Antonio Romero has intervened in the XLII Seminar of APIE: Forty years of Spain in the EU. Evolution of the Spanish economy. From the autarchy to the market economy , organised by the Universidad Internacional Menéndez Pelayo (UIMP)

The Managing Director of CECA has urged to a regulatory simplification and supervisor that it strengthens the competitiveness of the banking sector Spanish and European to promote its role as a developer of the economic growth

Antonio Romero, new Managing Director of CECA, has participated in the XLII Seminar of APIE, Forty years of Spain in the EU. Evolution of the Spanish economy. From the autarchy to the market economy , organised by the UIMP, in which has vindicated the moment of strength of the banking sector Spanish, visible in the high return levels and efficiency. This good performance has allowed to the sector CECA raise its investment at Obra Social, that was placed at 2024 in 906 million euros, and thus be still the first social investor private of Spain.

This strength situation is going to allow to the Spanish banking sector face with guarantees the challenges to those which faces currently. The first one theirs is the uncertainty derived from the new geopolitical risks. Romero has pointed out that these risks present a different nature to the traditional of the sector and, for this reason, the formula to tackle them by the supervisors does not have be via an increase of capital. “We have abandon the actual capitalcentrismo and substitute it for measures of governance”, has explained Romero.

Regulatory simplification

The Managing Director of CECA has defended the need of reducing the excessive regulatory burden and supervisor that bears the sector: “The proliferation of regulatory development in the financial industry, accompanied by an intensification of the activity supervisor, has originated an increasingly complex fulfillment model and costly for the credit institutions ”. In the last five years, the regulatory activity has reached an average of 1.3 standards per day skillful directed to the financial field.

Romero has underlined that the regulatory simplification has go accompanied by a review of the legislative production processes because currently promote the complexity. “Otherwise, in a few years will have return to carry out this simplification financial year, regardless of the success of the ongoing process ”, has explained the Managing Director.

Digital euro

The digital euro has been another of the accosted big questions. In this context, has emphasised the constructive part of the industry in the creation of the theoretical model of this digital new coin, via its share in different working groups created by the ECB and its contributions to the design of the regulatory framework. Nonetheless, has highlighted certain aspects that they must have in consideration, as costs of implementation and the existence of private projects that are going to contribute panEuropean solutions in the area of the payment services.