Nordea’s chief executive officer (CEO) and the present chairman of the Swedish Bankers’ Association (SBA), Christian Clausen, has been re-elected as chairman of the European Banking Federation (EBF). He will remain in the position for the coming two years.
“It is of course an honour for me to continue in this role. But most of all, it’s an important responsibility to take on, bearing in mind the intense rate of change currently displayed by the European banking industry and financial regulations,” said Clausen.
“Over the past two years, I have built up a number of contacts among European banks, politicians and representatives of authorities. I look forward to keeping up the discussions and hence contributing to joint solutions to the major and difficult challenges facing Europe. We need to find regulations that create a stable financial sector without impeding lending to companies and households.
“The aim is to reduce the risk of future bubbles and recessions, while at the same time promoting growth and development so that Europe may resolve its debt crisis.”
The EBF is based in Brussels and has 4,500 members from 31 countries.
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