The European Commission has welcomed a list of ‘best practices’ agreed by the financial sector, and consumer and business organisations, to help further mitigate the impact of the coronavirus pandemic. The list of ‘best practices’ follows two roundtable meetings facilitated by the Commission with consumer and business representatives, European banks, other lenders, and the insurance sector.
The President of the Euro-Mediterranean Economists Association – EMEA and Director of the Euro-Mediterranean Network for Economic Studies – EMNES, Prof. Rym Ayadi, participated as Chair of the Banking Stakeholder Group-(BSG) of the European Banking Authority (EBA). Prof. Ayadi highlighted the importance of the collaborative effort between the European Commission, the financial sector, as well as the consumer and business organisations to mitigate COVID-19 economic consequences.
The Commission will facilitate a further roundtable in September to take stock of progress and will continue the dialogue with stakeholders to support lending during the recovery.
Link to “best practices” document