The EFR response addresses the main issues from the perspective of an EU cross border banking group.
Strong corporate governance and risk management, enhanced supervision and appropriately calibrated prudential requirements are key elements to prevent crises. In addition, deposit guarantee schemes complete the safety net for financial stability by reassuring depositors that [...]
div>
Posted on February 22nd, 2011
The European Financial Services Roud Table (EFR) strongly endorses a key point emphasized by the Seoul Declaration in which G20 Leaders have communicated their commitment “to take action at the national and international level to raise standards, and ensure that our national authorities implement global standards developed to date, consistently, in a way [...]
div>
Posted on April 25th, 2010
I. A fundamental reconsideration is needed on the proposed new capital and liquidity requirements given their potential impact on economic growth.
II. Special intervention and resolution regimes should be put in place to ensure that when any financial institution fails, including one which operates cross-border, the failure can be managed in an [...]
div>
1 pages