Past Event

Impact of regulatory and supervisory reform on the banking sector

In the framework of our 10th anniversary celebrations, Bruegel is organising a series of events in the capitals of our member states. These debates, talks and conferences will bring crucial European topics to audiences across the continent. One year after a major overhaul of European banking regulation and supervision, the National Bank of Belgium and […]

Date: January 28, 2016, 12:30 pm Topic: Finance & Financial Regulation

In the framework of our 10th anniversary celebrations, Bruegel is 10th-anniversary
organising a series of events in the capitals of our member states. These debates, talks and conferences will bring crucial European topics to audiences across the continent.

One year after a major overhaul of European banking regulation and supervision, the National Bank of Belgium and Bruegel aim to take stock of the impact on the Banking Sector. At the regulatory front, the new capital adequacy regime was implemented in 2014. As of January 2016, the capital adequacy package is complemented with a new resolution regime. These new regulations aim to strengthen both the soundness and the resolvability of the banking sector with a view to reduce the need for government bailouts. At the supervisory front, the ECB started supervision in November 2014, after a major asset quality review.

The European banking sector is undergoing a large transformation, characterised by a downsizing of the sector and a renewed focus on the client. It is timely to assess the impact of the reforms on the European banking sector. What is the impact on banks’ business models? Are banks now more sound and resolvable?

This event was hosted at the National Banking of Belgium and jointly organised by the National Bank of Belgium and Bruegel.

event materials

Olivier Hamoir – Speech

Luc Coene – Presentation

Pierre Wunsch – presentation (originally by Mathias Dewatripont)

Dominique Laboureix – Presentation

Dirk Schoenmaker – Presentation

Johan Thijs – Presentation

Schedule

Jan 28, 2016

12.30-13.30

Check-in and lunch

13.30-15.00

Impact of Regulatory Reform

Chair: Guntram B. Wolff, Director

Diederik van Wassenaer, ING

Erik van der Plaats, DG FISMA, European Commission

Mathias Dewatripont, Executive Director, National Bank of Belgium

Olivier Hamoir, Director Emeritus of McKinsey

15.00-15.30

Coffee Break

15.30-17.00

Impact of Supervisory Reform

Chair: Luc Coene, Supervisory Board of the ECB

Dirk Schoenmaker, Non-Resident fellow

Dominique Laboureix, Single Resolution Board

Johan Thijs, CEO KBC Group

Luc Coene, Supervisory Board of the ECB

17.00-17.45

Drinks

Speakers

Luc Coene

Supervisory Board of the ECB

Mathias Dewatripont

Executive Director, National Bank of Belgium

Olivier Hamoir

Director Emeritus of McKinsey

Dominique Laboureix

Single Resolution Board

Dirk Schoenmaker

Non-Resident fellow

Johan Thijs

CEO KBC Group

Erik van der Plaats

DG FISMA, European Commission

Guntram B. Wolff

Director

Diederik van Wassenaer

ING

Location & Contact

Rue Montagne aux Herbes potagères 61, Brussels

Matilda Sevón

matilda.sevon@bruegel.org +32 2 227 4212

Read about event

Past Event

Past Event

European Banking Supervision: the past five years and prospects for the future

This event will look back at the first five years of the Single Supervisory Mechanism.

Speakers: Danièle Nouy and Guntram B. Wolff Topic: European Macroeconomics & Governance, Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: November 20, 2018
Read article More on this topic More by this author

Podcast

Podcast

Deep Focus: How to improve anti-money laundering efforts in Europe

In this episode, Bruegel senior fellow Nicolas Véron joins Sean Gibson to discuss the recent Policy Contribution on how to better the European Union anti-money laundering (AML) regime, a paper he has co-written with Joshua Kirschenbaum.

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: October 30, 2018
Read article Download PDF More on this topic

Policy Contribution

A better European Union architecture to fight money laundering

A series of banking scandals in multiple EU countries has underlined the shortcomings of Europe's anti-money laundering regime. The impact of these shortcomings has been further underlined by changing geopolitics and by the new reality of European banking union. The imperative of establishing sound supervisory incentives to fight illicit finance effectively demands a stronger EU-level role in anti-money laundering supervision. The authors here detail their plan for a new European unitary architecture, centred on a new European anti-money laundering authority that would work on the basis of deep relationships with national authorities.

