Cercle de la Régulation et de la Supervision Financière (CRSF)

🔔 The Network for Greening the Financial System (NGFS) would like to invite you to save the date for an upcoming outreach event where 2 forthcoming NGFS publications on the topic of nature-related risks will be presented. 📗 Nature-related Financial Risks: a Conceptual Framework to guide Action by Central Banks and Supervisors (with illustrative cases) o  The NGFS published the beta version of the conceptual framework on nature-related financial risks in September 2023 (https://lnkd.in/eKSBFD7q) o  This report contains the final version of the conceptual framework, further supplemented with two illustrative cases around forest and freshwater ecosystems, to demonstrate the application of the final framework. 📗 Nature-related litigation: emerging trends and lessons learned from climate-related litigation o  In September 2023, the NGFS published two reports on climate-related litigation (https://lnkd.in/eNehcJ65), noting that governments and civil society may increasingly turn their attention beyond greenhouse gas (GHG) emissions to the importance of nature. o  This report highlights emerging trends in the field of nature-related litigation. 👉 Join the event here (no further registration is required): https://lnkd.in/eVcPgASz We hope to see you online on 2 July, 4:30pm-5:30pm CEST!

I am proud and delighted to inform you that I have joined the Board of Sfil, a French public bank involved in local authorities financing and export credit, subsidiary of Caisse des Dépôts et Consignations, supervised by the European Central Bank. I am thrilled to serve as the chair the Risk and Internal Control Committee, leveraging my experience in this field, and contributing to deliver public good, greening of public services, social goals in the healthcare sector, and deployment of French areas of excellence in global markets. Attending my first Board Committees and Board this week has been a great experience, and I wholeheartedly thank Sfil management and Board members for their warm welcome! Philippe Mills François Laugier Emmanuel Dupuy Florent Lecinq Cecile Degove Serge Breton Virginie Chapron-du Jeu Alexandre Thorel Armel Castets Dominique Aubernon Frederic Coutant IFA administratrices et administrateurs engagés Olivier Fabas

Today was the last meeting of the EBA Banking Stakeholder Group, before renewal to be announced at the end of june. It has been an honour and a pleasure to serve in this BSG, under the leadership of Rym Ayadi and Eduardo Avila Zaragoza, contributing to EBA regulatory work. It has been a priviledge to interact with academics, consumer representatives from all 27 member states, in so many intense conversations about financial stability, in a period marked with major disruptions, Covid-19, Russian war in Ukrain, energy crisis, shift in monetary policy march 23 banking turmoil in the US and Switzerland, and of course the finalisation of Basel III. We learnt so much from each other, even if we often agreed to disagree ! Special thanks to José Manuel Campa, Francois Louis Michaud, and Philippe Allard for orchestrating this invaluable dialogue, and to MONZON ANGEL and his team for the very rich discussions on "Risks and vulnerabilities". Thank you to Working Group coordinators for great teamwork Christian M. Stiefmueller, Concetta Brescia Morra Edgar Prof. Dr. Löw, Monika Marcinkowska Vinay Pranjivan Patricia Suárez Ramírez Thank you to members of Working Group on Capital and liquidity for their hard work providing unbiaised advice to EBA on sensitive issues. Johanna Orth Yuri Scarra' and more. Crossing fingers that many of us will have the priviledge to serve for another term, as we say in French "on ne change pas une équipe qui gagne" ! Let's stay in touch !

Merci Michel Bilger pour cet article paru dans Revue Banque, qui met bien en lumière les dangers d’une surenchère administrative. Quel est le sens de demander aux banques européennes de publier dès 2025 un ratio calculé selon des normes qui ne seraient applicables qu’à partir de 2032 ? La proposition de l’Autorité Bancaire Européenne (EBA) s’inscrit en contradiction avec les arbitrages rendus par le législateur lors de la transposition européenne de l’accord de Bâle et ne produirait aucun bénéfice identifiable mais aurait au contraire des conséquences négatives immédiates à un double titre : elle pèsera sur un secteur de l’immobilier résidentiel déjà sous pression du fait de la hausse des taux et elle contribuera à affaiblir encore la position concurrentielle des banques européennes face aux banques anglaises et américaines. #Immobilier #CRR3

Looking forward to seeing you all in Paris on June 11th at the Paris Europlace annual forum, the place-to-be for all interested in the growing French financial ecosystem. 2 days after the close of the EU elections, a very special date ... ...and my birthday !!!

Transition plans are becoming real - and it works! Last week, at the Eurofi seminar in Ghent organised under the auspices of the Belgian Presidency of the Council of the European Union 2024, I had the pleasure of chair a panel with José Manuel Campa (European Banking Authority (EBA)), Armel Castets (Direction générale du Trésor (French Treasury)), Antoine Van Cauwenberge (FSMA), Shinichi Tsunoda (Mizuho), Eric Campos (Groupe Crédit Agricole), Seb Henbest (HSBC) and Sofia Lindh Possne (Swedbank) to discuss the state of play of transition plans. Two years after the idea really took shape (around the COP26 - UN Climate Change Conference), transition plans are becoming a reality. It was great to hear from banks about the transformative impact of preparing a unifying strategic document. It was useful to hear from authorities what they care about (implementation and operationalisation). And it was clear that transition plans really have the potential to live up to the expectations of many, bringing the real hard and important questions to the fore and reconciling in a unique process the preparation of a plan that serve a multifaceted stakeholders’ community (from staff to clients, investors and supervisors). Now, let’s make sure that regulatory requirements (which everyone welcomed) does not lead to a mere compliance exercise. Because failing to plan is planning to fail, transition plans are a must - unless if you’re not really planning but just drafting a nice leaflet or filling in administrative template. Thanks to my copanelists and to the organising team (didier cahen, Jean-Marie Andres, Jean-François PONS).