This lunchtalk on financial regulation discussed the transposition of the latest Basel Agreement into the EU legislative package of 20 July and its implications. The guest speakers were Mario Nava, Head of Unit, European Commission, DG MARKT and Paul Sharma, Director, Prudential Policy, The Financial Services Authority.
On 20 July this year, the European Commission adopted the necessary EU legislation (a directive and a regulation) to translate the non-binding Basel III agreement into EU laws. Once again, as in the case of Basel II, the EU is the first jurisdiction in the world to try to proceed with full implementation. The seminar will discuss first-mover advantages and disadvantages.
The event was chaired by Bruegel Research fellow Benedicta Marzinotto.
Summary of the event here