By: Joshua Kirschenbaum and Nicolas Véron Topic: European Macroeconomics & Governance Date: October 25, 2018
Read article More on this topic More by this author

Blog Post

Criteria for entry into the ERMII and the banking union: the precedent from Bulgaria

In its bid to join the single currency Bulgaria has made commitments on financial supervision but also wider structural reform which set a precedent for future applicants for participation in the exchange rate mechanism ERMII. Most conditions, though not all, are justified by the additional demands of the banking union. But the envisaged timeline seems ambitious, and verification will not be straightforward.

By: Alexander Lehmann Topic: European Macroeconomics & Governance Date: August 29, 2018
Read article More on this topic

Blog Post

European bank mergers: domestic or cross-border?

As the European economy recovers from the global financial crisis, bank mergers are back on the agenda. While cross-border mergers have been predicted before, most European bank mergers have been domestic until now. What are the odds of cross-border mergers in the upcoming bank-consolidation wave?

By: Patty Duijm and Dirk Schoenmaker Topic: Finance & Financial Regulation Date: June 21, 2018
Read article More by this author

Podcast

Podcast

Director's Cut: Developing deposit insurance in Europe

In this week’s Director’s Cut of ‘The Sound of Economics’ podcast, Bruegel director Guntram Wolff talks with Nicolas Véron, senior fellow at Bruegel, about the implementation of a European Deposit Insurance Scheme (EDIS), one of the three pillars needed for the completion of banking union.

By: The Sound of Economics Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: April 3, 2018
Read article More on this topic

Blog Post

The (economic) ties that bind: The western Balkans and the EU

The western Balkan economies are already closely integrated with the EU; the EU is their largest trade partner, their largest source of incoming foreign investment and other financial flows, and the main destination for outward migration. Monetary and financial systems in the region are strongly dependent on the euro. Progress in EU accession can further strengthen economic ties between six western Balkan countries and the EU, with benefits for both sides.  

By: Marek Dabrowski and Yana Myachenkova Topic: European Macroeconomics & Governance Date: March 14, 2018
Read article Download PDF More on this topic

Working Paper

Will macroprudential policy counteract monetary policy’s effects on financial stability?

How does monetary policy impact upon macroprudential regulation? What are the effects on financial stability? This working paper models monetary policy’s transmission to bank risk taking, and its interaction with a regulator’s optimization problem.

By: Itai Agur and Maria Demertzis Topic: Finance & Financial Regulation Date: January 24, 2018
Read article Download PDF More on this topic More by this author

Policy Contribution

Risk reduction through Europe’s distressed debt market

The resolution of non-performing loans (NPLs), a stock of roughly €870 billion in the EU banking industry, is central to the recovery of Europe’s banking sector and the restructuring of the excess debt owed by private sector borrowers. Could the development of distressed debt markets be a new element of capital market deepening in Europe?

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: January 18, 2018
Read article Download PDF More by this author

Policy Contribution

European Parliament

Bank liquidation in the European Union: clarification needed

Critical functions and public interest. What role do they play in Member States’ decision to grant liquidation aid? The author of this paper looks at how resolution and liquidation differ substantially when it comes to the scope of legislation applicable to the use of public funds and how the diversity in national insolvency regimes is a source of uncertainty about the outcome of liquidation procedures.

By: Silvia Merler Topic: European Macroeconomics & Governance, European Parliament, Finance & Financial Regulation, Testimonies Date: January 10, 2018
Read article Download PDF More by this author

External Publication

European Parliament

Critical functions and public interest in banking services: Need for clarification?

What is the role that the concepts of critical functions and public interest play in Member States’ decision to grant liquidation aid? Silvia Merler looks at the recent liquidation of two Italian banks to show how resolution and liquidation differ substantially when it comes to the scope of legislation applicable to the use of public funds.

By: Silvia Merler Topic: European Macroeconomics & Governance, European Parliament, Finance & Financial Regulation, Testimonies Date: December 18, 2017
Read article More on this topic More by this author

Podcast

Podcast

The future of Capital Markets Union

Bruegel senior scholar Nicolas Véron speaks with Steven Maijoor, the chair of ESMA, about the future of the Capital Markets Union (CMU), and of the EU's financial supervisory architecture.

By: The Sound of Economics Topic: Finance & Financial Regulation Date: November 16, 2017
Load more posts