Speakers
Objectives
Objectives
The objective of this session is threefold:
First, to assess whether the current degree of fragmentation and the persistence of home-host tensions have become a systemic risk for the EU, undermining financial stability, economic resilience and the international competitiveness of the European banking sector.
Second, to discuss what realistic and credible steps could be taken in the absence of a comprehensive political agreement, in order to reduce ring-fencing, restore trust between national and European authorities, and improve the functioning of cross-border banking groups.
Third, to explore the conditions under which a broader EU agreement could eventually be achieved, combining a European Deposit Insurance Scheme, greater freedom of capital and liquidity movements within banking groups, and the recognition of legally binding group support mechanisms, while addressing Member States’ concerns and political constraints.
Points of discussion
- To what extent has the persistence of fragmentation, national ring-fencing and home–host tensions in the Banking Union become a systemic risk for the European Union, in light of today’s economic, financial and geopolitical environment and the EU’s objectives in terms of resilience, strategic autonomy and financial integration?
- What political, institutional and risk-sharing conditions would be required to achieve a comprehensive and credible EU-level agreement combining a European Deposit Insurance Scheme (EDIS), greater freedom of capital and liquidity movements within cross-border banking groups, and the recognition of legally binding group support mechanisms across jurisdictions?