Browse by subject
Financial services & capital markets > Risk management in financial institutions
Stress tests and ECB assessment: safer banks serving the economy
26/10/2014
The European Commission welcomes the results of the EU-wide stress test by the European Banking Authority and the comprehensive assessment by the European Central Bank.
Commission adopts detailed rules on contributions of banks to resolution funds
21/10/2014
The European Commission has today adopted a delegated act and a draft proposal for a Council implementing act to calculate the contributions of banks to the national resolution funds and to the Single Resolution Fund respectively.
Commission adopts detailed prudential rules for banks and insurers to stimulate investment in the economy
10/10/2014
The European Commission adopted today delegated acts under the Solvency II Directive and the Capital Requirements Regulation which will help promote high quality securitisation, ensure that banks have sufficient liquid assets in testing circumstances and introduce international comparability to leverage ratios.
Disclosure of non-financial information: Europe’s largest companies to be more transparent about how they operate
29/09/2014
The European Commission welcomes today’s adoption by the Council of the Directive on disclosure of non-financial and diversity information by large companies and groups. Companies concerned will disclose information on policies, risks and outcomes as regards environmental matters, social and employee-related aspects, respect for human rights, anti-corruption and bribery issues, and diversity on boards of directors.
Another step in the finalisation of the Banking Union’s architecture: publication of Single Resolution Mechanism (SRM) Regulation
30/07/2014
Today, the Regulation establishing a Single Resolution Mechanism (SRM) for the Banking Union has been published in the Official Journal of the EU, only one year after the European Commission presented its proposal. The Single Resolution Mechanism will allow for the timely and effective resolution of cross border and domestic banks, over a weekend if necessary. The Regulation will enter into force on 19 August.
Vice-President Barnier welcomes Court of Auditors’ special report: “European banking supervision taking shape – EBA and its changing context”
02/07/2014
“I believe the European Banking Authority’s role in the overall supervisory architecture is crucial. (...) While the establishment of the Banking Union (...) will affect the functioning of the EBA, it does not call into question its existence.” Statement by Vice-President Barnier.
New rules to strengthen regulation and transparency of remuneration in banks and investment firms in the EU
26/06/2014
Today, new EU rules to strengthen regulation and transparency of remuneration in banks and investment firms in the European Union have entered into force. The new rules relate to the identification of categories of staff whose professional activities have a material impact on an institution's risk profile (so-called ‘material risk takers’).
Public consultation on the contributions of credit institutions to resolution financing arrangements
20/06/2014
The European Commission launched today a consultation on the contributions of credit institutions to resolution financing arrangements under the Bank Recovery and Resolution Directive and the Single Resolution Mechanism. Input is requested on key elements related to the calculation of contributions of individual credit institutions to the resolution funds.
Another step in the implementation of the bank reform: publication of two key pieces of the Single Rulebook for banks
12/06/2014
Today, the Directive on the Recovery and Resolution of Credit Institutions and Investment Firms (BRRD) and the recast Directive on Deposit Guarantee Schemes (DGS) have been published in the EU Official Journal. The BRRD provides a complete framework for the crisis management of banks, while the DGS Directive strengthens the protection of citizens’ deposits in case of bank failures.
Financial regulation: the pace of reform set in motion in 2010 must be maintained
10/06/2014
“We have seen an unprecedented sequence of financial, economic, fiscal and social crises, which has highlighted clearly the limits of a having a primarily national response. (...) So we needed to work together, at European level, and this is what we have been doing since 2010, with a lot of energy and, I believe, positive results”. Speech by Commissioner Barnier at his hearing before the Finance Committee of the French Senate.
Commissioner Barnier welcomes the Signature of the intergovernmental Agreement (IGA) on the Single Resolution Fund
21/05/2014
Today, 26 Member States have signed the Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund (SRF). This is an important signal of the commitment of all parties, including those which do not yet participate in the single currency, to make the banking union a success.
State of the (Banking) Union
20/05/2014
"Europe's financial markets are too interlinked to be dealt with nationally. (…) So we need common rules and regulatory convergence, we need the EU. (…) The Banking Union is probably our biggest project since the euro itself." Speech by Commissioner Barnier at the Frankfurt Finance Summit.
