CEPS Financial Roundtable
In the aftermath of the financial crisis the regulatory and supervisory framework has been substantially revised. It remains, however, questionable whether the revisions will deliver the requested sustainable banking sector that supports the real economy. Are changes sufficient and do the revisions trigger unintended side effects? The regulatory overhaul, for instance, seems to push banks towards more similar types of business activities and to make it harder to conduct business through smaller and non-commercial banks. Although it might strengthen the resistance of the individual banks, it might also reduce the diversity and have consequences on systemic stability. This might aggravate the credit squeeze in economic down-turns as well as the likelihood of clustered bank failures.
The roundtable discusses the merits of diversity and whether there is a need to preserve and extend the diversity in the EU financial system as well as how this should be translated into policy.
Marco Pagano, Professor of Economics, Università di Napoli Federico II
Rym Ayadi, Centre for European Policy Studies (CEPS)
Adrian Blundell-Wignall, Special Advisor, Organisation for Economic Co-operation and Development (OECD)
Hervé Guider, General Manager, European Association of Cooperative Banks
Hans-Dieter Holtzmann, Head of EU representation, Deutsche Bank
Alain Deckers, Head of Unit, European Commission
Balázs Zsámboki, Senior Financial Stability Expert, European Central Bank (ECB)
Daniel Gros, CEPS
CEPS Corporate members: 400€
Institutional members: 400€
EU officials: 0€
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