Pablo Hernández de Cos
Governor and Chair, Basel Committee on Banking Supervision (BCBS), Member of the Governing Council - Banco de España
Member of the European Parliament, coordinator of the Socialist and Democrats (S&D) political grou - Committee on Economic and Monetary Affairs, European Parliament
Vice-President & MEP, ECON Committee - European Parliament
Assistant Secretary - Ministry of the Economy, Finance and the Recovery Plan, France
Luigi Federico Signorini
Senior Deputy Governor and Member of the Governing Board - Banca d'Italia
Director General for Financial Markets Policy - Federal Ministry of Finance, Germany
Head of public affairs Crédit agricole group - Credit Agricole Group
Senior Executive Advisor to General Management and the Chair of the Board - BNP Paribas
Head of European Public Affairs - Santander
The session will seek to identify the most challenging reforms featured in the final Basel III package that the EU is now implementing, assess the sources of discrepancy regarding the anticipated amount of regulatory capital that most impacted EU banks would have to raise, the societal and economic benefits of addressing outstanding structural flaws in the banking system and safeguarding global financial stability, and finally discuss the possible avenues to implement remaining reforms, and their positives and negatives.
Points of discussion
- What are the most challenging reforms featured in the final Basel III package the EU is now implementing? What is at stake for each of these reforms regarding financial stability and adequate provision of financing of the EU economy by banks and the EU banking landscape?
- What is the actual amount of additional bank capital required from EU banks to comply with these Basel additional reforms? What are the possible avenues to implement remaining reforms, and their positives and negative?