The European Banking Authority (EBA) publishes key components of the common methodology for the 2014 EU-wide stress test
29/04/2014
The EBA has delivered a robust stress test methodology and a tough adverse scenario. The purpose of the exercise is to identify any remaining vulnerabilities in the EU banking sector in order to make it more resilient and to provide a high level of transparency on EU banks’ exposures.
European Parliament back Commission’s proposals on completing the banking union
15/04/2014
“The EU has delivered. Thanks to the assiduous work of the co-legislators, we have gone from a skeleton Banking Union to the final framework in less than two years”. Statement by Commissioner Barnier after the vote of the European Parliament on Commission’s proposals for completing the banking union (Single Resolution Mechanism, Bank Recovery and Resolution Directive, and Deposit Guarantee Schemes Directive).
Finalising the Banking Union: European Parliament backs Commission’s proposals (Single Resolution Mechanism, Bank Recovery and Resolution Directive, and Deposit Guarantee Schemes Directive)
15/04/2014
"The EU has lived up to its commitments. Thanks to the assiduous work of the co-legislators, we have turned the idea of a Banking Union into reality in less than two years".
European Parliament and Council back Commission’s proposal for a Single Resolution Mechanism: a major step towards completing the banking union
20/03/2014
“Today’s compromise allows us to complete the architecture of the banking union for the eurozone. (...) Together with the reforms to the financial sector for all 28 countries, the completed banking union will put an end to the era of massive bailouts. It will further contribute to the return to financial stability thus creating the right conditions for the financial sector to once again lend to the real economy which is essential to consolidate the economic recovery and to create jobs”. Statement by President Barroso and Commissioner Barnier.
European Parliament and Council back Commission proposal on right of citizens to a basic bank account
20/03/2014
“In today’s world, not having access to a basic bank account makes it difficult and more expensive to participate in everyday life – paying the electricity bill or receiving a salary for example. Today’s agreement brings us a step closer to finally giving all European citizens access to a basic bank account, enabling them to participate fully in society and take advantage of the benefits of the Single Market”. Statement by Commissioners Barnier and Mimica.
Reaching an agreement on the Single Resolution Mechanism is our top priority
18/03/2014
Structured dialogue at the Economic and Monetary Affairs Committee of the European Parliament: introductory remarks by Commissioner Barnier.
The Commission adopts nine Regulatory Technical Standards (RTSs) to implement the single rule book in banking
13/03/2014
The European Commission has adopted a package of Regulatory Technical Standards (RTS) needed to implement important provisions of the Capital Requirements Regulation and Directive (CRR/CRD). The nine RTS adopted today define the ways in which competent authorities and market participants must handle disclosures linked to securitisation instruments, measure potential losses from derivative positions and counterparty failure, as well as specifying the types of instruments that can be used for paying bonuses.
Statement by Commissioner Barnier following ECOFIN meeting on Single Resolution Mechanism
11/03/2014
“Today, we made progress on a number of elements (...) However, on the issue of ‘who pushes the button’, the Council decided not to change the balance of roles between the Council and Commission”. Statement by Commissioner Barnier following the Economic and Financial Affairs Council of 11.03.2014.
Statements by Commissioner Barnier on the Single Resolution Mechanism
11/03/2014
“Banking union depends on having its second pillar, the single resolution mechanism, in place”. Statement by Commissioner Barnier following the meeting of 10 March between ministers of finance and European Parliament representatives and introductory remarks at the ECOFIN Council of 11 March.
Commission adopts technical standards for the identification of material risk takers subject to the rules on remuneration in the Capital Requirement Directive (CRD IV)
04/03/2014
The European Commission has today adopted Regulatory Technical Standards on criteria to identify categories of staff whose professional activities have a material impact on an institution’s risk profile. These standards supplement the requirements of the Capital Requirements Directive (CRD IV) and will ensure that the CRD rules on remuneration are applied consistently across the EU.
From responding to the crisis to defining new ambition for European Commission
20/02/2014
“Although the worst of the financial and economic crisis is behind us, we still have a social and political crisis. The time has come to set out a new vision for Europe, to deepen the integration of the euro area, relaunch the co-ownership of the single market, invest jointly in our future, and give Europe the means to really count on the world stage.”. Speech by Commissioner Barnier at the 12th annual Financial Services Conference.
