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The big debate

On March 19, the European Commission hosted a high-level, intensive conference on the construction of a new crisis management framework in the banking sector. But little agreement was found among regulators, legislators and bankers.

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Agreement on the detail of a new banking supervision regime remains elusive, as a debate among regulators, legislators and representatives of the banking industry found at a one-day conference, Building a crisis management framework for the internal market, organised by the European Commission in March.

Differences in approach over the planned new supervisory architecture were evident not only

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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