Speech: What’s next for the BCBS

Objectives In less than a fortnight, three medium sized US banks have failed, and Credit Suisse has been taken over by UBS. The recent events have underlined the importance of the full, timely and consistent implementation by national authorities of the agreed reforms in Basel. The session will first assess the causes of the recent … Continued

Objectives The European Parliament has adopted its final report on the EU’s anti-money laundering package and the trialogue is scheduled for April. The forthcoming legislation follows a series of regulations over the last few years. In this context, the session is firstly devoted to an update of legislator and industry positions on the forthcoming legislation, … Continued

Objectives Excessive debt is a source of crisis. Examples abound, such as the European sovereign debt crisis (2011 – 2012) that would not have occurred if public debt in several EU countries had not been so high. Even before the Covid and the energy crises, global debt was at an all-peacetime record. Indeed, the continuation … 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 is an asset to ensure financial stability in Europe and to meet the different financing needs of economic agents within the EU. However, the … Continued

Objectives This session will first discuss the main sources of liquidity risk associated with Money Market Funds (MMFs), the measures that have been proposed by the EU and international authorities for enhancing the resilience of MMFs, the main issues that would need to be tackled in a future review of the EU MMF regulation and … Continued

Objectives While all the stakeholders acknowledge the many positives of the Basel/EU frameworks which were issued in the wake of the great financial crisis when US securitisation played a very negative role. They also stress its poor track record in terms of amount structured in the EU compared with many other jurisdictions, which suggests some … Continued