Across the European Union, there is an ongoing and dynamic debate about streamlining
the financial regulatory framework to make it more efficient and less burdensome for institutions, while still safeguarding financial stability, upholding international standards and advancing the European integration agenda. Policymakers are considering how to reduce unnecessary complexity in rules and reporting requirements, aiming to foster innovation and competitiveness within the sector. The simplification can affect a number of elements, including the regulatory activity, the supervisory practices, bank regulatory approaches

or the green agenda, among others, aspects that are key for FinSAC countries. However, there remains a strong emphasis on ensuring that any regulatory simplification does not compromise the resilience of the financial system or the ability of supervisors to identify and mitigate emerging risks, including from climate change and accelerated digitalization of financial services.

In this context, the balance between regulatory simplification and stability will be a central topic of discussion. The event aims to encourage meaningful dialogue among speakers
and participants on the proposals for regulatory simplification in the European Union, and their relevance for FinSAC client countries. In addition to discussing the streamlining of the regulatory, the conference will address innovative approaches for early detection of credit risk and non-performing assets, while elaborating how the prudential authorities can address the risks related to the involvement of banks and other financial institutions in crypto asset markets, including by discussing the emerging trends and regulatory best practices.