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Post-Event Summary Report

Boards’ efficiency and fit & proper rules in financial organizations

October 25, 2017
EBF Meeting Centre, Brussels

The European Banking Federation and the European Confederation of Directors’ Associations, known as EcoDa, on 25 October organized a joint seminar in Brussels to discuss the efficiency of management boards in financial organizations in the light of the planned 'fit and proper' assessments by European bank supervisors.

Board effectiveness is a key challenge for boards, a challenge that goes far beyond judging structural elements such as board composition and the definitions of roles and responsibilities. A key driver lies in board dynamics, where independence (of mind) and professionalism play a crucial role.

The European Central Bank in 2017 published a guide on the 'fit and proper' assessments that it undertakes in respect of board members for the institutions under its direct supervision. The European Banking Authority, in cooperation with ESMA, is also about to issue its updated guidelines which aim at further improving and harmonizing the assessment of suitability within the EU financial sector and at ensuring sound governance arrangements in institutions.

Boards’ efficiency and fit & proper rules in financial organizations

October 25, 2017
EBF Meeting Centre, Brussels

Find here the presentations: 

Keynote speakers:

• Margarita Delgado, Deputy General Director at the European Central Bank (pdf)

• Bernd Rummel, Principal Policy Expert, Department Regulation, the European Banking  Authority (pdf)

Panel discussions: 

• Mar Cachá, Head of Division of Authorizations and Registration of entities, Central Bank of Spain (pdf)

• Dr. Peter Lutz, Director for Banking Supervision at BaFin (German Federal Supervisory Authority) (pdf)

• Lutgart Van den Berghe, Executive Director at Guberna, Chair of ecoDa Policy Committee (pdf)

• Caroline Veris, Partner, Deloitte, FSI Governance & regulatory affairs (pdf)

• Christophe Vandoorne, Managing Partner Korn Ferry Belgium (pdf)

After keynote from ECB & EBA, Impressive & diverse panel on banks internal governance + fit & proper rules. Thx for participating #EcodaEBF pic.twitter.com/nrRdsMG8Ke

— de Brouwer S (@deBrouwerEBF) 25 octobre 2017

Today @EBFeu in partnership with @ecoDaAsbl hosts seminar on boards’ efficiency and #fitandproper ruleshttps://t.co/78scpbpHpX #EcodaEBF pic.twitter.com/DK9Nt7Dygh

— EBF (@EBFeu) 25 octobre 2017