Speakers
Objectives
This session aims to assess whether the current banking macroprudential framework in the EU is fit for purpose in light of today’s challenges. A first objective is to evaluate how effectively the existing tools
– such as the countercyclical capital buffer (CCyB), systemic risk buffer (SyRB), and sectoral measures
– are identifying and addressing systemic vulnerabilities within the banking sector, while remaining proportionate to the diversity of banking models across Member States.A key focus will be the consequences of the current fragmentation of macroprudential regimes in the EU. Participants will examine to what extent heterogeneity in calibration, activation thresholds, and supervisory approaches hampers the development of a true single banking market, limits cross-border consolidation and affects the competitiveness of EU banks in global markets.The session will also address the growing need for a more integrated and forward-looking macroprudential strategy. It will explore how better coordination between microprudential and macroprudential supervision
— as well as potential simplification or convergence of the framework — could enhance the coherence, effectiveness, and legitimacy of policy action at EU level.Finally, the session will discuss governance options, including the merits and risks of moving towards a ‘single jurisdiction’ approach for macroprudential decision-making, and the necessary safeguards to maintain national accountability and financial stability.
Points of discussion
- Is the current banking macroprudential framework adequately designed to safeguard financial stability and support an integrated European banking market?
- What are the reasons and the consequences of heterogeneity in domestic macroprudential regimes in Europe?How can the governance, coherence, and efficiency of the banking macroprudential framework be improved at EU level?