Many issues which led to the financial crisis ten years ago have not been addressed properly. Regulatory and supervisory gaps still remain. In addition, other challenges have emerged:
Brexit and Fintech will bring many disruptions in the industry and may lead to stricter regulations and supervisory practices in the EU. The current review of the European Supervisory Authorities and the proposals on sustainable finance are two other important initiatives which could change the landscape in the EU financial markets sector. In addition, new forms of shadow banking and finance outside of the current prudential regulatory framework are growing exponentially and might pose systemic risks.
Hear Jan Pieter Krahnen’s take on these topics.