International
International
SFF collaborates with various international organisations on behalf of its member companies. The most significant is its membership of the European Banking Federation (EBF) and The European Insurance and Reinsurance Association (CEA). These are umbrella organisations for the European finance and insurance sectors and count as their members banks and insurance companies on the continent. The aim of both these organisations is to represent the viewpoint of banks and insurance companies to the institutions of the European Union. Common interests of these sectors in the European markets and elsewhere are also discussed within these organisations. Through its participation in EBF, the SFF is also a member of the International Banking Federation (IBFed). The aim of IBFed is increased coherence in the regulatory environment of financial markets between continents.
The Chair of SFF has a seat on the Board of EBF and the Executive Manager has a seat in the executive of both the EBF and CEA. EBF and CEA both have specialist committees for particular areas of banking and insurance and more often than not sub-committees for each of these. SFF has permanent representatives in a few specialist committees and monitors others which the organisation thinks are of particular importance.
SFF maintains a good relationship with its fellow organisations across Europe and through this network has access to information about the regulatory environment and the executive in the banking and insurance markets in the neighbouring countries.
In addition to that outlined above, SFF participates in the Nordic collaboration of dealers in securities and securities funds, where a great deal of time and effort has recently been devoted to the formulation and institution of MiFID. Nordic Securities keeps a communal website about the regulatory environment of the Nordic market in securities. SFF and other Nordic securities organisations have also collaborated with the London Investment Banking Association (LIBA). Together these organisations have in recent years sent several letters outlining their opinions on the governance of the financial sector to the executive of the EU, the Committee of European Securities Regulators (CESR) and other international bodies.
Information about the interior market can be found on the European Union website, but the free flow of capital between member states is one of its cornerstones. See more here
