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ESBG welcomes EU Council recognition of financial sector banking model diversity

ESBG welcomes EU Council recognition of financial sector banking model diversity

​Business model diversity key to less systemic risk, maximises consumer choice


>> More: Council conclusions on finalizing the post crisis Basel reforms​​

>> ESBG position: Capital requirements 












​BRUSSELS, 13 July 2016 – In the context of the intended review of risk weighted assets carried out by the Basel Committee, in particular related to internal models, which ESBG members see as a crucial issue, the Council of the European Union insisted on 12 July that the Basel Committee should take into account the impact of the framework on the different banking models.

ESBG Managing Director Chris De Noose welcomes this recognition by the European Council of the importance of diversity in the financial sector. He said: "Diversity of business models is an essential condition to decrease systemic risk and maximise consumer choices. In this diversified sector, retail banks can play to the full their essential role of financing the real economy."

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Basel III; Proportionality