The financial and sovereign crises have hit the foundation of the banking sectors around the globe. This requires policy makers to look beyond the current available regulatory and supervisory toolbox at the structure of the banking sectors. Commissioner Michel Barnier announced therefore in November 2011 to set up a high-level expert group. Led by Governor Erkki Liikanen of the Bank of Finland the experts examined whether the present regulatory reforms in the EU are sufficient or additional structural reforms are required. After eight months of work the expert group presents its recommendations to the European Commission. The report’s recommendations will be discussed with Mr Liikanen during a CEPS lunchtime meeting.
Participation in CEPS Lunchtime meetings is a benefit of membership. Non-members may be admitted for €50, paid in cash at registration. A sandwich lunch (€6) will be served before the event, from 12.30 onwards.
