The EU Roundtable of Financial Centers is an umbrella group for “eleven organisations representing EU financial centres from eight EU member countries... which aims to promote the creation of a common EU financial market, as well as strengthen cooperation, efficiency and exchange regarding financial services between EU member states,” according to Luxembourg for Finance.
Luxembourg for Finance is a promotion agency backed by the grand duchy’s government and industry associations. The organisation’s other members are the Berlin Finance Initiative, Febelfin, FinanceEstonia, FinanceMalta, Finanzplatz Hamburg, Frankfurt Main Finance, Italian Banking, Insurance and Finance Federation (FeBAF), Paris Europlace, Stichting Capital Amsterdam and Stuttgart Financial.
Mackel has been CEO since 2013. He previously was a diplomat, with postings at Luxembourg missions in Shanghai, Washington and Brussels. Mackel said he was “very grateful and honored to have been elected speaker” and that there was “a lot of work ahead of us on issues of common interest”.
The roundtable’s meeting continues on 10 November. The roundtable has been discussing the EU banking and capital markets unions, sustainable finance and post-pandemic economic recovery.
Updated with full list of roundtable members