Will join academic joint venture for bank regulation & supervision
BRUSSELS, 12 June 2017 – The European Savings and Retail Banking Group (ESBG) has been invited to be a supporting member of the European Banking Institute (EBI) to help develop international academic research on European banking regulation and supervision. A Brussels-based association representing the savings and retail banking sector in 20 European countries, ESBG joins banking associations from other EU countries and the 25 universities from 18 European countries that are already academic members of the institute. By being a supporting member, an ESBG representative will serve on the EBI Advisory Board.
"There was a need to bring in views from savings and retail banks, who face a particular set of challenges," said Dr Thomas Gstaedtner, President of the Supervisory Board of the EBI. "Universities can gain from their insights when forging ways to better develop the banking industry. The locally focused banking perspective provides a rich vein for further research."
EBI aspires to produce state-of-the-art academic research in the field of banking regulation now that banking regulation and supervision have become European as a result of Banking Union. The institute was established in January 2016 as a non-profit organisation in Frankfurt, Germany, in order to share, coordinate and structure academic research activities in Europe.
ESBG Managing Director Chris De Noose said: “There is great value in being a part of the institute because it facilitates interaction between us and universities, regulators, supervisors and others within the banking sector. I am confident that the EBI will be a factor in raising the level of understanding on issues locally focused banks face as well as a factor in finding policy solutions."
- James Pieper on +32 2 211 11 92 or at email@example.com; or
- Dirk Smet on +32 2 211 11 90 or at firstname.lastname@example.org
- Dr. Thomas Gstaedtner on +49 1775607066 or at email@example.com and/or
- Enrico Leone on +44 20 7825 3093 at firstname.lastname@example.org
ESBG brings together nearly 1000 savings and retail banks in 20 European countries that believe in a common identity for European policies. ESBG members represent one of the largest European retail banking networks, comprising one-third of the retail banking market in Europe, with 190 million customers, more than 60,000 outlets, total assets of €7.1 trillion, non-bank deposits of €3.5 trillion, and non-bank loans of €3.7 trillion. ESBG members come together to agree on and promote common positions on relevant regulatory or supervisory matters. Learn more about ESBG at www.wsbi-esbg.org
The European Banking Institute is an international centre for banking studies resulting from the joint venture of the mostly regarded European academic institutions that have decided to share and coordinate their commitments and structure their research activities in order to provide the highest quality legal and economic studies in the fields of banking regulation and supervision in Europe. The EBI's ambition is to become the point of reference for banking regulation research in Europe and an instrument to facilitate interaction between academia, supervisors, regulators and industry. The close relationship with regulators, supervisors and the private sector is expected to guarantee state-of-the-art academic research production. The institute is located in Frankfurt am Main, Germany, to benefit from a close proximity to the European Central Bank – the biggest banking supervisor in Europe. The EBI is registered as a non-profit association “Eingetragener Verein (E.V.)" under German law. For more information about EBI, go to www.ebi-europa.eu
The national banking associations that joined last year the EBI are the Association of German Banks (BDB), the Hellenic Bank Association (HBA), the Italian Banking Association (ABI), the Romanian Banking Association (ARB), the Spanish Banking Association (AEB) and the Dutch Banking Association (NVB). The European Banking Federation also joined in 2016. The institute's academic membership currently comprises universities from Amsterdam, Athens, Bologna, Bonn, Bucharest, Dublin, Frankfurt, Ghent, Leiden, Lisbon, Ljubljana, London, Luxembourg, Madrid, Mainz, Malta, Milan, Nicosia, Nijmegen, Paris, Stockholm and Tartu.