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24 November 2016

EBF takes note of EU plans to revise regulatory framework


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The European Banking Federation responded to the comprehensive package that the European Commission has presented to revise the regulatory framework for financial services in the EU.


The package includes, among others, a revision of the EU Capital Requirement Regulation and Directive, known as CRR and CRD=IV. It also includes proposals for the Net Stable Funding Ratio, the Leverage Ratio and an update of the EU Bank Recovery and Resolution Directive with the standard for Total Loss Absorbing Capacity. These are the final elements the EU needs to introduce in order to complete the G20 global post-crisis reform agenda.

Says Wim Mijs, Chief Executive Officer of the EBF: “This package is about implementing global standards and about re-calibrating provisions where evidence has established that the earlier regulatory response was heavy-handed. It is not about de-regulation but about better regulation, reducing complexity and linking finance to growth as part of a stable framework.

“We call on the EU’s co-legislators to carefully review this package and also urge them to be more ambitious when it comes to creating jobs and growth in Europe through an efficiently regulated single market for finance. Banks should be able to continue to play their role as lenders while remaining resilient, robust, innovative and competitive, both in the European and global playing fields.”

Press release

EU business article



© EBF


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