Efforts to strengthen risk management in the banking and insurance sector were stepped up in the wake of the 2008 financial crash.
In the US, regulators adopted the Dodd-Franck Act while the EU followed up with its own Solvency Directive. Meanwhile, the Basel rules were applied across the finance industry on a global scale.
However, the Donald Trump Administration is reviewing the Dodd-Franck Act to ease regulation in the financial sector. This has raised questions on whether the EU should adapt its own rules in order to maintain a level playing field.
EURACTIV organised a workshop to discuss current challenges and the way forward in regulating financial services.
– What trends are to be expected from the US? Should the EU relax its own rules?
– Are Basel III and Solvency II effective? Should they be revised?
– How to preserve the competitiveness of EU financial services while ensuring the protection of consumers?
– Can a level-playing field in the banking and insurance sector be created at the global level?
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