25 February 2022
The European Banking Federation (EBF) strongly condemns the invasion of Ukraine by Russian forces. Our thoughts are with the Ukrainian people and all those affected. European banks aim to support actions initiated by the European institutions and other authorities to alleviate the suffering caused by this attack.
As part of the global community, European banks will support and implement all appropriate measures to safeguard peace and stability. We recognize the pivotal role of banks in the implementation of financial sanctions. To be effective, regulations need to be clear and self-explanatory. To help achieve that, we are ready to engage in an active dialogue with European policymakers. This process is likely to require continuous follow-up, monitoring and adjustment. We will make every effort to secure this important work.
European banks will continue to remain vigilant against cyber threats.
As the banking sector representative, the EBF intends to fully fulfill its role by actively cooperating with European authorities throughout this crisis.
Source – EBF via e-mail