ECOFIN Council: discussions on the Single Resolution Mechanism
18/02/2014
“We can (...) certainly improve the decision-making processes that are too complex and too heavy under the current compromise”. Intervention by Commissioner Barnier at the ECOFIN (Economic and Financial Affairs) Council.
Directive on criminal sanctions for market abuse: Vice-President Reding and Commissioner Barnier welcome the vote by the European Parliament
04/02/2014
“Today the European Union is sending a clear signal: there must be zero tolerance for manipulators in our financial markets”. Statement by Vice-President Reding and Commissioner Barnier.
Structural reform of the EU banking sector
29/01/2014
The European Commission has proposed new rules to stop the biggest and most complex banks from engaging in the risky activity of proprietary trading. The new rules would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business. The Commission has also adopted accompanying measures aimed at increasing transparency of certain transactions in the shadow banking sector. “Today’s proposals are the final cogs in the wheel to complete the regulatory overhaul of the European banking system” said Commissioner Barnier. “The proposed measures will further strengthen financial stability and ensure taxpayers don’t end up paying for the mistakes of banks”.
Eigenhandel einschränken [Restricting proprietary trading] – Interview
27/01/2014
Commissioner Barnier explains his new plan for banking regulation. Interview by S. Wettach, WirtschaftsWoche
Banking union: Council agrees general approach on Single Resolution Mechanism
19/12/2013
“Today is a momentous day for banking union. A memorable day for Europe’s financial sector. (...) Taxpayers will no longer foot the bill when banks make mistakes. We are ending the era of massive bail-outs”. Commissioner Barnier’s remarks at the ECOFIN Council press conference.
Commissioner Barnier's first intervention on the single resolution mechanism during the ECOFIN meeting
18/12/2013
“The proposals of the Presidency form a very good basis for further work and should give us the elements we need to reach an agreement today (...) We have some concerns regarding the credibility of the system. It will be the result of a negotiation but it must remain effective and understandable”. Speech by Commissioner Barnier at the ECOFIN Council.
Commissioner Barnier welcomes agreement between the European Parliament and Member States on Deposit Guarantee Schemes
17/12/2013
“Just a few days after the agreement on bank recovery and resolution, we are taking another important step towards completing the single rulebook on crisis management for credit institutions in the EU”. Statement by Commissioner Barnier.
Appointment of Danièle Nouy as first Chairperson of the Supervisory Board of the Single Supervisory Mechanism: statement by Commissioner Barnier
16/12/2013
“As Chair of the Supervisory Board of the SSM, Danièle Nouy will play a central role in the banking union. She is an excellent choice for the tough job ahead”. Statement by Commissioner Barnier.
Commissioner Barnier welcomes trilogue agreement on the framework for bank recovery and resolution
12/12/2013
“I welcome the trilogue agreement reached tonight between the European Parliament and EU Member States on the Bank Recovery and Resolution Directive. This is a fundamental step towards the completion of the Banking Union”. Statement by Commissioner Barnier.
ECOFIN Council on the Single Resolution Mechanism package, the Bank Recovery and Resolution Directive and the Deposit guarantee schemes Directive
11/12/2013
“We have a mandate in order to be able to go forward in the key trilogues on the Bank Recovery and Resolution Directive and the Deposit guarantee schemes Directive. I hope that with this mandate, and thanks to the excellent work of the rapporteurs, we can come to a final compromise in the next few days”. Comments by Commissioner Barnier following the ECOFIN Council meeting.
ECOFIN Council – Remarks by Commissioner Barnier
15/11/2013
“Today, we have made real progress on the second pillar of banking union, the Single Resolution Mechanism. (...) Reaching an agreement in 5 weeks is only possible if all Member States make compromises”. Remarks by Commissioner Barnier following the ECOFIN Council.
Bank resolution: Majority of States support key elements – Interview
15/11/2013
Finance ministers will talk today on the Single Resolution Mechanism (SRM) at their Council meeting. “A compromise can be reached before the end of the year”, Commissioner Michel Barnier said in an interview with Europolitics. Barnier added that a vast majority of States had backed him on the key elements of his proposal. Interview by Manon Malhère, Europolitics.
