BRUSSELS, 7 July 2015 – A group of 11 experts from the savings and retail banks industry took part Friday in the EBA Proportionality Workshop in London. The theme of the workshop, which included academics, the financial industry, banking regulatory supervisors, EU policymakers, was “The Application of the principle of proportionality in the context of Institutional and Regulatory Reforms.”
The goal of the event, according to the EBA website, is to bring forward technical discussions and assess progress made since the last workshop on the application of the proportionality principle. It was the second such workshop hosted by the London-based authority, the first being held in October 2013.
The debate covered several issues, from complexity surrounding current financial regulation to the important role of the banking industry in supporting the case for proportionality. According to the EBA, this proportionate/adjusted approach ensures that all financial institutions across the European Union are subject to appropriate regulatory standards and requirements according to their business nature, scale and complexity.
ESBG members from Germany, France and Spain, joined this event to give the industry voice during the one-day event.
Speakers from the ESBG contingent were:
• Dr Karl-Peter Schackmann-Fallis, Executive Member of the Board, Deutscher Sparkassen- und Giroverband (DSGV), European Savings and Retail Banking Group (ESBG), who took part in a break-out session on governance.
• Dr Christian Burmester, CRO of Sparkasse Aachen, European Savings and Retail Banking Group (ESBG), who addressed the group in the session “A focus on demonstrating the case for proportionality” and took part in a related panel discussion. His remarks were entitled: “A petition for more proportionality in the supervisory process”.
ESBG stakeholder work and proportionality
In June 2014, the European Banking Authority’s Banking Stakeholder Group (BSG), which is chaired by ESBG Managing Director Chris De Noose, began work on a common paper on proportionality within the European Union. ESBG has also carried out separate work through its Task Force on Proportionality. The BSG paper is now in its final stages of drafting.
ESBG members have contributed by fueling the dialogue with concrete illustrations of the proportionality principle in areas such as supervisory reporting, liquidity, external models, leverage ratio, corporate governance and retail banking.