The European Banking Federation calls for EU strategic sector status for banks, stressing their importance for Europe's competitiveness.

The call comes against the backdrop of a list of 45 policy recommendations submitted ahead of the European parliamentary elections. The EBF emphasizes the need to recognize the vital role of banks in transforming Europe, but the EU has not yet published a list of sectors considered strategic. The EBF report highlights concerns about banking regulation, calling for a review to assess the impact on stability, competitiveness and growth.