Council gives final approval for the Single Supervisory Mechanism, the first pillar of the Banking Union
15/10/2013
“This is a momentous step: the start of a new era for the supervision of Eurozone banks (...) But better supervision is not enough. A banking union also requires action to restructure non-viable banks when necessary. That is why the supervisory system needs to be complemented by an integrated European resolution system”. Statement by President Barroso and Commissioner Barnier.
The Handelsblatt interviews Commissioner Barnier
09/10/2013
Commissioner Barnier on the Banking Union in the eurozone and Franco-German relationships. Interview by Ruth Berschens, Handelsblatt.
European Parliament vote confirms the creation of the Single Supervisory Mechanism for the eurozone
12/09/2013
“I am extremely pleased that the European Parliament voted today to set up the Single Supervisory Mechanism, the first leg of the Banking Union”. Statement by President Barroso and Commissioner Barnier following the European Parliament’s vote.
Commission’s roadmap for tackling the risks inherent in shadow banking
04/09/2013
The Commission has today adopted a communication on shadow banking and proposed new rules for money market funds (MMFs). “We have regulated banks and markets comprehensively. We now need to address the risks posed by the shadow banking system” said Commissioner Barnier.
Single Resolution Mechanism for the Banking Union: Proposal by the Commission
10/07/2013
The European Commission has today made a proposal for a Single Resolution Mechanism for the Banking Union. “We need a system which allows banks to be resolved quickly, efficiently, avoiding doubts on the impact on public finances and with rules that create certainty in the market. That is the point of today’s proposal for a Single Resolution Mechanism” Commissionner Barnier said.
Bank Recovery and Resolution Directive: Statement of Commissioner Barnier following agreement in ECOFIN Council
27/06/2013
“I am very pleased that finance ministers of the Member States have managed a few minutes ago to reach broad political agreement on the future rules for how to restructure and resolve failing banks”. Statement by Commissioner Barnier.
Statement by Commissioner Barnier following the meeting of finance ministers on bank resolution
22/06/2013
“Today we have focused primarily on the financing of bank resolution. This is a very complex subject. With the help of the Irish Presidency, we have made considerable progress – but not enough to come to an agreement tonight”. Statement by Commissioner Barnier following the ECOFIN Council of 21/06/2013.
Financial regulation: laying sound foundations for stability and growth in Europe
07/06/2013
“New capital requirements, supervision and resolution will bring back financial stability. But this is not sufficient to restore what Europe needs most: innovation, competitive industries, modern infrastructures and green growth. To achieve this, we need long-term investment”. Speech by Commissioner Barnier at the Economic Ideas Forum, Helsinki.
The European System of Financial Supervision: assessing a major achievement
24/05/2013
“The overall assessment of the authorities and the ESRB (European Systemic Risk Board), possible changes to their goals, and the link with Banking Union… The public consultation on these issues will be open until July 19. I strongly encourage you to take part”. Speech by Commissioner Barnier at the Public Hearing on Financial Supervision in the EU.
Debate on Banking Union in the European Parliament
21/05/2013
“Today you are being asked to give your opinion on a legislative package that is of major importance for Europe”. Speech by Commissioner Barnier at the Plenary session of the European Parliament.
Proposal for a directive on bank resolution: ECOFIN discussions
14/05/2013
“This directive is a key text. Recent events have shown the urgent need to develop the tools necessary for a organised resolution of banks across the European Union”. Introductory remarks by Commissioner Barnier to the discussions on the proposal for a directive on bank resolution at the ECOFIN council.
Basel Committee’s agreement on the revised liquidity standards for banks: Statement by Commissioner Barnier
07/01/2013
Commissioner Barnier has welcomed the unanimous agreement on the revised liquidity standards for banks reached yesterday by the Basel Committee on Banking Supervision. “I now call upon the Parliament and the Council to successfully conclude the CRD IV trilogue negotiations in the coming weeks”, said the Commissioner.
