“The reconciliation between regulation and economic growth was the main topic debated during Oliver Wyman CIGI conference, celebrated in Rome, last 21st of November. BBVA Executive Board Director, José Manuel González-Páramo, participated at a panel titled Is bank regulation appropriately balancing safety and growth?“
Banking industry experts discussed about how well the new EU regulatory efforts contribute to stable and sustained growth in Europe. José Manuel González-Páramo pointed out that “it’s pretty urgent now to conclude this phase of regulation” in order to evaluate “the possible inconsistencies or unintended effects”. Regarding the digital regulation, from his point of view “regulators and supervisors have to invest a lot in accumulating skills and really understanding the problems that are implied by the new world that we are heading to”.
Other speakers included Andrea Enria, Chairman, European Banking Authority; Ignazio Angeloni, European Central Bank, Member of the Supervisory Board; and Klaus Regling, Chief Executive Officer, European Financial Stability Facility and Managing Director, European Stability Mechanism.
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