Speakers
Objectives
During the previous meetings organised by Eurofi on business model diversity, a consensus was reached between industry and public policy makers that:
– The diversity of banking business models, provided they are viable and sustainable (i.e. profitable and resilient), is an asset for ensuring financial stability in Europe and for meeting the different financing needs of economic agents within the EU.
– The fundamental objective of supervisors, and of the SSM is to analyse the risks that banks take and whether the institutions are properly managed.
– Regulators and supervisors should be neutral with regard to the organisation of business models. Business models are already supervised on the basis of proportionality and individual assessment.
The aim of this session is to discuss how regulation and supervision in Europe can contribute to ensuring the coexistence and complementarity of different banking business models in Europe. In addition, speakers will be invited to give their views on the impact of the digitalisation regulations currently under discussion on the diversity of business models and the priorities of the new Commission in this area.
Points of discussion
- How can we ensure in Europe the coexistence, complementarity and development of different banking business models (traditional commercial, cooperative or mutual banks, digital banks, fintechs, etc.) and provide a banking offering that meets the needs of all segments of the public, in all EU territories? Does European regulation and supervision need to evolve to achieve these objectives and if so what should be the priorities?
- To what extent do the European digital regulations currently under discussion (FIDA, Retail Investment Strategy, euro digital…) affect the diversity of banking business models, and how can this be remedied? What should the new Commission’s priorities be in this area?