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EU Banking: need for a strong Regulatory Framework
ECB Vice President Luis de Guindos stresses on finalizing EU banking package CRR3/CRD6 for the digital age. Citing US and Swiss banking issues, he underscores robust regulation, praises euro area banks' resilience, but warns against complacency.
Will EU have compliance regulations for AI?
The EU is creating AI compliance rules to ensure ethical use and respect for rights. Regulations cover facial recognition, biometrics, critical infrastructure, and apply to public/private sectors. Aims to build trust in AI, encourage innovation, and protect citizens' rights.
What is the European Single Access Point?
Introducing the European Single Access Point (ESAP): a proposed initiative for EU-wide access to capital markets, financial services, and sustainable finance. By consolidating data from various entities, ESAP enhances transparency, promotes investment, and benefits investors and the EU economy.
Risk management framework: what is it?
Europe's risk management framework emphasizes identifying, assessing, and mitigating risks in areas like cybersecurity, finance, and governance. ENISA enhances cybersecurity by providing tools and recommendations. Basel III ensures banks maintain capital and liquidity buffers.
Which are the Basel III regulation standards?
The Basel III banking standards, developed by the Basel Committee, aim to fortify global banking regulations. They mandate higher capital quality, an over 3% leverage ratio, and new liquidity requirements (LCR and NSFR), enhancing banks' resilience to liquidity shocks.
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