ACPR Conference - keynote speech
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Speech by EBA Chair François-Louis Michaud at the ACPR annual conference (Paris, 5 November 2026). He argues that resilience and competitiveness are not opposed: European banks are sound, but the banking single market remains fragmented and rules must be simplified without lowering capital.
Key points
- CET1 ratio above 16%, ROE close to 11% and NPL ratio of 1.6%.
- Comprehensive review of the EBA framework: 10 of 21 recommendations finalised, feeding legislative proposals in Q1 2027.
- New SREP guidelines applicable from 1 January 2027 and a proposal to cut supervisory reporting datapoints by 50%.
- Proposes merging the countercyclical and systemic risk buffers into a single releasable buffer and aligning MREL with TLAC.
Who is affected
European banks, national supervisors and EU co-legislators.
Deadlines
Revised SREP from 1 January 2027; simplified reporting phased in from September 2027.
Plain-language version
The text of a Paris speech by François-Louis Michaud, chair of the EBA, the EU authority that sets the rules for banks. His message: European banks are solid, with a capital cushion above 16% and just 1.6% of loans unpaid, so now is the time to simplify, for example by halving the data supervisors ask for. New supervisory rules start on 1 January 2027.
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