Which framework of prudential supervision to favor long-term investment? Implementation of Basel III.

On Monday, 29th of November 2021, the Sustainable, Long-term investments & Competitive European Industry Intergroup in the European Parliament held its conference on « Which framework of prudential supervision to favor long-term investment? Implementation of Basel III. ». Chaired by MEP Dominique Riquet and overseen by Martin Merlin, Director for Banking, Insurance and Financial Crime, Directorate general of Financial services, financial stability and Capital Markets Union, European Commission, this event focused on the challenges of long-term investment, especially when it comes to meeting the recovery and resilience needs both in terms of economic shocks resorption as well as financing the green and digital transitions. It gathered representatives from National promotional banks, the banking and industrial sector.  The panel discussion was moderated by Laurent Zylberberg, Chair of the European Long-Term Investors Association (ELTI).

Context: The review of European banking rules (Capital Requirements Regulation, Capital Requirements Directive) published by the European Commission in October 2021 will aim at strengthening resilience to economic shocks, contributing to the green transition while reinforcing banking supervision to enhance financial stability. 

The panel discussion gathered: 

• Sophie Barbier, Director of European Affairs, Caisse des Dépôts Group
• Giovanni Sabatini, Director General ABI (Associazione Bancaria Italiana)
• Eric de Montgolfier, CEO, InvestEurope
• Julia Symon, Senior Research and Advocacy officer, Finance Watch

Stéphanie Yon-Courtin, MEP, Group Renew provided the concluding remarks. 

Contact:

Caroline François-Marsal, secretariat@investmentindustryintergroup.eu