La Stampa publishes interview with EBF President Jean Pierre Mustier Banks’ cloud adoption boosted by policy dialogue
Publication date: 8 July 2019
- European G-SIBs (global systemically important banks) have successfully reduced the associated systemic risk in line with the objectives of the FSB’s TBTF (too-big-to-fail) reforms,
- Evolutions may differ for EU and Rest-of-World markets,
- Reforms have also generated some unintended consequences which should be addressed, such as fragmentation of financial resources and obstacles to consolidation and to funding of the EU economy,
- While EU G-SIBs’ systemic risk has materially reduced, risk has shifted to other market participants, which should be the focus of the FSB’s work going forward.
EBF advisor: Judith Ay