After four years as president of the European Banking Federation, EBF, Christian Clausen will at the end of 2014 pass on the influential role to the CEO of Société Générale, Frédéric Oudéa.
As one of only two presidents in EBF’s history to hold the position for two full election periods, Christian has voiced the sector’s and Nordea’s views throughout the aftermath of the financial crisis with its immense regulatory changes.
- It has been an intense period with numerous discussions with politicians and authorities on how to create a more robust financial sector that is also able to support future growth. As a representative from one of the banks that weathered the financial crisis best, I have experienced a big interest in listening to our views and experiences, and we have built a strong network among regulators and other large European banks, Christian Clausen says.
Among the topics discussed the previous four years have been the European debt crisis, the new capital requirements for banks as well as the banking union. Nordea supports the objectives and direction of the new regulation, but Christian Clausen urges regulators to evaluate before introducing even further rules and requirements.
- At Nordea we have proven very strongly to be able to adapt to the new regulation and still lend to our customers and support the economy, and banks across Europe are working hard to do the same. But it is crucial for the economy to calibrate the regulations we now have carefully before introducing more new requirements that could have unwanted negative impacts, he says.
The EBF is based in Brussels. Members of the federation are the national banking associations, meaning that EBF represents the interests of some 4,500 banks from 32 countries.
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