The President of EMEA, Prof. Rym Ayadi, Professor at The Bayes Business School and Chair of the Banking Stakeholders Group (BSG) of the European Banking Authority (EBA) moderated the Panel Discussion “De-risking in the EU: Scale, drivers and impact” at the EBA event “Tackling unwarranted de-risking: lessons learnt and next steps” which took place online on 11 March 2022. The event started with a welcome address by Jose-Manuel Campa, EBA Chairperson.
The event presented EBA’s findings on the impact of de-risking on access to financial services in the EU. It also explored the steps competent authorities can take to tackle this issue and provided an opportunity for discussion and for the exchange of good practices.
In her concluding remarks Prof. Ayadi highlighted that “The Russia-Ukraine war, subsequent sanctions and massive refugees from Ukraine into Europe are raising serious issues linked to de-risking of EU financial institutions that ought to be tackled by the Financial Action Task Force (FATF), the European Union and the European Banking Authority”
Prof. Rym Ayadi chairs the EBA’s Banking Stakeholder Group. BSG is composed of 30 members appointed to represent in balanced proportions credit and investment institutions operating in the Union, their employees’ representatives as well as consumers, users of financial services, academics and representatives of SMEs. The EBA consults the BSG on the EBA’s proposals for technical standards, guidelines and recommendations concerning banking regulation.