Social dialogue in the Banking sector covers activities related to NACE (Rev.2) codes 64 (except 64.11), 66.10 and 66.30, which are:
- financial service activities (except insurance and pension funding),
- activities auxiliary to financial services (except insurance and pension funding),
- fund management activities.
The sectoral social dialogue committee has been created in 1994, replacing the informal working committee previously functioning since 1990.
In the EU, employment in the sector slowly decreased from a peak of 3.9 million in NACE 64 in 2011 to 3.7 million in 2017, whilst employment in NACE 66 steadily increased from 1.2 million in 2011 to 1.5 million in 2017 (Eurofound representativeness study for the Banking sector, 2019).
The sector faces the following main challenge:
- digital transformation, complexity of regulatory environment and the emergence of new business models,
- economic instability and long-lasting crisis.
Workers' organisations
Employers' organisations
- European Banking Federation - Banking Committee for European Social Affairs (EBF- BCESA)
- European Association of Co-operative Banks (EACB)
- European Savings and Retail Banking Group (ESBG)
Key areas
The Committee currently focuses on:
- the new workplace
- AI & digitalisation
- impact of regulation on employment
- sustainable finance
- equal treatment & diversity, inclusion and non-discrimination
- skills, competences and lifelong learning.
Activities and meetings
Check the library entries for this sectoral social dialogue committee.
Achievements/Joint texts
Check the social dialogue texts database.