New Chair for the Banking Supervision Committee

Manuel González Cid was appointed Chairman of the EBF Banking Supervision Committee and started his two-year mandate in February 2013. Mr González Cid is the Chief Financial Officer and Head of Finance Division at the Banco Bilbao Vizcaya Argentaria (BBVA). He holds an Executive MBA from the University of Chicago’s Business School where he specialised [...]

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Lobbying towards the EU institutions in Brussels

The notion of lobbying often carries negative images, sometimes even of bribery, and this notion has made efforts to demystify lobbying practices in Brussels difficult. While such incidents are most certainly alarming these exceptions should not overshadow the fact that lobbying is part of every democracy. Scholars refer to lobbying as “a natural, modern extension [...]

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Powers of the European Systemic Risk Board

The European Systemic Risk Board (ESRB) was established in 2011 with the task of identifying and monitoring systemic risk in financial institutions. It issues policy recommendations to mitigate such risks. The ESRB is not merely an administrative body; it is entitled to issue recommendations for legislative initiatives addressed to: the European Union as a whole; [...]

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Update on EMIR: implementation phase

The European Market Infrastructure Regulation (EMIR) passed another important milestone on 15 March 2013, with the entry into force of key Regulatory Technical Standards (RTSs) required to implement the regulation. EMIR, which requires central clearing of certain over-the-counter derivatives and lays down reporting requirements, became law in August 2012. At the same time, the European [...]

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