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Impacts of Basel III on EU financial activities

Day 2 Afternoon

Thursday 12 September

Room :

Fennia II - Roundtable

Speakers

Chair
Joachim Wuermeling - Member of the Executive Board, Deutsche Bundesbank
Public Authorities
Jose Manuel Campa Fernández - Chairperson, EBA
Ryozo Himino - Vice Minister for International Affairs, Japan FSA
Martin Merlin - Director, Bank and Insurance, DG FISMA European Commission
Industry Representatives
Alban Aucoin - Head of Public Affairs, Crédit Agricole S.A.
Philippe Bordenave - Chief Operating Officer, BNP Paribas
Karin Dohm - Global Head of Government & Regulatory Affairs and Group Structuring, Deutsche Bank AG
Casper von Koskull - President and Group Chief Executive Officer, Nordea Bank Abp

Objectives of the session

Before the EU Commission launches later in 2019, another round of public consultations regarding the content of the latest Basel III banking package, the session is dedicated to clarifying:

  • The added value and magnitude of impact, of each feature of the revised bank prudential framework (risk sensitivity, etc…), notably after the significant effort provided in the EU through the TRIM project.
  • The likely consequences notably for the ability of the different types of EU banks to finance the EU economy, taking into account the specificities of EU financing mechanisms.
  • The possible policy priorities to achieve an appropriate implementation of the final Basel III reforms in the global context.

Points of discussion

What are the specific impacts in the EU and globally, expected from the new architecture of the bank prudential framework as adjusted by final Basel III reforms? What are the leading factors of theses impacts?

What is the added value of the latest Basel III reforms in the context of the TRIM exercise completed by the SSM? Is the Basel Framework still a risk-based framework?

What are the likely consequences of the regulatory evolutions introduced by the final Basel III reforms in terms of bank behaviour, financing cost…? How do these reforms fit with EU banking and economic priorities?

What are the possible policy priorities and the relevant legislative path required to appropriately implement the final Basel III reforms in the EU in the global context?