The OEE

A non-profit association

The European Savings Institute (the OEE) is a non-profit association founded in 1999 and chaired until the end of 2020 by Jacques de Larosière, Honorary Governor at the Banque de France, former Managing Director of the IMF, former President of the EBRD and member of the French Academy of Moral and Political Sciences.

Gérard Rameix, former Chairman of the French Financial Markets Authority (the AMF), present Chairman of the Haut Comité Juridique de la Place Financière de Paris (HCJP), succeeded Jacques de Larosière as chairman of the association in December 2020.

The role of savings in growth is often unknown. The OEE’s members consider as important to better understand the determinants and the economic challenges of savings at the level of Europe, whose economies are closely interdependent, in particular within the euro zone.

Funding the research in savings area

This better knowledge begins with the harmonization of statistical processing applied in the various European countries. It presupposes that they are multiplied, on bases as close as possible from one country to another. Since its creation in 1999, the OEE produced or supported more than 50 empirical, descriptive or theoretical studies on savings. The OEE is keen to select study projects that cover several European countries or to cooperate with researchers in order to have comparisons between countries.

OBJECTIVES

The OEE’s members consider as important to increase the level of knowledge, in particular the harmonization of concepts and procedures applied in this field in different countries. This improvement in knowledge is all the more urgent since the influence of the structure of savings on the financing of economic growth is now widely recognized.

The general objective of the observatory is to provide tools of common interest for understanding and interpreting savings data from different countries, as well as the factors that determine these savings: taxation, nature and location of intermediation, and profitability of investments.

Study topics

Household savings and institutional or intermediated savings

Household savings behaviors facing risk and economic and financial shocks

Financial and real estate savings

The remuneration of savings in all its forms

Savings and taxation

The role of savings in preparing for financing retirement

The role and influence of new financial intermediaries (robo-advisor)

The influence of the structure of savings on business financing and economic growth

Functionning

Each year, the OEE launches a Call for Tenders to carry out studies, the themes of which are chosen by the Scientific Committee chaired by Christian Gollier, Director of the Toulouse School of Economics. The Scientific Committee includes economists, academics, practitioners and finance professionals. The funded studies are presented at conferences bringing together university researchers, savings specialists from financial institutions and regulatory authorities.

Board Meeting

Gérard Rameix, Chairman of the Board Meeting | Elsa Fornero, Vice-Chairwoman of the Board Meeting | Pierre Bollon, General Secretary | Laurent Quignon, Treasurer and representative of BNP Paribas | Thomas Valli, representative of the AFG | Marie Brière, representative of Amundi Asset Management | Christian König, representative of the Association of Private Bausparkassen | Alain Tourdjman, representative of BPCE | François Mouriaux, representative of the Banque de France | Alain Henriot, representative of the Banque Postale | Isabelle Laudier, representative of the Caisse des Dépôts