The World Federation of Exchanges (WFE) position in response to the European Commission's consultation on its Communication on the Competitiveness of the Banking Sector and the Single Market in Banking, published on 17 July 2026, is set out in the attached document.
EU consultation
Competitiveness in the single banking market
8 submissions from 8 organizations told the European Commission what they think about this file. Here is what each of them said, in their own words.
The Commission lists 52 submissions on this file. Shown here: the 8 from organizations. Not shown, by design: submissions from private individuals, which we never publish, and anything filed since our last weekly refresh.
Who showed up
5 submissions from industry — companies and their trade associations — against 2 from civil society: NGOs, consumer organizations, environmental groups and trade unions. That is 2.5 industry submissions for every one from civil society.
Industry 5Civil society 2Public authorities, academia, other 1
Groupings use the respondent type each organization selected when filing. Counting submissions, not organizations — a body that filed twice is counted twice.
The file, right now
The consultation is open — 18 days left to submit. It closes on 17 Sept 2026.
Responding? PolicySpeak drafts consultation responses grounded in your organization’s own positions. Request access.
- Policy area
- Financial services (DG FISMA)
- Where it stands
- Awaiting adoption
- Commission reference
- COM(2026)615
How it got here
- Call for evidence11 Mar 2026
- Communication17 Sept 2026 · upcoming
Also on the Commission’s pipeline for this file, with no date recorded: Initiative planned.
8 positions
The Czech National Bank's (CNB) position in response to the European Commission's consultation on its Communication on the Competitiveness of the Banking Sector and the Single Market in Banking, published on 17 July 2026, is set out in the attached document.
AN
Asociación Española de Externalización de Procesos y Servicios (AEPROSER)
· · filed 24 Aug 2026 · source
The Communication rightly identifies the need to strengthen the competitiveness of the European banking sector. From an Artificial Intelligence (AI) perspective, competitiveness should not be measured solely by the speed of technological adoption, but by the institutional capacity to deploy AI while preserving supervisory confidence, legal certainty, operational resilience and customer trust.
The Bank welcomes the European Commissions initiative to assess the competitiveness of the EU banking sector and recognises the important role that banks play in supporting economic growth, investment and financial stability across the European Union.
Banco Santander welcomes the European Commissions Communication on the competitiveness of the banking sector and the Single Market in banking. It provides a useful foundation for strengthening Europes banking sector while safeguarding financial stability. We particularly welcome the Commissions call for a more proportionate, risk-based and economically grounded approach to regulation and supervision.
FB
French Banking Federation
· · filed 30 Jul 2026 · source
The French Banking Federation (FBF) welcomes the European Commission's recognition that prudential rules should be assessed not only through the lens of financial stability, but also through their impact on growth, investment and financing capacity.
As the voice of the Spanish Savings and Retail Banks, CECA represents 43% of the Spanish market mortgages; 35% of its retail credit; 38% of its retail deposit and more than 1 billion euros invested in social activities.
RF
Reclaim Finance
· · filed 20 Jul 2026 · source
The proposed initiative on the competitiveness in the single banking market is largely influenced by the idea that lower capital requirements and prudential obligations would increase bank competitiveness and - in turn - benefit the EU economy. Yet, research shows that there is no evidence that higher capital buffers lead to structural restrictions on lending.
Take the dataCSV — all 8 submissionsJSONFull text, not the excerpt. Free to cite.Search every submission →
Method. Every quote is verbatim from the organization’s own submission to the European Commission, trimmed to its opening passage and never summarized by a model. Where a submission was filed in another EU language we show the English text the European Commission publishes alongside it, labeled on the quote; the original is one click away at the source. Groupings use the respondent type the organization itself selected when filing. We deliberately do not label anyone “supportive” or “opposed” — you read what they wrote and draw your own conclusion. Organizations only, never individuals. Reused under Commission Decision 2011/833/EU; the European Commission is not liable for this reuse.