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ECB’s Chief Economist addresses FIBI lunch sponsored by Matheson
AUTHOR(S): Liam Quirke, Michael Jackson
PRACTICE AREA GROUP: Banking, Asset Management and Investment Funds, Corporate, Financial Institutions, Commercial Litigation and Dispute Resolution, Regulatory and Investigations, Regulatory Risk Management and Compliance
The annual Federation of International Banks in Ireland (“FIBI”) lunch took place in Dublin on 23 September 2015 and welcomed ECB’s Chief Economist, Peter Praet, as the keynote speaker.
The lunch brought together leaders from across the international and domestic banking and payments sectors, as well as a host of industry stakeholders.
Addressing the audience on the topic of the regulation of the banking industry in Europe, Mr Praet said, “With the Single Supervisory Mechanism we now have a system of supervision that is less liable to capture or forbearance. The Bank Recovery and Resolution Directive provides a harmonised and predictable framework for private sector risk-sharing across the Union.”
Pictured at the lunch are, (l-r) Liam Quirke, Matheson, Simon Harris, Minister of State with Special Responsibility for International Banking (including IFSC), Peter Praet, European Central Bank and Michael Jackson, Matheson.