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Improving the global competitiveness of the EU ​ banking sector : key drivers and policy priorities?

Day 3 Morning

Friday 25 February

Room :

NORMANDIE (-1 floor)


Mark Branson
President - Federal Financial Supervisory Authority, Germany (BaFin)
Public Authorities
Dominique Laboureix
Secretary General - Autorité de Contrôle Prudentiel et de Résolution (ACPR)
Elizabeth McCaul
Member of the Supervisory Board - European Central Bank (ECB)
Industry Representatives
Christian Edelmann
Managing Partner Europe - Oliver Wyman (UK)
Beatriz Martin Jimenez
UK Chief Executive and Group Treasurer - UBS
Frédéric Oudéa
Chief Executive Officer - Société Générale
Stanislas Roger
Vorstand, Member of the Executive Board, Chief Executive Officer, SMBC Bank EU & Executive Officer - SMBC Bank International plc (SMBC)

Objectives of the roundtable

The major European banks have lost their competitiveness and remain generally less profitable and undervalued compared to their global counterparts.

The session will first discuss the reasons of this significant gap between large EU banks and their American and Asian peers and the related consequences of such a gap. Then the panel will focus on the priorities to put in place to close this gap.

Points of discussion

  1. How can we explain the significant gap in competitiveness between the main European banks (GSIBs in particular) and their American and Asian competitors? Is that a problem? What are the consequences of the increasing market share of non-EU investment banks in the EU continent for the financing of the climate and digital transition and the EU economy and more generally for the strategic autonomy of Europe in the financial area?
  2. What operational and strategic drivers should banks put in place to close this gap? 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?