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EU banking competitiveness: what policy priorities?

EU banking competitiveness: what policy priorities?

Day 2 Afternoon

Thursday 17 September

Location :

ROOM 1

Speakers

Public Authorities
Riccardo Barbieri Hermitte
Director General of the Treasury - Ministry of Economy and Finance, Italy
John Berrigan
Director General - DG for Financial Stability, Financial Services and Capital Markets Union, European Commission
Mark Branson
President & Member of the Supervisory Board, SSM - Federal Financial Supervisory Authority, Germany (BaFin)
Jurand Drop
Undersecretary of State - Ministry of Finance, Poland
Bertrand Dumont
Director General of the Treasury - Direction générale du Trésor
Jonás Fernández Álvarez
MEP - Committee on Economic and Monetary Affairs, European Parliament
François-Louis Michaud
Chairperson - European Banking Authority (EBA)
Industry Representatives
Philippe Bordenave
Senior Executive Advisor to General Management and the Chair of the Board - BNP Paribas
Antony Jancic
Chief Executive Officer - Bank of America Europe DAC
Clotilde L’Angevin
Deputy General Manager - Crédit Agricole S.A.

Session overview

Objectives

Strengthening the competitiveness of the European banking sector has become a strategic priority for the European Union but achieving it will require addressing both structural challenges within the banking sector and Europe's weaker growth, productivity and investment performance.

The session will assess which elements of the Commission's competitiveness agenda are most likely to deliver measurable improvements in the international competitiveness of EU banks and should therefore be prioritised in the forthcoming banking package expected in the first quarter of 2027.

It will discuss how regulatory simplification, supervisory practices, business model transformation and the completion of the Banking Union can contribute to strengthening the competitiveness of EU banks while preserving financial stability. Particular attention will be paid to the interaction between prudential, macroprudential and resolution frameworks, the functioning of the European supervisory and resolution architecture, and the scope for improving transparency, predictability and proportionality.

The session will also examine how a renewed political compromise on the Banking Union could unlock reforms that have become essential for improving the competitiveness of EU banks. It will explore how the legitimate concerns of both home and host Member States can be reconciled to facilitate greater cross-border integration while maintaining financial stability, depositor confidence and a level playing field across the Union.

Points of discussion

  1.  Which elements of the Commission’s competitiveness agenda should be prioritised to strengthen the international competitiveness of EU banks?

    Which reforms are likely to deliver the largest competitiveness gains: deeper capital markets and securitisation, regulatory simplification, better implementation of international standards, greater proportionality or business model transformation?

  2. How should the Banking Union evolve to strengthen the competitiveness of EU banks while preserving financial stability?

    What competitiveness gains could be expected from a better-functioning Banking Union, including greater capital and liquidity mobility, stronger cross-border banking groups and more integrated supervision and resolution?