12.05.2010

In May 2010, the European Association of Public Banks (EAPB) celebrates its tenth anniversary. The EAPB has more than tripled its number of members over the last decade.

The EAPB’s annual report has been released also, during this month of celebration. Mr. Henning Schoppmann, Secretary General of the European Association of Public Banks remarked that: "The global financial crisis has had lasting impact on the years 2008, 2009 and 2010. Given the importance of the financial sector for the whole economy, many steps have been taken at national and European, as well as at international level, to overcome the crisis. The European Association of Public Banks (EAPB), which represents the interests of various European public banks and funding agencies, was involved in the consultative and decision-making processes of many of them. The most important issues tackled are highlighted and discussed in the EAPB annual report 2009/2010".

The EAPB report 2009/2010 focuses on issues linked to the financial crisis, such as the revision of capital requirements, deposit guarantee schemes, European banking supervision, EU initiatives on bank resolution, crisis management and early intervention, as well as adaptations of accounting standards. Moreover, the report addresses further developments that affect the financial sector, including rules for Alternative Investment Fund Managers, several retail financial services integration initiatives and the fight against money laundering. Topics such as microfinance, energy efficiency, renewable energy and European innovation policy are also addressed.

The EAPB annual report is available online, by clicking the link below, or can be requested by sending an email to info@eapb.eu.


About the EAPB
The European Association of Public Banks is the European banking association that represents public banks and funding agencies and their specific tasks at the European level. The EAPB has 35 members from various European countries, representing around 100 financial institutions. EAPB members constitute an essential part of the European financial sector, in which they play a decisive role with a market share of approximately 15%, a balance sheet of around 3,500 billion (EUR) and around 190,000 employees. Members of the EAPB are financial institutions, funding agencies, public banks, associations of public banks and banks with similar interests.

Contacts:

Henning Schoppmann
EAPB Secretary General
Tel.:+32(0)2 286 90 60
henning.schoppmann@eapb.eu

Miriam Roemers
EAPB Public Relations Manager
Tel.+32(0)2 286 90 62
miriam.roemers@eapb.eu

http://www.eapb.eu/file?fle=6089