Research areas

The European Credit Research Institute (ECRI) is a think-tank managed by CEPS and has its own board with its own strategy. At present, there are 7 full members in the board (BNP Paribas, ING, International Personal Finance, Providential Finance, VISA Europe, Cofidis and Schufa); in addition, ECRI has two associate members (Sparda Banken and the Association of Luxembourgian bankers). 

(A) “Banking activities scope” covered by ECRI

Due to the relative small size of the board, each of the 6 full members has a lot of power in deciding about the activities of ECRI. These activities all cover the banking activities scope of ECRI:

  1. mortgage credit;
  2. consumer credit;
  3. other types of credit (student loans, etc);
  4. savings account;
  5. current account;
  6. payments.

(B)   “Policy scope” covered by ECRI

The "policy scope" covered by ECRI relates to the banking activities scope” and includes (this is not an exhaustive list):

  1. all the European banking directives/regulations (in particular Mortgage Credit Directive, Consumer Credit Directive, data protection regulation, Payment Service Directive 2, Multi-Fee Interchange Regulation, etc);
  2. all the "non-banking" European directives/regulations which can affect the "banking activities scope" of ECRI (such as all the European regulations in relation to the digitalisation process of the economy, which can affect the development of FinTech: data protection, norms for algorithms, interoperability, etc);
  3. macroeconomic policies (monetary policies, housing policies, etc);
  4. taxation policies.

(C) Activities of ECRI aimed at covering (A) and (B)

Regarding the "activities" of ECRI on which any new full member will have a power of decision, we have:

  1. Regular publications within the "banking activities scope" and "policy scope" of ECRI;
  2. Conferences and events bringing together senior practitioners, distinguished academics and high level officials with the aim of fostering the exchange of ideas on issues of common concern. For example, on 12 May 2015, ECRI organised a highly successful conference on "consumer protection and innovations in financial services": this conference had 200 attendees and 25 senior speakers/panellists, including the heads of consumer protection and innovations of ESMA, EBA and DG FISMA; the report (with the full agenda of the event at the end) can be found here
  3. Task Forces on a specific topic defined and decided by the board members; the objective of each of these Task Forces is to draft a report with key recommendations based on the consensus made with the different members of the Task Force during the related meetings (for example, the last completed Task Force on "Towards a balanced contribution of household credit to the economy" was funded by 19 Member and its related report can be downloaded here); this type of approach is unique in Brussels and has proved to be successful to influence the European regulatory process;
  4. The production of statistics which are used by numerous organisations including international regulators (please see here); this package costs 600 euros but are for free of charge for ECRI Members);
  5. Networking and visibility on the Brussels stage (notably via the ECRI website and the publications of regular Newsletters). 
  6. Projects with the European regulators and the industry where Board Full members can give their views (for example, we are currently working on a project with a prestigious European consumer protection association to address the issues related to FinTech and cross-border activities in the EU).

Please feel free to directly contact ECRI to discuss any membership schemes (via phone: 0494141362 or email

The brochure of ECRI can be downloaded here.