Objectives of the roundtable
The session will first assess the consequences of not addressing ring fencing policies on financials stability and the competitiveness of banks in Europe. Then, the speakers will be invited to express their views on policy priorities to address the long-lasting home host issues and the conditions to consider transnational banking groups as integrated entities in the EU regulatory and supervisory practices and not as a collection of stand-alone banks. Lastly, the panel will focus on the key priorities to speed up the creation of a genuine single market in Europe.
Points of discussion
- What would be the consequences of not addressing ring fencing policies on the resilience of the Eurozone to economic shocks, on financial stability and the profitability and competitiveness of banks in Europe?
- Which policy priorities could overcome ring fencing policies and the fragmentation of the EU banking sector? How do we address the long-lasting home-host issues? What are the prerequisites and key success factors to abandon the solo approach for the definition of capital (including output floor) and liquidity requirements and reach an EU agreement to entrust SSM and SRB with effective powers to define the distribution of capital, liquidity and MRELs within cross-border banking groups?
- What should be the political priorities of the Member States and the European Union to speed up the creation of a genuine European single market and allow banks to deploy their lending potential effectively?