Regulatorische Agenda 2025+ und deren Ausblick: Zwischen Komplexität und Notwendigkeit – Eine kritische Analyse des europäischen Bankensektors

Hellenkamp, Detlef (2025): Regulatorische Agenda 2025+ und deren Ausblick: Zwischen Komplexität und Notwendigkeit – Eine kritische Analyse des europäischen Bankensektors. Published in: SSRN (Social Science Research Network ) (8 May 2025)

Abstract

The 2025+ regulatory agenda presents the European banking sector with a significant convergence of complex requirements, including the finalisation of Basel III (CRR III/CRD VI), the Digital Operational Resilience Act (DORA), the Markets in Crypto-Assets Regulation (MiCAR), the new Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) package with the establishment of the AMLA, and the ongoing implementation of ESG regulations (CSRD/ESRS, EU Taxonomy).

The results of this work show that, despite the undeniable need to strengthen the resilience and integrity of the sector, the aggregated regulatory complexity, the considerable implementation costs and potential normative inconsistencies constitute substantial challenges for the competitiveness and innovative capacity of institutions. In particular, interactions in the context of digital transformation, ensuring regulatory proportionality and handling large volumes of data in compliance with data protection regulations require precise calibration in the sense of differentiated and coherent (‘smarter’) regulation. The supervisory priorities of the European Central Bank (ECB) and the European Banking Authority (EBA) reflect these challenges and require far-reaching.

The outlook points to a persistently high regulatory dynamic that will be increasingly characterised by the need to systematically manage the complex interactions between financial stability-related objectives, technological innovation capability and sustainability-oriented requirements.

• Item Type: MPRA Paper
• English Title: Regulatory Agenda 2025 and Its Outlook: Between Complexity and Necessity - A Critical Analysis of the European Banking Sector
• Language: German
• Keywords: AI-Act, AML/CFT-Paket (AMLA), Aufsichtspriorität, Basel III (CRR III/CRD VI), CSRD, Digitalisierung, Digital Operational Resilience Act (DORA), Digitale Transformation, ESG-Regulierung, ESRS, Markets in Crypto-Assets Regulation (MiCAR), Proportionalität, RegTech, Smart-Regulation, SupTech
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation; K - Law and Economics > K2 - Regulation and Business Law > K23 - Regulated Industries and Administrative Law

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