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Financing the Europe of tomorrow

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Over the last years the political discussion on the finance sector has focused on one question: How to regulate the banking sector to achieve more financial stability?
As we all know, this discussion has led to a number of results. Although rule makers sometimes „cracked a walnut with a sledgehammer“ – basically they have drawn the right conclusions and have implemented them: higher capital requirements for banks
as well as stricter liquidity requirements (to unbundle the institutes) the banking union
greater transparency in financial markets to name only the most important ones.
However, now it is time to look ahead and move forward. Our efforts should not only focus on making the banking system as stable and safe as possible. What we need is the best possible banking system for Europe’s citizens and companies. In other words: Strong and profitable banks are indispensable – especially with regard to the many challenges Europe is facing today.

Published in: Economy & Finance
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Financing the Europe of tomorrow

  1. 1. Financing the Europe of tomorrow EBF’s vision paper Christian Ossig, Chief Executive, Association of German Banks Brussels September 27th, 2018 EBF European Banking Summit Financing Growth
  2. 2. ©BundesverbanddeutscherBankene.V. 10 years after: stability and efficiency?! 2 2008: Financial crisis Banking regulation Financial stability! ? Efficiency?
  3. 3. ©BundesverbanddeutscherBankene.V. Major challenges for Europe’s economy lie ahead 3 Strong & profitable banks in a fully integrated European market competitiveness innovation digital transformation sustainability attractiveness
  4. 4. ©BundesverbanddeutscherBankene.V. EBF’s vision paper 2018 4
  5. 5. ©BundesverbanddeutscherBankene.V. 1. Banks’ role in financing the economy 5 CompaniesBanks • long-term relationship • risk analysis • loans • payments • risk management • …
  6. 6. ©BundesverbanddeutscherBankene.V. NPL problem in the EU has diminished 6
  7. 7. ©BundesverbanddeutscherBankene.V. Lending in the EU has picked up again 7
  8. 8. ©BundesverbanddeutscherBankene.V. Credit standards have eased 8
  9. 9. ©BundesverbanddeutscherBankene.V. n Wider spreading and hedging of risks in the market. n Investments in innovation require equity from the market. n Thanks to the banks’ role and function companies are able to obtain stable capital market funding. 2. We need more capital markets 9 Capital markets Banks
  10. 10. ©BundesverbanddeutscherBankene.V. 3. Strengthen the capital markets n harmonise civil law n uniform supervisory rules n revise banking regulation n strengthen investment culture 10 fully integrated EU capital market with strong banks fragm entation
  11. 11. ©BundesverbanddeutscherBankene.V. 4. We need fair competition n with other financial actors, like bigtechs n with other regions, especially the US 11 Level playing field
  12. 12. ©BundesverbanddeutscherBankene.V. 5. Framework for financing sustainability 12 International initiatives the European Commission’s Action Plan on Sustainable Finance First: What is green? à Define the criteria for sustainability. Second: Find transparent and consistent regulatory measures. Market dynamics in Europe
  13. 13. ©BundesverbanddeutscherBankene.V. Name: Title: E-mail: Thank you for your attention Association of German Banks Christian Ossig Chief Executive Christian.Ossig@bdb.de

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