UNIEuropa Finance

1
UNI-Europa Finance

• Linking UNI-Europa Finance
• and
• EUs Financial Services Policymaking
• ---
• Nina Egeli
• UEF Committee Meeting - Rome, 20 May 2005

2
UNI-Europa Finance

• Why is EUs regulation of financial services
  important to us?
• What do we want to achieve by getting involved?
• How do we get there?
• A trade union strategy for influencing the EU
  Internal Market for financial services

3
UNI-Europa Finance

• WHY
• EU regulation has an impact on you and the
  employees you represent
• The European framework sets the direction
• An optimal European framework facilitates optimal
  rules and regulations at company or national
  level
• As a European social partner UNI has a duty and a
  right to take part in the developments of Europe

4
UNI-Europa Finance

• WHAT
• Optimal working conditions for our members
• Well-functioning financial industry
• Attractive quality jobs and enough jobs
• Quality services provided by the sector

5
UNI-Europa Finance

• HOW
• PRIORITISE!
• Not everything is equally important
• UNI-Europa Finances strategy 2005
• Objective To develop and strengthen our
  influence on EU policymaking in the field of
  financial services

6
UNI-Europa Finance

• Our strategy sets out to
• Link national and European level
• Involvement and continuity
• Focus on issues that have (the greatest) impact
  on members
• What we do at European level must be of relevance
  to you at national level

7
UNI-Europa Finance

• Structure
• Internal Market Network of experts coordinated
  by a Coordination Group (1 representative per
  area)
• Pillars
• Political Focus
• Early involvement
• Multi-pronged approach
• Persistent networking

8
UNI-Europa Finance

• Alertness and ongoing monitoring
• Use networks and available channels at national
  and European level
• React to relevant consultations
• Constructive, well-documented arguments based on
  experience and hands-on knowledge from the
  finance industry

9
UNI-Europa Finance

• EU ISSUES
• New phase new EU strategy
• Period of massive legislation to be followed by a
  period of implementation and fewer initiatives.
  However, new EU financial services strategy and
  consultations will follow!
• Retail markets are up next
• Direct impact on members increased competition
  effects on jobs - new opportunities

10
UNI-Europa Finance

• EU ISSUES
• Corporate Governance and Company Law
• Employee participation and co-determination
• Ensuring the means at European level for
  influence at national level
• Shareholders rights and responsibilities
• 3rd Anti-Money Laundering Directive

11
UNI-Europa Finance

• Summing up our ambitions
• Selective focused
• Professional constructive
• A provider of sought-after advice
• ?Influence
• We all have a role to play!