technology exposes a mixture of liquid crystal micro-droplets suspended in a photopolymer solution to record a hologram.
stressed, however, the importance of adequate attention to the specific needs of different sectors.
In this context, the European Savings Bank Group (ESBG) has recently been stepping up its calls for wider access to finance in Europe.
The ESBG thinks that this could cause problems for small banks in Europe, and in turn limit the availability of funding to small businesses.
Cross-border consolidation largely helps multinational wholesale banks, but does little for retail or savings banks, which tend to be decentralised institutions with a local customer base, explained Chris De Noose, Chairman of the ESBG Management Committee.
The ESBG is especially worried about the possible exclusion of customers from financial services that might result from increased banking consolidation, because high levels of concentration in domestic markets could lead to a decline in the number of branches.
But the ESBG also comments that banking consolidation is not without its benefits.
European Savings Banks Group (ESBG
) Chairman Chris De Noose said the banks were very much committed to the code and were confident that the situation has greatly improved since last year's publication of the figures Mr Byrne mentioned.
The European Savings Banks Group (ESBG
) is highly supportive of the new proposal.
The Committee includes representatives from the European Savings Banks Group (ESBG
), the European Association of Co-operative Banks (EACB), the European Mortgage Federation (EMF), the European Association of Public Banks (EAPB), the European Federation of Building Societies (EFBS), and the European Federation of Finance House Associations (Eurofinas)/the European Federation of Leasing Company Associations (Leaseurope).
"At the end of the day we must pay due attention to the terrorism angle, but at the same time we must work on the 100s of millions of Dollars of unnecessary costs per year", said Norbert Bielefeld, deputy Director of Payment Systems for the ESBG
. The savings banks say they have already taken steps forward in banking partnerships with an impact on the inter-banking charges for transfers, and hope to involve.
A consortium of financial services experts headed by the Consultancy Services Division of the European Savings Banks Group (ESBG
) is executing the project for the EU.