The banking associations AEB and CECA celebrate today the event ‘Strengths of the banking sector Spanish in times of overall’transition
ECB members and principal managers banking organisations participate in the meeting
Proposals of regulatory simplification in six regulatory fields and of monitoring foresee promote the banking financing to families and companies
The Spanish Banking Association (AEB) and CECA have celebrated today in Frankfurt the meeting ‘Strengths of the banking sector Spanish in times of overall’transition, where they have presented regulatory simplification proposals of the banking sector aimed at strengthen the economic growth and the competitiveness of the European Union.
In the event - that it has had the share of representatives of the European Central Bank and managers of the principals Spanish banking organisations - the associations have emphasised the model of Spanish retail banking, characterised by its efficiency, diversification, orientation to the homes and a risk profile lower than that one of other European countries.
During the meeting the role of the Spanish banking has been vindicated as an example of solidity and stability, as well as its contribution to the economic growth of the EU. The associations have underlined the need of simplifying the regulation to free financing withheld by discretionary capital demands, which you would allow expanding the credit to families and companies.
Currently, the european legislation has been tripled in recent years and they exist more than 20 regulators and supervisors, whose mandates are overlapped sometimes, generating ineficiencias and administrative loads.
Alejandra Kindelán, chairwoman of the AEB, has pointed out that the regulatory simplification is key for families and companies: “Europe goes through a crisis of growth. It is urgent to act to consolidate the social progress, promote the employment and maintain our leadership into the wild, democracy and human rights ”.
For Antonio Romero, CECA's Managing Director, “the simplification is not an objective in itself same, is the only one via to improve the European competitiveness and autonomy. In this debate, the Spanish banking sector wants be proactive, via the presentation, in a joint way, of a series of concrete proposals ”.
The associations have presented proposals of simplification in several fields, including the financial regulation, digital or the sustainability.
Between the measures the simplification of the macroprudent frame has been emphasised to avoid duplicities between organisations, the improvement of the regulatory process's accountability, the incorporation of the evaluation ex post and the necessary regulatory proportionality.
The objective is allow that the banking sector finances better the economy, contribute to objectives of competitiveness and it participates actively in the reply to the major social challenges.
The event has had Pedro Machado's share, member of the Board of Monitoring of the Single Supervisory mechanism of the European Central Bank; Ramón Quintana, Managing Director of Systemic and International Banks of the European Central Bank; José Antonio Álvarez, Banco Santander's deputy chairman; Matthias Bullach, boss of Accounting, Management and Capital Control of CaixaBank; Jaime Sáenz of Tejada, overall director of Solutions BBVA's Agents; Antonio Romero and Luis Teijeiro, Managing Director and general assistant manager of CECA; and Alejandra Kindelán and María Abascal, chairwoman and Managing Director of AEB.