Basel IV and COVID-19: Reform and Recovery - Will this work?

Recorded program

The EU implementation of Basel III is expected to begin at the end of summer 2021. According to the Basel Committee, the regulation is to come into force on 1 January 2023. A number of recent impact studies conducted by various parties have concluded that the reform will have a significant impact on Europe’s banking industry. At the same time, the COVID-19 pandemic continues to hinder economic recovery in EU member states. Equally, this crisis has shown once again how important the banks are in helping to overcome the resulting economic challenges. This situation raises the key question of how Europe’s economic recovery can be achieved in the midst of such a comprehensive regulatory reform of the banking sector.

Programme

Welcome:

• Christian Ossig, Chief Executive, Association of German Banks (BdB)

Introduction: Potential impact of COVID -19 crisis and the Basel reform

• Martin Merlin, Director, Directorate Bank, insurance and financial crime, DG FISMA, European Commission

Panel discussion:

• Jonás Fernández MEP, S&D ECON Coordinator, European Parliament
• Martin Merlin, Director, Directorate Bank, insurance and financial crime, DG FISMA, European Commission
• Marcus Chromik, CRO, Commerzbank AG

Moderated by Bernd Neubacher, Journalist, Börsen-Zeitung