The two days organized by ABI "Oltre Basilea - Supervision, Risks & Profitability" kicks off today in Rome
“Fair and sustainable growth, employment and the competitiveness of the European economy must be the objectives of the next European legislature. The stability of the financial sector is instrumental to achieving these macro objectives and the related regulatory framework must be assessed in relation to them through adequate ex ante and ex post impact analyzes. " declared the Director General of the # ABI, Giovanni Sabatini, opening the proceedings of the annual conference "Beyond Basel - Supervision, Risks & Profitability" that the Banking Association dedicates to the issues of European Supervision and the implementation of regulatory changes in national law of prudential supervision.
“The sector strengthening process is proceeding - continued the ABI General Manager - the flows of new impaired loans are now below the pre-crisis levels, the stock decline continues, and the level of capitalization continues to grow. In the face of these enormous progress, which testify to the renewed solidity of the banking sector, it should be noted that the regulatory pressure on banks continues. We believe that a regulatory break is appropriate to assess the current framework of the rules in compliance with the principles of responsibility, proportionality, transparency, coherence of the regulations ".
Several questions are still open at the center of the 2019 edition of the conference "Beyond Basel - Supervision, Risks & Profitability": from the preparation of numerous technical standards for the implementation of the so-called 'banking package' to the introduction of the EBA guidelines on granting of credit.
Today's debate saw the comparison between industry experts, national and European Supervisory Authorities and the academic world, including Luis de Guindos, Vice President of the European Central Bank, Luigi Federico Signorini, Deputy General Manager of the Bank of Italy and Mario Nava, Director of DG Financial Stability, Financial Services and Capital Markets Union, European Commission.