of representatives of the banking industry, the European Commission, the European Central Bank, the EBF, the European Banking Authority (EBA), ESMA, and the International Conference Digital Finance Europe were also held as part of this EBF meeting. Special attention of the industry was focused on financing the economy and the processes of digital transformation, as well as clarifying the role and importance of commercial banks and their initiatives and contributions to society (start-ups, FinTechs, exchange of credit information - credit bureaus). Further work on strengthening the Capital Markets Union project was encouraged and it was emphasised that there is high complementarity between it and the banking sector. The attendees were addressed by the Governor of the Central Bank of Belgium, Jan Smets, Minister of Finance, Johan van Overtveldt, Deputy Director-General of the European Commission DG FISMA, John Berigan, Deputy Director General of the European Central Bank for Market Infrastructure and Payment Systems, Mehdi Manaa, Vice-President of EIB, Emma Navarro, Director of UNEP FI, Eric Asher, ESMA Executive Director, Verena Ross, but also by the representatives of the banking industry, such as Santander, Societe Generale Bank, HSBC, Barclays, Association of German Banks, Italian Banking Association, French Banking Federation, SWIFT.

In this regard, the representatives of the banking industry discussed the possibilities and capacities of commercial banks, as well as private credit bureaus, to create a new environment for the stimulating and sustainable growth of the banking industry.

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