A distinguishing feature of the European Financial Congress is its pragmatic approach to the issues at hand. In the Recommendations announced at the end of the debates, the Congress not only identifies most significant challenges faced by today’s economy but also proposes practical solutions in areas which are crucial for the economic development of the EU and its Member States.
The EFC Recommendations are the result of the year-round work of the Congress Program Board, with input from members of Steering Committees of each thematic block and from invited experts. The final version of the Recommendations is drafted in June, during the Congress. The Recommendations must not lobby for or against anyone’s interests. So far, the Congress has developed and issued a total of over 60 recommendations in areas related to:
- Enhancing safety and stability of the financial sector
- Financing real economy and innovations
- Reindustrialization and professional management of national wealth
- Long-term accumulation of domestic savings
The European Financial Congress Project also comprises the following annual congresses and seminars:
- Risk & Capital Management in Financial Institutions
- IT in Financial Institutions
- Retail Banking Congress
- Corporate Finance & Banking Congress
- Consumer Finance Congress
Moreover, the EFC participates in global and European consultations conducted by the Financial Stability Board, the European Commission and the European Supervisory Authorities. The EFC invites Polish experts to provide their opinions and develops joint positions, which are later presented to the bodies running the international consultation projects. So far, over 250 acknowledged experts representing the National Bank of Poland, the Polish Ministry of Finance, financial sector regulators and supervisors, commercial banks, insurance companies, investment and pension funds, law firms and consulting companies have taken part in 15 consultations run by the EFC for the FSB, the EC and the ESAs.
Held annually in June, the European Financial Congress provides both a summary of the year’s work and inspiration for future projects, since it sets directions and objectives for action to be taken in the year to come.