Financing the economy – Impacts of the new Basel banking standards

Financing the economy – Impacts of the new Basel banking standards

The banking and financial sector eagerly awaits, but also with some concern, to see how the legislator will implement the compromise reached by the Basel Committee on Banking Supervision at the end of 2017 to strengthen the capital framework of the banking system. The Commission plans to bring forward a proposal regarding the matter by early 2020. Cause for concern is a comprehensive study by the European Banking Authority (EBA) published this summer. This study shows that the full implementation of Basel III in the EU will significantly increase the minimum capital requirement for banks, resulting in a total capital shortfall of at least EUR 135 billion. Not only the major international banks, but also medium-sized and small banks would have to increase their minimum capital irrespective of their business model. According to the EBA's calculations, the Basel Committee's declared objective that the capital requirements should not rise above 10% as a result of the new regulations would be far exceeded. In this context, we anticipate a fascinating discussion of the following issues: How should the Basel standards be implemented in Europe? Are there any special European aspects that need to be taken into account? What impact will the new Basel standards have on financing the European economy?

Panel am 15.10.2019

Welcome Address and Introduction

Martin J. Worms, State Secretary, Ministry of Finance of the State of Hessen

Olivier Guersent, Director General, DG FISMA, European Commission

Panel Discussion

Olivier Guersent, Director General, DG FISMA, European Commission

Martin J. Worms, State Secretary, Ministry of Finance of the State of Hessen

Markus Ferber MEP, EPP ECON Coordinator

Marcus Chromik, Member of the Board of Managing Directors, Chief Risk Officer, Commerzbank

Peter Fleischer, Head of Investor Relations, voestalpine AG

Concluding remarks

Christian Ossig, Chief Executive, Association of German Banks

Simultaneous interpretation into English and German will be provided. Please register via link.

 

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