Speakers
Chair
Denis Beau
First Deputy Governor - Banque de France
Public Authorities
Alexandra Jour
(Public authority speaker) - Deputy Director
Dariusz Adamski
Director, Institute of Finance - Ministry of Finance, Poland
José Manuel Campa
Chairperson - European Banking Authority (EBA)
Markus Ferber
MEP - ECON Committee, European Parliament
Industry Representatives
Christian Castro
Head of Public Affairs - CaixaBank
Joerg Hessenmueller
Chief Operating Officer and Member of the Management Board - Standard Chartered Bank AG
Santiago Fernández de Lis
Head of Regulation - BBVA
Objectives
The objective of this session is to identify and assess possible ways forward for simplifying banking regulation while preserving financial stability.
Points of discussion
- What are the issues, challenges and conditions for success in simplifying the European supervisory framework while safeguarding financial stability? How can double regulation at EU and national level be avoided in areas covered by EU legislation?
a. What are the areas where the European banking framework is unduly complex and may create competitive distortions at international level, without any significant financial stability benefits?
b. Is it appropriate and, if so, how can capital requirements be simplified? Can the experience of other jurisdictions be a source of inspiration in this area (?)
c. How to simplify and improve the EU standard setting process? How can we ensure that level 2 and level 3 measures respect the political balance and financial requirements defined at level 1?
d. How can we simplify and standardise reporting and data requirements across Europe to avoid duplication of requests from different European and national authorities? - Is there an urgent need for a full, holistic analysis of the cumulative impact of all the standards and rules being produced in Europe, including by Levels 2 and 3? What could be the benefits expected from this analysis, in terms of international competitiveness of European banks or in terms of a stronger, better integrated Banking Union? a. Who should carry out this in-depth assessment of the impact of all standards produced in Europe? Wouldn’t such an approach also make it easier to assess the proliferation of additional regulatory projects that could hinder the simplification of the overall EU regulatory framework? What conditions would enable national authorities to abandon their ring fencing practices with regard to cross-border groups? How can all Member States be reassured that the European authorities (SSM, SRB) are working in the interests of each of them?