In a debate for L'Expansion, Marie-Anne Barbat-Layani, CEO of the FBF, and Christophe Nijdam, secretary general of Finance Watch, discussed the subject: "Are we heading towards a new banking crisis?". Selected extracts.
Frédéric Oudéa, Chairman of the French Banking Federation (FBF), accompanied by FBF Executive Committee members and the chief executive officer of the FBF, today met in Brussels with the European commissioners Valdis Dombrovskis (Commission Vice-President for the Euro and Social Dialogue), Jyrki Katainen (Vice-President for Economic and Monetary Affairs) and Jonathan Hill (Commissioner for Financial Stability, Financial Services and Capital Markets Union).
The European Central Bank published a report on 17 September 2015 on the cost for public finances of the support provided to banks in the eurozone during the crisis from 2008 to 2014.
French banks are not exposed to Greece: total exposures amount to $1,647 million at the end of 2014 according to the Bank for International Settlements.
Is Europe finally going to give the keys to its financial markets only to the English and American banks in the City of London? This is the very issue at the EU Finance Ministers meeting (Ecofin) tomorrow on June 19 which will discuss the draft regulations on bank structural reform, submitted by the Latvian presidency.
The aftermath of the financial crisis brought with it a plethora of regulations to reinforce the solidity of the banking industry.
The French Banking Federation (FBF) is pleased to note that the European Parliament was able to pass several important bills at the last plenary session of the current parliament, prior to European elections. These passages are a milestone in setting up a more solid and transparent banking and financial system.