Reforming the structure of banks: The UK approach in its EU context

The European Commission’s proposal on banking structure reform, published in January, has framed what is likely to become an animated policy debate about banking structures and business models in the next European legislature. The UK has been a pioneered regulatory changes and bank structural reform with the Independent Commission on Banking and the Vickers Report in 2011, and subsequently the Financial Services Act 2012, the Banking Reform Act 2013 as well as and the Parliamentary Commission on Banking Standards following the uproar about LIBOR and other bank malpractice. The Volcker Rule in the US, the Liikanen Report of October 2012, and national legislation recently passed in France and Germany may also contribute to shaping the forthcoming EU discussion. Sajid Javid MP, who has been Financial Secretary to the UK Treasury since October 2013, will present the current UK approach, after which the moderated conversation will turn to reform prospects at the EU level.

18.45-19.00 Registration
19.00-19.05 Introduction by Gregory Claeys, Research Fellow at Bruegel
19.05-19.30 Presentation by Sajid Javid MP, Financial Secretary to the UK Treasury (on the record)
19.30-20.00 Q&A session (under the Chatham House Rule)

Speakers

• Sajid Javid MP, Financial Secretary to the Treasury
• Chair: Gregory Claeys, Research Fellow at Bruegel

Practical details

• Venue: Bruegel, Rue de la Charité 33, 1210 Bruxelles
• Time: 1 April 2014. 19.00-20.00
• Contact: Matilda Sevón, Events Coordinator - matilda.sevon[at]bruegel.org