Скачать или смотреть Banking structural reform "unnecessary and unjustified," industry expert EBF tells EU Parliament

Bank sector representatives on 2 December were invited to speak out against plans for structural reform of the European banking sector at this hearing of the European Parliament's Economic Affairs committee.

Graziano Crema, Head of Regulation Corporate and Investment Banking, Banco Bilbao Vizcaya Argentaria (BBVA), who is a member of the European Banking Federation’s Expert Group on Banking Structural Reform, addresses members of the European Parliament in a public hearing on Bank Structural Reform. He provided the industry view on the European Commission’s proposals for a regulation on structural measures improving the resilience of EU credit institutions.

The expert panel also included Erkki Liikanen, Governor of Bank of Finland and Chairman of High Level Expert Group on reforming the structure of the banking sector, as well as Professor Charles Goodhart, London School of Economics.

The European Banking Federation does not support the Banking Structural Reform proposal as its added value has not been proven, and it would contradict the European Commission’s aim to achieve growth and ensure long-term financing of the European economy. What is more, regulatory concerns around the ‘too-big-to-fail’ and implicit subsidy have already been addressed in Europe by reforms such as CRDIV/CRR, BRRD, Banking Union, MiFID, CSDR, EMIR. If the Banking Structural Reform regulation is implemented as put forward by the Commission, it would be detrimental to the European economy as it would decrease market liquidity and limit the choice and increase the cost of financial products and services for customers, especially SMEs.

Also see: http://www.ebf-fbe.eu/wp-content/uplo...