Home Press room Press releases CRD: the future regulation must reinforce financial stability and help underpin the financing of the economy in Europe  
 
 
 

Press release  

 

CRD: the future regulation must reinforce financial stability and help underpin the financing of the economy in Europe

The beginning of October will see the European Commission publish a draft directive in amendment to the capital requirements directive (CRD), which is aimed at bringing risk management more in line with today's economic reality. This amendment, which was planned as of the adoption of the CRD, is of fundamental importance in the current context in that it integrates the recommendations of the Financial Stability Forum in overcoming the present financial crisis as quickly as possible.

France's banks actively contributed to the consultation work carried out over the summer, underlining in their response to Brussels the importance of a suitably-adapted regulation that will reinforce financial stability in Europe and underpin the financing of the economy.

The French banks are therefore globally in favour of an amendment to the directive and even have ambitious expectations with respect to certain points: they wish to see real progress in the supervision of cross-border banking groups at a European level, an improvement in prudential rules governing securitization - even if this is essentially an area for global debate - and a coherent definition of equity for European banks. They also reiterate that these changes must be made in compliance with the rules of competition between European and international banks and in concern for the financing of the economy and growth in order to avoid any risk of excessive procyclicity.

CONTACT

Colette Cova
email : ccova@fbf.fr
Tel : 01 48 00 50 07

Kenza Benqeddi
email : kbenqeddi@fbf.fr
Tel : 01 48 00 50 08

 
 
Top of the page