Basel III implementation: global consistency challenges

Objectives The Basel III post-crisis framework has been finalized at the global level since 2017 but is still in the implementation process in various jurisdictions, including the US and the EU. The EU sees the framework as essential but believes adjustments are necessary to accommodate the unique risk profiles and business models of EU banks. … Continued

Objectives The ECB is working on enhancing the European retail payment landscape and aligning the retail payments strategy with the digital euro project. Efforts include bolstering resilience in response to digitalisation, consumer behaviours, legislative actions, and promoting financial inclusion and digital accessibility. The EU has progressed in legislation to improve the availability of instant payment … Continued

Objectives The Digital Euro has raised key questions within the EU payment landscape, focusing on financial intermediaries, stability, inclusion, and data privacy. It aims to provide a convenient and secure payment method, meeting evolving individual needs and stimulating innovation. Additionally, it seeks to reduce Europe’s reliance on foreign providers and strengthen the region’s payment system. … Continued

Objectives This session will take stock of the progress made in the approaches of the co-legislators on the RIS proposals and discuss issues that remain to be further clarified and addressed with regard to the key measures proposed in the RIS and for the successful implementation of the RIS proposals. Points of discussion Proposals on … Continued

Objectives The first objective of this session is to clarify how competitiveness can be defined in the capital market and why it matters and to evaluate the current strengths and weaknesses of EU capital markets in this regard. Secondly, the panel will discuss how the competitiveness of EU capital markets can be improved, whether the … Continued

Objectives During the last sessions organised by Eurofi on the diversity of business models, a consensus was reached between industry and public policy makers that: – The variety of banking business models, provided they are viable and sustainable (i.e. profitable and resilient), is an asset to ensure financial stability in Europe and to meet the … Continued

Objectives The objective of this session is to discuss the main impacts expected from the adopted EMIR 3 proposals, the conditions for a successful implementation of these measures  and the priorities for the next European political cycle in the clearing space. Points of discussion EMIR 3 agreement on measures to reduce over-reliance on third-country CCPs … Continued

Objectives The launch of the banking union project was a response to the EU Sovereign crisis (2011-2012). The Covid Crisis and the banking turmoil earlier this year has shown that the creation of a Single Supervisory Mechanism (2014) has helped promote a more resilient European banking sector. But 10 years after its creation, the project … Continued

Objectives The objective of this session is to discuss the additional improvements needed in the European post-trading space to support the objectives of the CMU and the priorities for the next European political cycle in this area. The discussion will concentrate on settlement activities. The panel will first assess the proposals currently being considered to … Continued

Objectives On 18 April 2023, the European Commission published its proposal concerning the review of the BRDD, SRMR, DGSD and daisy Chains Directive – the Crisis Management and Deposit Insurance Proposal (CMDI). The session will first discuss how to address the funding gap in resolution notably for small and medium sized banks whether or not … Continued