Home French banking sector Overview Interview with Marie-Anne Barbat-Layani in Politico  


01 december 2017

Interview with Marie-Anne Barbat-Layani in Politico

A few days before the decision to install the European Banking Authority (EBA) in Paris, Marie-Anne Barbat-Layani answered Politico's questions about Brexit and its impact for European banks in general and French banks in particular, about the attractiveness of the Paris financial center or the capital markets union...


Brexit is a strategic opportunity for the Paris financial center. If we know that London will certainly remain an important place for banks, a rebalancing will take place and Paris has many assets in its favor. Marie-Anne Barbat-Layani claims that "French banks can play a major role in this future of financial markets in Europe".

In the area of banking union, improvements are needed in order not to be limited to supervision. The CEO of the FBF share the will of French banks: "We want a banking union that would have its say in the international fora and speak with one voice, and speak on an equal basis with other large jurisdictions like the U.S. and China, instead of being completely divided".

At the same time, the Capital Markets Union (UMC) needs to move forward, and for that she proposes "a group of "wise men" put together, such as what was done with the Lamfalussy Process, with a few months to design the way forwardfor the CMU in the context of Brexit."

Finally, Marie-Anne Barbat-Layani evokes Basel 3 by explaining that "any floor is really bad ... it is not only an intellectual defeat but an economic defeat for Europe to accept a floor".

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