Following the considerable intensification of bank regulation since the crisis, there is a need to take stock of how regulation has evolved with particular regard to the key issues of proportionality and complexity.
The Banking Stakeholder Group (BSG) of the European Banking Authority (EBA) released an unprecedented report (.pdf) that calls on EU supervisors and policymakers to better apply the Principle of Proportionality to find a balance between costs and benefits of EU financial regulation.
To discover what this report (.pdf) contains and how proportionality can be best applied to financial sector rulemaking, we invite you to tomorrow's event in Brussels. Starting at 11 am, we foresee it to be presented and commented by Loughborough University Professor David T. Llewellyn, as the Chairman of the BSG, and by other BSG members such as Chris De Noose, as the coordinator of this workstream.
Proportionality is about balancing the costs and benefits of regulation. If regulation is disproportionate in relation to its objectives, the cost-benefit calculation will likely worsen. Therefore, high-level and technical recommendations contained in the report should be largely taken on board in order to provide an important reference for promoting the Principle of Proportionality in all aspects of regulation.
To register or to request more information: firstname.lastname@example.org
11:00h – 11:15h - Welcoming remarks
Chris De Noose, Managing Director, WSBI-ESBG
11:15h – 11:40h David T Llewellyn, Chairman, Banking Stakeholder Group (BSG)
11:40h – 12:00h Erik Van der Plaats, Senior Expert, Policy and regulatory advice,
12:00h - 12:20h Isabelle Vaillant, Head of Regulations Department, European Banking Authority (EBA)
12:20h - 12:30h Questions and Answers and Wrap up