EFAMA's reply presents the work of its Investor Education Platform (IEP) and how it supports the EU's Financial Literacy Strategy. It explains the IEP's open, modular model, in which EFAMA produces educational resources centrally, and national associations translate, adapt and distribute them locally; it sets out how this work meets the Commission's evaluation criteria; and it gives examples of member associations' initiatives in 28 countries.

Today, EFAMA and 22 other European business, financial and professional associations published a joint statement warning that “Europe cannot prosper under the weight of unnecessary complexity”. The statement calls on Member States to agree on the Commission’s Tax Simplification Package without losing its ambition in the negotiations. It argues that Europe’s competitiveness and its ability to create good jobs depend on cutting unnecessary costs and removing barriers to cross-border investment.