EU Advocacy Work
Safeguarding the Nordic model
NFU Advocacy Work
NFU stands for a European Union that is actively involved in making globalisation fair, guided by European values and with the ambition to promote Europe’s innovative strength. The European Union is setting the framework for the functioning of the financial sector, and its employees. Employees stand at the core of the finance industry. Bank and insurance employees are the prime value creators in financial institutions and as such key drivers towards financial sectors that create the preconditions for sustainable development and digital solutions for the good of our societies.
Dialogue with European Institutions
A particular focus of our work lies on direct exchange with the Members of the European Parliament and the promotion of dialogue between various actors in European politics in order to ensure that the interests of Nordic financial employees are heard at all EU levels. To this end and to further our members’ European ambitions we make concrete proposals how legislative texts could look like during the various stages of the European legislative prosedure.
NFU engage in an active dialogue with the European Commission via the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA). Through the close cooperation with UNI Europa Finance, NFU are part of a biannual dialogue meeting with DG FISMA on the latest development in the European financial system.
EU Trade Union Cooperation
Only together we are strong! NFU is part of a strong trade union movement and works closely in alliance with UNI Europa Finance, our national affiliates in the Nordics as well as other civil society organisations.
Consultation Replies
NFU works actively to influence EU regulation that affects the Nordic financial sectors and its employees. Replying to EU consultations is an important part of this work.
NFU replies to consultations from all EU institutions and supervisory authorities on proposals, reports, discussion papers and more that could have an affect on the employees in the financial sectors. NFU also replies to consultations through and together with other stakeholders, such as UNI Europa Finance.
Find our policy papers and consultation replies in chronological order below.
2022
NFU Position Paper Solvency II and IRRD 2022
NFU Policy paper Corporate Sustainability Due Dilligence Directive 2022
Public Consultation on the cybersecurity of digital products and ancillary services
EIOPA Consumer Trends 2022 – NFU
ESMA Consultation Paper Guidelines on certain aspects of the MiFID II suitability requirements
2021
Call for Feedback on the report on Social Taxonomy
EIOPA Discussion Paper on Blockchain and Smart Contracts
Civil Society Consultation on PRB Collective Progress
EIOPA Consultation on framework to address value for money risk
EBA Consultation Paper on Draft ITS on Pillar 3 Disclosures
Joint ESAs Consultation on Taxonomy-related sustainability disclosures
EIOPA Discussion Paper on Open Insurance
Targeted Consultation on the establishment of a European Single Access Point (ESAP)
EBA Discussion Paper on management and supervision of ESG risks
EIOPA Consultation on Draft Advice to EC under Art 8 Taxonomy Regulation
2020
ESMA Consultation on Draft advice under Article 8 of the Taxonomy Regulation
EBA/ESMA Consultation on Joint Guidelines on Suitability
EBA Consultation on Guidelines on Internal Governance
Joint ESA Consultation Paper concerning ESG Disclosures
Consultation on the Renewed Sustainable Finance Strategy
Consultation on a Retail Payments Strategy for the EU
EBA Consultation on Draft Guidelines on Consumer Due Dilligence and ML-TF risk factors
Public Consultation on Gender Pay Gap – Transparency of Pay for Men and Women
Stakeholder Engagement on the EIB Group Climate Bank Roadmap 2021-2025
EIOPA Consultation on the proposal for Guidelines on ICT security and governance
EBA Consultation Draft RTS on Revised identified staff for remuneration purposes
EIOPA Consultation Paper on the Opinion on the 2020 Review of Solvency II
EBA Consultation on Comprehensive ITS on financial institutions´ public disclosure
2019
2017
2016
Call for evidence on EU regulatory framework for financial services
Consultation on guidelines on risk factors and customer due diligence
Consultation on maximum remuneration ratio under CRD 4 to DG JUST
Consultation on ESA’s discussion paper on automation in financial advice
Consultation on EBA’s sound remuneration guidelines
2015
2014
2013
NFU reply EIOPA System of Governance
NFU reply to consultation on knowledge…
NFU reply to draft RTS for risk takers
NFU reply to EBA recovery plans
NFU reply to ESA review
Green paper on Long Term financing of the European economy
NFU reply to the consultation on crowdfunding
NFU reply to the Discussion paper on PPPs
NFU reply coherence of finance legislation
2012
Ferber questionnaire on MiFID – NFU reply
NFU reply to Commission Consultation on Bank Accounts
NFU reply to ESMA remuneration policies
NFU comments recovery plans EBA
NFU consultation reply on reforming the structure…
NFU consultation reply to Green Paper on shadow banking
NFU response Liikanen
NFU reply company law
2011
Consultation on Solvency II
Harmonisation of Securities Law Consultation
Review of the Insurance Mediation Directive (IMD)
European Crisis Management Framework – Technical details
Consultation on Credit Rating Agencies
Consultation on Central Securities Depositories (CSD)
Consultation on UCITS depositary function and managers remuneration
Consultation on the Packaged Retail Investment Products initiative (PRIPs)
Reinforcing national sanctioning regimes in the financial sector
Consultation on Financial Tax
Review of the Markets in Financial Instruments Directive (MiFID)
Consultation on the Single Market Act
Green Paper on Corporate Governance
Consultation on Professional Qualifications Directive
2010
Study on the Operation and Impacts of the Statute for a European Company (SE)
White Paper on Insurance Guarantee Schemes
EU Framework for Cross-Border Crisis Management in the Banking Sector
Study on Tying and other potentially unfair commercial practices
Consultation on the Capital Requirement Directiv (CRD)
Consultation on Pension Systems
Review of the Financial Conglomerates Directive (FICOD)
CEBS draft Guidelines on Remuneration Policies
Consultation on Basic Payment Account
Corporate Governance in Financial Institutions
Consultation on Countercyclical Capital Buffer (CCyB)
Consultation on Derivatives and Market Infrastructure
Review of the Market Abuse Directive (MAD)
Consultation on Short Selling
2009
Consultation on Hedge Funds
The Future of EU Financial Supervision (Round II)
Review of the Deposit Guarantee Schemes Directive
Responsible Lending and Borrowing in the EU
Consultation on Alternative Dispute Resolution (ADR)
Review of the Prospectus Directive
Consultation on Financial Inclusion
Call for evidence on Investor Compensation Schemes
The future of Financial Services Supervision
UCITS Depositary Function