The Banque de France’s deputy governor speaks about suppression of the systemic risk buffer, proposals for a TLAC floor, and simplifying bank regulation and resolution.
You sit on the supervisory board of the Single Supervisory Mechanism (SSM). Can you provide some context on the current debate around modernising the regulatory framework in Europe?
I’ve been on the supervisory board of the SSM for nine years. There is an ongoing debate at European and international level about modernising the regulatory framework. From the supervisory side, we have already undertaken a number of reforms, including the ‘Next Level Supervision’ programme and the reform of the Supervisory Review and Evaluation Process, with the broad objective of simplification. Separately, the European Commission is preparing a report on the competitiveness of banks, which may lead to proposed changes to banking regulation.
