meeting of budget and financial committees chairpersons “financial perspective after 2013, bank...
TRANSCRIPT
Meeting of Budget and Financial Committees Chairpersons
“Financial perspective after 2013, bank supervision & capital market protection“
PRAGUE, April 28th 2009
Jiří KunertPresident
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• established in 1991• member of the:
– European Banking Federation– European Payment Council
• represents banking sector (99% of the banking market assets)
• almost all member banks belong to international financial groups
• CBA positions reflect both international (European) and domestic experience and is able to compare
Czech Banking Association
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Czech Banking Experience
• Transformation process of the Czech banking sector (1990 - 2002)
• Market approach has proved as the only way• State (EU) should assure high standard quality of
legislation and regulation – respecting the principle of:– the level playing field and – equal treatment
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Financial Crises
• High level of liquidity in the markets over number of years
• A apparently benign risk environment led to mispricing of credit risk
• The speed with which problems spread, and the range of products and institutions which were affected, were phenomenal
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Regulation Issues
• CAPITAL
• LIQUIDITY
• FUNDING
• RISK
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Regulation Issues
Scope of Regulation
„Home“ „Host“ „Supervisory“ „Approach“• legal environment• level playing field• costs
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European Supervisory Structure
Please do not forget:• consolidate national supervisory structure (into one institution)• adopt evolutionary approach on the EU level
de Larosiere Group Report 25 February 2009
"Driving for European Recovery" (EC Communication)
4 March 2009
EU Spring Council 29 March 2009
decision to strengthen regulation and supervision of EU financial institutions
in June 2009
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Thank you for your attention.
http://www.czech-ba.cz