Briefing report No. 26 - Banks, financial stability and globalization
This brief was prepared on the basis of analyses presented at the 26th Conferences on globalization on June 27th 2012. Jezebel Couppey-Soubeyran, lecturer at the University of Paris I Pantheon-Sorbonne, chaired the conference and emphasized a crucial point: the crisis is not over and many questions regarding the evolution of the banking system remain concerning. Vincent Chriqui, Direct of of the Centre d'analyse stratégique, delivered the opening speech. He explained that there is a relative consensus regarding actions taken in the medium term. The balance between convergence and respecting the EU treaties, is difficult to find for the concerned authorities that are faced with "pro-European banks when times are good, and more national ones when times are bad".
The global financial crisis, which began in the United States in 2007, ripped open flaws in both American and European banking systems. The destabilization that followed has been a major risk factor for all actors.
Will the new banking and financial regulations put in place, especially the ones initiated by the G20, be enough to extinguish the fire and ensure that existing structures are maintained? With the accelerated implementation of the European rules known as "Basel III", the actors are looking towards the central banks to become more involved in financial stability. Between increasing numbers of norms and standards, and actors' behaviors, what are the prospects of the system developping?
In Summary:
- Banks and financial stability by Laurent Clerc, Head of financial stability at the Bank of France
- What business model for banks? by Philippe Dessertine, Director of the Institute of High Finance at the French Institute of Management
- Central banks, new "deus ex machina"? By Dominique Plihon, Professor of Economics at the University of Paris XII-Nord
- What long-term financing for tomorrow? by Jean Peyrelevade, Chairman of the Leonardo Banking Affairs France
Les ressources
- Programme 2012 des Rendez-Vous de la Mondialisation
- Les Rendez-vous de la Mondialisation