Banking Regulation: A Macro Perspective on European Supervision

Professor Claudia Buch's keynote address at the 'Watching European Financial Market Regulation and Supervision' conference in Frankfurt highlighted the complex dynamics shaping European banking supervision and their implications for global macroeconomic scenarios. Buch emphasized the need for a more agile and adaptable regulatory framework capable of keeping pace with rapidly changing financial risks. She underscored the importance of coordination between European central banks and national supervisors to ensure macroeconomic stability and financial system security. The discussion on the adequacy of current supervisory norms revealed that, despite progress made since the 2008-2009 global financial crisis, significant improvements in the regulatory system are still needed. Particularly in the digital age, where new risks emerge rapidly, a more proactive rather than passive supervision becomes crucial to avoid future crises.