Speakers
Chair
José Manuel Campa
Chairperson - European Banking Authority (EBA)
Public Authorities
Magdalena Szwarc
(Industry Speaker) - Head of the Legal Area
Michael Theurer
Member of the Executive Board - Deutsche Bundesbank
Industry Representatives
Bernhard Spalt
Chief Risk Officer - Commerzbank AG
Fernando Vicario
Chief Executive Officer, Bank of America Europe DAC & Country Head, Ireland - Bank of America Europe DAC
oen Holdtgrefe
Global Head of Regulatory Policy & Deputy Global Head of Government & Public Affairs - Deutsche Bank AG
Objectives
This session will first assess whether banks in Europe are resilient enough to cope with geopolitical risks. The discussion will then examine the regulatory and supervisory priorities for EU banks in the context of the Savings and Investment Union. Finally, speakers will be invited to share their views on the challenges and issues raised by the divergent implementation of Basel 3 across jurisdictions. The panel will not address issues related to the Banking Union and climate risks, or cyber and digital resilience, as these will be covered in other sessions of the event.
Points of discussion
- Geopolitical risks Are European banks generally sound enough to withstand immediate macro-financial threats and severe geopolitical shocks?
- Regulatory and supervisory priorities for EU banks regarding the Savings and Investment Union
a) What should be the priority areas so that European banks can fully play their role in achieving the SIU (channelling savings into productive investments, financing SMEs, financing green and digital investments, market making, etc.)?
b) Do they have the funding and capital resources to fully play their role, and how to increase their risk capacity and capital velocity (better calibration of capital and liquidity charges, securitisation, etc.)? What should be the EU regulatory and supervisory priorities to enable European banks to play their full role?
c) How can Europe achieve economies of scale and regain real sovereignty in capital markets activities, a sector where US banks are steadily gaining market share in Europe? - Implementation of Basel 3 and global consistency issues
a) What challenges and problems do EU banks face from divergent implementation of Basel 3 across jurisdictions? What measures should the EU take to address these competitive distortions?
b) Will European banks be allowed to offset the consequences in terms of increased prudential requirements caused by the implementation of these rules, by reducing pillar 2 buffers?