The target sector of EUROSOFIN is the financial sector with a focus on banks. This sector is extremely important in Europe and for the covered countries in terms of GDP share and employment. In the EU, the sector employs around 4.2m employees. Major challenges are the changing legislative framework as a result of the global financial crisis and the Eurozone crisis, increased banking supervision, image of the industry, skills needs, and demographic change. The target groups of EUROSOFIN are social partners with trade unions and employers’ organization at EU level and from the participating countries. The sectoral social partners at EU level in the banking sector are UNI Europe Finance (employees) and the European Banking Federation, the European Savings Banks Group and the European Association of Co-operative Banks (EACB).