The European Financial Congress, established in 2011, is a platform for debating the issues of security, financial stability, and economic growth in Europe and discussing measures to ensure a prosperous future for Poland and the European Union.
Each year, the Congress is attended by more than 2,000 participants, among them members of European and national authorities, representatives of business, politics and science, regulatory and supervisory institutions, as well as the media. Over the previous twelve editions of the Congress, more than 20 thousand participants have participated in a total of 500 EFC debates.
A distinguishing feature of the European Financial Congress is its pragmatic approach to the issues. In the Recommendations announced at the end of the debates, the Congress not only identifies the most significant challenges faced by today’s economy but also proposes practical solutions in areas crucial for the economic development of the EU and its Member States.
The EFC Recommendations result from the year-round work of the Congress Program Board, with input from members of Steering Committees of each thematic block and invited experts. The final version of the Recommendations was 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 100 recommendations in areas related to:
Enhancing the 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:
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 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 coming year.