The European banking union, a precondition to financial stability and a historical step forward for European integration
18/12/2012
“Member States have agreed to hand over the key supervisory tasks over their banks to the European Central Bank. This is the first step towards the Banking Union. The ECB will be in a position to detect risks to the viability of banks. And require banks to take the necessary actions. (...) This Single Supervisory Mechanism (SSM) will be a great asset for financial stability in Europe”. Speech by Commissioner Barnier at the EU–US Transatlantic Corporate Governance Dialogue, National Bank of Belgium
Banking union: Council agrees position on the single supervisory mechanism
13/12/2012
“24 hours after reaching an historical agreement on the European patent, which is a key component for our competitiveness, the Council has found a common approach on a fundamental element of financial stability in Europe”. Statement by Commissioner Barnier.
Banking union is for all banks - Article
02/12/2012
“Commissioner Barnier says there will be no exceptions for savings or cooperative banks. In the future, all banks in the Eurozone will be subject to supervision by the European Central Bank, in order to preserve the credibility of the system”. Article by Tobias Kaiser and Holger Zschäpitz, Die Welt.
Basel Committee's preliminary "Regulatory Consistency Assessment": statement by Commissioner Barnier
01/10/2012
"In 12 out of 14 areas of the preliminary 'Regulatory Consistency Assessment' concerning the EU published by the Basel Committee today, the draft European legislation has been fairly assessed to be 'compliant' or 'largely compliant'. I have, however, reservations about the preliminary findings in the remaining two areas…". Statement by Commissioner Barnier.
Commission proposes new ECB powers for banking supervision as part of a banking union
12/09/2012
The Commission has presented proposals for a single European supervisory mechanism, a major step to a banking union. This new system, with the European Central Bank (ECB) at the core and involving national supervisors, will restore confidence in the supervision of all banks in the euro area. Commissioner Barnier said: "Banking supervision needs to become more effective in all European countries to make sure that single market rules are applied in a consistent manner. It will be the role of the ECB to make sure that banks in the euro area stick to sound financial practices. Our ultimate aim is to stop using taxpayers' money to bail out banks".
Towards a European financial union and a more solid European banking sector
12/07/2012
"We need an integrated Financial Union with enhanced democratic control". Speech by Commissioner Barnier at the Peterson Institute for International Economics, Washington DC.
Europe: Banks at the heart of reform – Interview
12/06/2012
"The question that is uppermost in my mind is how to strike the right balance between the need to impose prudential regulation and the need to stimulate growth." Interview by Monique Grégoire, Forces.
New crisis management measures to avoid future bank bail-outs
06/06/2012
The financial crisis highlighted that public authorities are ill-equipped to deal with ailing banks operating in today's global markets and has cost taxpayers a lot of money. The proposals adopted today by the European Commission for EU-wide rules for bank recovery and resolution will change this. They ensure that in the future authorities will have the means to intervene decisively both before problems occur and early on in the process if they do.
Revised rules on capital requirements (CRD IV): ECOFIN Council reaches agreement
15/05/2012
"Thanks to the hard work of the national delegations and the Danish Presidency, we have marked important progress today. Member States have given the Presidency a mandate to start the next and final step: negotiations with the European Parliament."
Revised rules on capital requirements (CRD IV): Statement by Commissioner Barnier following the ECOFIN Council
03/05/2012
"We have made real progress at this extraordinary Council. And I am convinced that at the next ECOFIN meeting on 15 May, on the basis of the very large consensus on the latest compromise text, the Council will be able to formally give the Presidency a mandate to start negotiations with the European Parliament".
Towards better regulation of the shadow banking system
27/04/2012
"What lessons have we drawn from the crisis if we allow risky activities to prosper alongside better regulated and more solid ones?" Speech by Commissioner Barnier at the Conference on the shadow banking system.
Shining a light on shadow banking
19/03/2012
In order to make the financial sector sounder and safer, it is now time to deal with the growing area of "shadow banking" – credit activity that is similar to a bank's, but is not regulated like a bank. To a certain extent, shadow banking performs important functions – for example, it creates additional sources of funding and offers investors alternatives to bank deposits. But it can also pose potential threats to long-term financial stability.
Regulatory framework for bonuses: the next steps
30/01/2012
"The framework for remuneration plays an important role in restoring public confidence in European banks." Speech by Commissioner Barnier at the European Parliament workshop on the rules of CRD III in the area of remuneration policies.
