François-Louis Michaud's opening speech at the 13th EBA Annual Policy Research Workshop

13th EBA Annual Policy Research Workshop Paris, 6 November 2024 Opening speech by Francois-Louis Michaud, EBA Executive Director Introduction Good morning, Ladies and Gentlemen, dear colleagues, and a warm welcome to all participants to the thirteenth EBA Policy Research Workshop! As you know, this annual event, that started in 2012, brings together economists and researchers from the supervisory community and central banks, as well as academia, to discuss how the banking sector is evolving, and to identify current and future challenges from a regulatory and a supervisory perspective. Close to 450 participants have registered to this year’s Workshop and will be contributing to the debates during the next two days, attending either in person here in Paris or joining virtually from around the world. This testifies to the importance of our EBA Research Workshop and to the theme we have selected for this year’s edition. We will indeed be reflecting on the “boundaries of banking regulation”. We will be addressing the new frontiers of the traditional efficiency-stability trade-off, and considering which policies, in a context of competition and well-functioning risk management, can best foster innovation and safeguard financial stability. Against the background of buoyant ICT innovation and the growing role of non-bank financial intermediation over the past decade, important research questions arise around the adequacy of the current regulatory regime. In the...