Banks, laws, businesses and households. The post-Covid European Union must do more. Or at least it has to change perspective. The energy transition, the digital transition, and labor policies are no longer the same in a Europe that has been turned upside down and changed by a year and a half of the pandemic. These are the main themes around which the new volume of Rainer Masera revolves «For a true proportionality in the banking regulation of the European Union. The challenges of the Coronavirus and Basel IV ». What the former budget minister wants to suggest is a different perspective on European banking legislation.
The book offers a precise and careful critical analysis of EU banking regulations, characterized by the approach chosen up to now by EU legislators to write rules according to “one size fits all”. Masera, on the other hand, argues in a documented and comparative way the thesis according to which a “structurally and concretely proportional” approach is urgently needed. This becomes even more important in the current historical season which requires a strong availability of credit to stimulate and accompany the investments of companies and families committed to accompanying the great transitions underway: energy, digital, labor, demographic after the crisis generated by Covid. -19. The opportunity to apply a new regulatory philosophy for Europe is offered by the forthcoming implementation in the Banking Union of the final Basel Accords on capital requirements (and much more), also known as Basel IV.
Masera’s book also represents an opportunity to discuss the consequences on the level of the overall competitiveness of the European economy compared to other primary jurisdictions that apply the Basel Accords in the global market in a proportionate and appropriate manner to the characteristics, riskiness and size of the banks with consequences also in terms of supervisory approaches. But above all with effects on credit policies for micro-small-medium enterprises, families and third sector subjects. Themes that are central to the activity of Federcasse, committed for almost a decade on a scientific and regulatory level so that the Banking Union can also apply the principles of proportionality, adequacy and logic in banking regulation in a structural way, as historically the United States does , Canada, Australia, New Zealand, Japan, more recently Switzerland and – a few months ago – also Great Britain.
In his book, prof. Masera also explores other issues, ranging from institutional protection systems in banks (IPS), to the new challenges for local banks linked to fintech, to the methods of supporting SMEs, to environmental and social sustainability, up to the establishment of a European bad bank is hoped for.
The volume will be presented on Thursday 30 September in Rome at the Luigi Sturzo Institute (via delle Coppelle 35) at 5.30 pm.