Creation of a High-level Expert Group on reforming the structure of the EU banking sector
16/01/2012
In agreement with President Barroso, Commissioner Barnier has today appointed Erkki Liikanen as the Chairman of the future Group.
EFTA Surveillance Authority's decision to take Iceland to the EFTA Court
14/12/2011
Statement by Commissioner Barnier on the EFTA Surveillance Authority's decision to take Iceland to the EFTA Court over its breach of the Deposit Guarantee Directive.
EBA publishes Recommendation and final results of bank recapitalisation plan
08/12/2011
The European Banking Authority (EBA) has published a formal Recommendation, and the final figures, related to banks’ recapitalisation needs. These measures form part of a broader European package to address the current situation in the EU by restoring stability and confidence in the markets.
A week with Commissioner Barnier: interview on bank capital requirements
06/12/2011
Video interview with Commissioner Barnier on bank capital requirements. viEUws.
It is unacceptable that banks continue to pay excessively high bonuses to their staff
01/12/2011
The European Parliament and European Commission have joined forces to call on banks to ensure this year’s bonus round complies with EU rules agreed by the 27 finance ministers in November 2010. Statement by Commissioner Barnier.
"Recapitalising banks cannot be the only answer to the crisis" - Interview
25/09/2011
With stock markets in turmoil, Michel Barnier and Jean-Pierre Jouyet met to discuss regulation. La Tribune took the opportunity to gather their views on the crisis, banking, financing for SMEs and shortselling. Interview by Christèle Fradin, La Tribune .
Banks: “Europe did not wait for the IMF” - Interview
21/09/2011
"We all know where the crisis came from. From undercapitalised financial institutions, failing supervision and faltering corporate governance rules. We need to finish our regulatory work: putting rules at the service of morality and banks at the service of the economy." Interview by Jean-Jacques Mevel, Le Figaro.
Commission wants stronger and more responsible banks in Europe
20/07/2011
Banks have been at the centre of the financial crisis the global economy is facing since 2008. Lessons have been drawn from this and mistakes of the past should not repeat themselves. This is why the European Commission has brought forward today proposals to change the behaviour of the 8000 banks that operate in Europe. Europe is the first in the world to start the implementation of its G20 commitments in this matter.
Stress test results: Statement by Commissioners Barnier and Rehn
15/07/2011
Statement by Commissioners Barnier and Rehn following the publication by the European Banking Authority of the 2011 stress test results
Europe will implement Basel III
27/05/2011
Statement by Commissioner Barnier on Basel III and its implementation into EU law (Capital Requirement Directive - CRDIV)
Gestion des Crises bancaires: premières réflexions 
14/04/2011
SPEECH/11/270. Michel BARNIER Membre de la Commission européenne, chargé du Marché intérieur et des Services Gestion des Crises bancaires: premières réflexions, Parlement Suédois Stockholm, le 14 avril 2011...
More
Banks must be allowed to fail - Interview
12/04/2011
The implementation of Basel 3 will take European specificities into account. A tax on financial institutions is useful to create a fund that can be used in case of problems. More competition among rating agencies. Interview by Francesco Ninfole, Milano Finanza.
Corporate governance framework for European companies: what needs to be improved?
05/04/2011
One of the lessons of the financial crisis is that corporate governance, until now usually based on self-regulation, was not as effective as it could have been. The European Commission has launched today a public consultation that addresses the ways in which corporate governance of European companies can be improved. The deadline for submitting contributions is 22 July 2011.
Banks should submit themselves - Interview
01/02/2011
Commissioner Barnier about new rules for financial institutions, solidarity for the Euro and stress tests. Interview by C. Gammelin and D. Stawski. © Süddeutsche Zeitung GmbH, Munich. Courtesy of http://www.sz-content.de (Süddeutsche Zeitung Content)
EU must leave the state of emergency - Interview
11/01/2011
Commissioner Barnier promises rigorous bank stress tests before spring. Interview by Jean-Jacques Mevel, Le Figaro.
Commission seeks views on possible EU framework to deal with future bank failures
06/01/2011
Following the publication of a Communication on 20 October 2010 on a European crisis management framework for the financial sector, the European Commission has today launched a consultation on technical details underpinning that framework.
