Sectoral social dialogue - Banking

Social partners

Workers' organisations	Employers' organisations
UNI Europa	European Banking Federation - Banking Committee for European Social Affairs (EBF- BCESA)
	European Savings Banks Group (ESBG)
	European Association of Co-operative Banks (EACB)

The Sectoral Social Dialogue Committee was set up in 1999.

This sector covers activities embraced by NACE (Rev. 2) class 64, except for code 64.11 (central banking):

financial service activities other than insurance and pension funds.

In the EU, around 3.7 million people are employed in the banking sector (Eurostat, LFS data 2014).

Major challenges are the changing legislative framework as a result of the global financial crisis and the Eurozone crisis, bank supervision, image of the industry, digitalisation and professional ethics, linked to the issue of variable pay in the sector.

Focus areas and projects

The Committee currently focuses on:

mapping exercise-data collection of general employment data as part of the project ‘’impact of banking regulation on employment’’,
corporate social responsibility- follow up of Joint declarations (2005, 2014),
integration of Social Partners from newer EU countries into the work of the committee information.

The topic of lifelong learning was extensively discussed in the context of the dedicated project on lifelong learning. Furthermore, employees' representatives have undertaken a project on responsible sale of financial products and the role of trade unions in financial regulation and supervision.