CFO Network
Budget
€50 — €0
EP Access
0
accredited persons
Staff
4
0.55 FTE
EU Grants
None
Mission & Goals
The European CFO Network (the “Network”) is a high-level discussion group consisting of Chief Financial Officers (“CFO”) of major European financial institutions. Its purpose is to enable the CFOs to engage in a continuous dialogue, enriched by distinguished external views, on the development of financial reporting, value based reporting, financial accounting, regulatory, analyst and rating agency related developments and finance function as well as CFO role. One aim is to share expertise and common views on the key issues faced by the banking industry and financial system with policymakers, regulators, auditors, credit rating agencies and other authorities. The Network first met in 2009. The CFOs of the largest banks headquarter-based in Europe (not limited to EU/EEA) may become members of the Network. See list of current members in the members section.
EU Legislative Interests
The CFO Network focuses on EU legislation targeted the CFO domain of banks. Most importantly, the focus lies on the following areas of EU regulation: 1. EU bank prudential requirements (CRR, CRD, BRRD, SRMR) 2. EU accounting rules 3. EU sustainable finance legislation, with a focus on reporting requirements 4. Digital currencies including the Digital Euro 5. Data aggregation requirements as it relates to financial reporting and disclosures. 6. Where relevant, taxation.
Communication Activities
The CFO Network's main tool for communication are formal letters sent on behalf of the Membership to interested stakeholders.
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
n/a
Organisation Members
Current members of the CFO Network are: ABN AMRO Bank NV, Barclays Bank PLC, Grupo BBVA, BNP Paribas, BPCE, CaixaBank SA, Commerzbank AG, Crédit Agricole, Caisse Fédérale de Crédit Mutuel, Danske Bank, Deutsche Bank AG, DNB Bank ASA, DZ Bank AG, Erste Bank, HSBC, ING Groep, Intesa Sanpaolo SpA, KBC Group NV, Lloyds Banking Group, Nordea Bank Abp, Rabobank, Skandinaviska Enskilda Banken AB, NatWest Group, Groupe Société Générale, Grupo Santander, Standard Chartered, UniCredit, UBS AG.
Additional Information
This cost estimates the staff costs associated with Members' activities running the CFO Network's activities covered by the Transparency Register.
Commissioner Meetings
No recorded meetings with EU commissioners.