The European Association of Co-operative Banks (EACB), the European Association of Public Banks (EAPB), the European Banking Federation (EBF), the European Fund and Asset Management Association (EFAMA), Insurance Europe (formerly the CEA) and the European Federation of Insurance Intermediaries (BIPAR) would like to share with you our common position to the work concerning the European Commission’s proposals to reform the application of the VAT rules on insurance and financial services.