According to José Manuel Campa, Chairperson of the EBA, the increase in interest rates and uncertain macroeconomic environment have resulted in the materialisation of some risks impacting the banking sector. After years of increased resilience, the ability of the EU banking sector to weather these challenges is paramount to ensure economic resilience. A strong banking system will also provide support to the transition to a sustainable European economy. In his address to the IIEA, Mr Campa argues that regulation and supervision have contributed to strengthening the sector and the EU needs to continue to pursue a banking sector that supports the economy for the challenges ahead.
About the Speaker:
José Manuel Campa is the current Chairperson of the European Banking Authority. After studying law and economics at the University of Oviedo and earning his PhD in economics from Harvard University, Mr Campa taught finance at New York University and the IESE Business School and consulted for a number of international organisations including the World Bank, the IMF, the Bank for International Settlements, and the European Commission.
He then served as the 10th Secretary of State for Economy of the Spanish Government and was most recently Director of Regulatory Affairs of Santander Bank.