If only there were enough time

Or even, if only someone who really knew about banking regulation were to take them to task at their own seminar:

Webinar invitation: “The virus of financial deregulation” on Wednesday, 10 June 2020, 6-8 pm CEST

Limited places: Register here now!

Dear friends, dear interested,

In the last few weeks, we experienced various attempts to use the Corona Crisis as an excuse in order to weaken financial regulation. In banking supervision we already saw steps towards relaxation of capital requirements and guidance. Further relief is currently in the making in the European legislative process. Consumer protection and financial market regulation are not spared as the EU-Commission is already discussing weakening in these areas, claiming it would support companies to survive the crisis. One gets the impression that the current economic crisis is used as an excuse to roll back important pieces of financial regulation in a rush and without credible evidence that it could actually help the economy. On the contrary, many of the rules at risk of being abolished are lobbied against by the financial business for a long time. We want to shed light on these attempts of regulatory rollback with you in a webinar on Wednesday, June 10 at 6 p.m. and have a discussion with experts, activists and civil society and consumer representatives.

Please register here: Registration

We are excited to welcome Anat R. Admati, professor of Finance and Economics at Stanford University and author of the book Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It for an introductory speech. For an overview of  the quick fix of banking capital rules currently discussed, we are happy to announce Nicolas Véron, senior fellow at Brussels based think tank Bruegel and Peterson Institute for International Economics. Proposed changes to consumer protection and securities markets rules will be introduced by Thierry Philipponnat from FinanceWatch.

For the subsequent panel and discussion with consumer organisations, NGOs and political activists we are more than happy to announce the participation of Guillaume Prache, Managing Director of the European Investor Organisation BetterFinance, Vitor Texeira, advocacy officer on transparency and accountability of the EU Institutions at Transparency International, Molly Scott Cato, professor of Economics and former Green MEP and Myriam Vander Stichele, finance sector and trade expert at the NGO SOMO.

Please note: the webinar will be interpreted in English, German, French, Spanish and Italian.

The interactive online format allows all participants to ask questions and join in the discussion. The discussion is open to all interested parties. The number of participants is limited, so register here.

We are looking forward to discussing with you. Please, share this invitation with anyone interested.

With European green greetings

MEPs in the Economic and Monetary Affairs Committee of the European Parliament:

Sven Giegold (Germany)

Claude Gruffat (France)

Philippe Lamberts (Belgium)

Stasys Jakeliunas (Lithuania)

Kira Peter-Hansen (Denmark)

Ernest Urtasun (Spain)

I’m not going to do it as shouting “Shut up you damned idiots!” might be cathartic but not wholly useful. But perhaps one of our accounting fiends here is in fact up to date on all of this?

8 thoughts on “If only there were enough time”

  1. We are looking forward to discussing with you.

    I suspect they’re not really interested in a discussion.

    With European green greetings

    Yup, pretty sure actually.

  2. What’s the point of attending an online conference? No flights, no hotel, no gift bags from lobbyists, not even the chance of some informal chit-chat at the bar afterwards. The good news is that they will achieve precisely nothing.

  3. ‘Further relief is currently in the making in the European legislative process.’

    [Looks over glasses] Wut?

    The only way to get relief from EU is exit.

  4. What a collection of worthless flapping arseholes, largely sustained by the sore and chewed public teat. No wonder they love regulation.

  5. Their view that anything that those involved in finance lobby against must be right is revealing. I think the word is “paranoia”.

  6. Dennis: Oppressor, Warmonger, Capitalist and Consumer of Petroleum Products

    But perhaps one of our accounting fiends here is in fact up to date on all of this?

    I am a fiend but not up to date on “all this”, largely because there’s no there there.

    You can boil it down to this:

    1) Banks are bad.
    2) State control is good.
    3) Regulation is state control.
    4) Therefore, regulation is good.
    5) Therefore, reducing regulation is bad.

    I doubt that august body will get much deeper into things that what I’ve just said.

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