Meeting with the European Banking Federation (EBF), EU Delegation and EU Commission

2021-05-19 | Beijing, Shanghai

The Banking & Securities Working Group Chairs, key members and working group coordinator met with key counterparts from the European Banking Federation (EBF), the EU Delegation, and the EU Commission in Brussels.

Both the Banking & Securities working group and the European Banking Federation (EBF) presented the most pressing issues of the industry to the EU side.
A lot of focus was given to the new measures released by People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) surrounding the Macro Prudential Assessment (MPA) framework and the negative impact these are having on the foreign banking community.
The EU side agreed on following up with a letter to the regulators and continue discussions after the summer.