Commissioner Barnier cautions European defence companies against sovereign wealth funds - Interview
30/11/2010
European defence industries must be wary of accepting "an attractive source of capital" from sovereign wealth funds (SWFs) during the current global financial crisis, Commissioner Barnier said in an interview to Jane's. Interview by G. Anderson and M. Bell, Copyright © IHS Global Limited 2010, Jane's Defence Industry. Reproduced with permission.
Commissioner Barnier welcomes G20 support for new capital and liquidity requirements
12/11/2010
Commissioner Barnier welcomes the endorsement of the new capital and liquidity requirements for the banking sector by the Heads of State and Government at the G20 meeting in Seoul. At the heart of this endorsement lies the Basel agreement of September 2010. The support this agreement has received today by world leaders marks an important step in strengthening banking regulation and global financial stability.
Re-establishing responsibility and accountability at the heart of the financial system
25/10/2010
Speech by Commissioner Barnier at the 1st Congress of the Alumni Solvay School.
Commission launches consultation on further capital buffers for banks 
[13 KB]
(The)
22/10/2010
A new EU framework for crisis management in the financial sector
20/10/2010
Very few rules exist which determine which actions should be taken by authorities in the case of a banking crisis. The European Commission responds by setting out its plans for an EU framework for crisis management in the financial sector. These pave the way for legislation due by spring 2011 which will create a comprehensive crisis management framework for banks and investment firms.
Commissioner Barnier welcomes Basel agreement on capital requirements
13/09/2010
Statement by Commissioner Barnier on the agreement reached by the Basel Commitee on capital and liquidity requirements for the banking sector.
Questions & Answers: 2010 EU-wide stress testing exercise (MEMO/10/355)
23/07/2010
Joint press release - Publication of the results of the EU-wide stress-testing exercise (MEMO/10/356)
23/07/2010
Deposit Guarantee Schemes – Frequently Asked Questions (MEMO/10/318)
12/07/2010
Commission proposes package to boost consumer protection and confidence in financial services (IP/10/918)
12/07/2010
New proposals to boost consumer protection and confidence in financial services
12/07/2010
Commissioner Barnier proposes new measures to improve protection for bank account holders, investors and insurance policy holders.
We should also draw lessons on governance from the crisis [38 KB]
08/07/2010
The financial crisis has highlighted a number of weaknesses and lacunas in how financial firms are governed. In order to come forward with legislative proposals to make the financial system stronger, the Commission has now launched a debate on this issue and wishes to engage with stakeholders.
More
Bankers' bonuses: Michel Barnier welcomes the agreement by Council and Parliament on new capital requirements for banks
07/07/2010
"The requirements on pay and bonuses send a strong political message: there will be no return to business as usual."
European Commission Green Paper on corporate governance in financial institutions and report on remunerations - frequently asked questions (MEMO/10/229)
02/06/2010
Commission proposes improved EU supervision of Credit Rating Agencies and launches debate on corporate governance in financial institutions (IP/10/656)
02/06/2010
Commission outlines further measures for a safe and stable financial system in Europe
02/06/2010
As part of its work on preventing a future crisis and strenghtening the financial system, the European Commission has put forward a proposal on Credit Rating Agencies (CRA) and launched a public consultation on reforming corporate governance in financial institutions. Furthermore, it has adopted a Communication where it commits itself to move swiftly in completing the necessary reforms to ensure a safe and sound European financial system.
Commission sets out vision for bank resolution funds (IP/10/610)
26/05/2010
Bank Resolution Funds – Frequently Asked Questions (Memo/10/214)
26/05/2010
Banks, not taxpayers, need to pay for future crises
26/05/2010
M. Barnier presents the new Communication from the Commission on bank resolution funds.
Laying the foundations for crisis prevention and management in Europe
19/03/2010
Opening the Conference on Building a Crisis Management Framework for the Internal Market in Brussels, Mr Barnier outlined his views on preventing and managing crises in Europe.
Financial crisis response: Commission asks stakeholders for views on further possible changes to Capital Requirements Directive ('CRD IV') (IP/10/197)
26/02/2010
Public consultation on the Capital Requirements Directive ('CRD IV') (MEMO/10/51)
26/02/2010
Social Media