Robin Jarvis, special adviser to the Association of Chartered Certificated Accountants (ACCA), has been reappointed to the banking stakeholder group of the European Banking Authorities (EBA).
Jarvis, who is also professor of accounting at Brunel University in the UK, said it is a "crucial" time for the European banking sector and the European regulator.
According to Jarvis "harmonised prudential regulation" is necessary to ensure stability in the "internal market", and "consistent rules and regulations" are needed to "instil trust" in the supervisory system.
Jarvis explained the stakeholder group exists to "establish dialog and consultation" between the various bodies involved in the work of the EBA.
The ACCA has taken an interest in this policy area, and during a recent debate in Brussels of the association there was general support for the banking union, Jarvis said.
According to Jarvis the Euro area is in need of a "stronger institutional framework" to reinforce financial stability and avoid contagion.
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By GlobalData"The work of the EBA in this context is vital, so I am delighted to again be a member of this important group, and to continue to work for the EBA."
Article by Sebastian Clark
Related links
The European Banking Authorities
The Association of Chartered Certificated Accountants
