EFBS Annual Meeting 2010 in Munich

On 24 October 2007, the Annual Meeting of the European Federation of Building Societies took place in the Hotel Sofitel Bayerpost in Munich. 

The Legal Affairs Committee meeting focused in particular on topics as possible changes to the Capital Reqirements Directive (CRD) and Directive on Consumer Rights.

Current ‘bauspar’ developments in 2009 and perspectives in 2010 were discussed during the meeting of the Housing Policy and Marketing Committee.

During the meeting of the Management Council the study “A European internal market for mortgage credit” was discussed. The study was presented on 26 April 2010, an event organised by the European Office at the European Parliament in Brussels. The Verband der Privaten Bausparkassen, the Bundesgeschäftsstelle der Landesbausparkassen and the Verband Deutscher Pfandbriefbanken commissioned the study from the Institut der Deutschen Wirtschaft (Cologne) in cooperation with the Centre for European Economic Research (Mannheim) and Professor Johannes Köndgen (University of Bonn). In the study, the general economic and legal conditions of seven Member States are examined as examples. The authors draw the following conclusion: anyone wishing for cross-border competition in mortgage credit may not rely on harmonisation but must develop an alternative to national rules. European regulation of mortgage credit does not promote the cross-border supply. Therefore, the authors of the study advocate an optional European legal regime as an alternative.

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