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1. Introduction
2. Financial integration in the EU is a fact
3. A harmonised EU regulatory framework
4. Financial integration in the EU - statistics
5. The number of banks in the EU are decreasing
6. Increasing market share of cross border groups
7. Cross border deals accelerating
8. The changing organisation of cross border banks
9. The old model
10. Old model structure
11. Old model characteristics
12. The new model
13. New model structure
14. New model characteristics
15. Example of organisation
16. Challenges of the new model
17. Why is the shift in organisational model occurring?
18. A change in supervisor approach is required
19. Actual supervisory approach
20. Solo supervision becomes inefficient and ineffective
21. Some examples of increasing complexity
22. Reporting
23. National discretions/definitions in CRD
24. Model validation / Pillar II in CRD
25. Cross border mergers
26. Supervisory process
27. Crisis management
28. Examples of increasing complexity- summary
29. The way forward: a Copernican revolution
30. The way forward: difficulties
31. Solution I: an institutional revolution
32. Solution II: a pragmatic and gradual improvement
33. How can banking supervision improve?
34. Change the legal framework
35. Clear mission to national supervisors
36. Clear mission to EU CEBS
37. The global dimension (1)
38. The global dimension (2)
39. Thank you

Topics Covered

• Financial integration in the EU is a fact
• Cross border banks represent an increasing market share
• These banks are increasingly organized at a consolidated level, with key functions developed for the whole group at the corporate center level
• If supervision is to be effective, it should follow this market reality
• The supervisory process should start from the consolidated level and should be fully coherent throughout the group
• To achieve this without an institutional revolution, prudential supervision should consist of a college of all involved supervisors with an empowered lead supervisor, chairing this college and with a mediation mechanism at the EU level, in case of disputes between supervisors

Links

Series:

• Effective Risk Based Supervision of Financial Institutions

Categories:

• Finance, Accounting & Economics

Talk Citation

Publication History

• Published on August 30, 2009