Speakers
Objectives
The session aims to generate forward-looking policy insights and to open a political and supervisory discussion on whether and how the EU should adapt its approach to Basel III in light of global developments, while maintaining financial stability, supervisory credibility, and strategic autonomy.The objectives of this session are threefold:To take stock of the current state of Basel III implementation across major jurisdictions, identifying the most significant divergences—whether technical, political or economic—and assessing their consequences for the international level playing field, the soundness of financial systems, and the ability of banks to finance the real economy.To examine the strategic implications for the European Union, particularly the potential trade-offs between maintaining a faithful and timely transposition of the Basel framework and safeguarding the global competitiveness of EU banks. This includes assessing the risks of regulatory arbitrage, capital flight, and reduced credit provision in sensitive segments such as SME or green lending.To reflect on the future of global regulatory cooperation in banking, including the credibility, coordination role and institutional capacity of the Basel Committee on Banking Supervision in a context of increasing geopolitical fragmentation and national recalibration of prudential standards.
Points of discussion
- What are the main divergences in the global implementation of Basel III, and what are their consequences for EU banks and the role of the BCBS?
- How should the EU respond to divergences in Basel III implementation?