The regulation of banking system and of capital adequacy

The debate around the need of a European CIB system is much more relevant and impactful as it involves the European community and European stakeholders at large. The question is not merely reported to the financial industry per se and to the Banking Union but it has to embrace the larger political debate about the strategy Europe has to pursue. The risk EU is facing appears crystal clear: the European financial industry could become a huge lending system whereas the role of banks will be under pressure. On the one hand, more value add services of CIB are delivered by non-EU players. On the other, fintech companies generate a lot of competition with a significant disruptive power or at least disruptive on margins. Is it acceptable? Alternatively, shall we suggest more proactive and concrete actions not against someone but in favour of a more diversified eco-system whereas European voice matters? Is it too late to promote concrete actions to stimulate the rising of a competitive European CIB industry? It is not, but actions have to be focused and they have to be identified through bottom-up and top-down recommendations and suggestions related to the architecture of the Banking Union.