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Current Challenges of the EU Banking Sector

9th International Banking Forum Podgorica, 9 May 2008. Current Challenges of the EU Banking Sector. Viktorija Proskurovska Adviser, European Banking Federation. European Banking Federation. EBF was founded in 1960. Today it has 31 Member associations and 11 Associate members.

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Current Challenges of the EU Banking Sector

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  1. 9th International Banking Forum Podgorica, 9 May 2008 Current Challenges of the EU Banking Sector Viktorija Proskurovska Adviser, European Banking Federation

  2. European Banking Federation • EBF was founded in 1960. • Today it has 31 Member associations and 11 Associate members. • Through it’s Members alone, the EBF represents some 5000 banks with an estimated contribution of 5% to the area’s GDP and 1.5% of the area’s workforce. 9th International Banking Forum Podgorica, 09.05.08

  3. Bank Loans in EU-27, 2006 • The total EU banking sector assets is threefold the area’s GDP; • Deposits represent some 125% of GDP; • Loans over 130% of GDP. 9th International Banking Forum Podgorica, 09.05.08

  4. Banking Supervision ‘Financial Turmoil’ Economic and Monetary Affairs Consumer Affairs Retail Integration Tax Accounting Payment Services Directive Outline of Current EBF Priorities 9th International Banking Forum Podgorica, 09.05.08

  5. Task Force on Financial Turmoil 8 Policy Considerations on the global financial crisis: • Bringing confidence back to the markets; • The October 2007 ECOFIN Roadmap on financial markets is a sensible approach going forward; • Market-led efforts are under way; • Pragmatic actions to be sought to solve the current crisis; 9th International Banking Forum Podgorica, 09.05.08

  6. Task Force on Financial Turmoil • Crisis is not originated by a failure of Basel II; • National supervisors to apply their powers to achieve relevant information disclosure; • More decisive action from authorities is needed; • It is not the time yet for final lessons. 9th International Banking Forum Podgorica, 09.05.08

  7. EBF Work on Basel II Transparency of structured products: focus on Pillar 3 Disclosures in the Area of Structured Credit Products: • Questionnaire for investors and counterparties; • Analysis of current Pillar 3 Requirements (“Implementation Study”); • Paper on Industry Good Practices. 9th International Banking Forum Podgorica, 09.05.08

  8. Thank you for your attention! For contacts: Viktorija ProskurovskaAdviser – Economic and Monetary Affairs, AssociatesEuropean Banking Federationv.proskurovska@ebf-fbe.euwww.ebf-fbe.eu 9th International Banking Forum Podgorica, 09.05.08

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