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Regulatorische Agenda 2025+ und deren Ausblick: Zwischen Komplexität und Notwendigkeit – Eine kritische Analyse des europäischen Bankensektors
[Regulatory Agenda 2025 and Its Outlook: Between Complexity and Necessity - A Critical Analysis of the European Banking Sector]

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  • Hellenkamp, Detlef

Abstract

Die regulatorische Agenda 2025+ stellt den europäischen Bankensektor vor eine signifikante Konvergenz komplexer Anforderungen, darunter die Finalisierung von Basel III (CRR III/CRD VI), der Digital Operational Resilience Act (DORA), die Markets in Crypto-Assets Regulation (MiCAR), das neue Paket zur Bekämpfung von Geldwäsche und Terrorismusfinanzierung (AML/CFT) mit der Einrichtung der AMLA sowie die fortschreitende Implementierung von ESG-Regulierungen (CSRD/ESRS, Taxonomie). Die Ergebnisse dieser Arbeit zeigen, dass trotz der unbestreitbaren Notwendigkeit zur Stärkung der Resilienz und Integrität des Sektors die aggregierte regulatorische Komplexität, die erheblichen Implementierungskosten sowie potenzielle normative Inkonsistenzen, substanzielle Herausforderungen für die Wettbewerbs- und Innovationsfähigkeit der Institute konstituieren. Insbesondere Interaktionen im Kontext der digitalen Transformation, die Gewährleistung regulatorischer Proportionalität sowie eine datenschutzkonforme Handhabung umfangreicher Datenmengen erfordern eine präzise austarierte Kalibrierung im Sinne einer differenziert und kohärent ausgestalteten („smarteren“) Regulierung. Die aufsichtlichen Prioritäten der Europäischen Zentralbank (EZB) und der Europäischen Bankenaufsichtsbehörde (EBA) reflektieren diese Herausforderungen und erfordern tiefgreifende strategische Reorientierungen innerhalb der Geschäftsmodelle und Risikomanagement-Frameworks der Institute. Der Ausblick deutet auf eine anhaltend hohe Regulierungsdynamik hin, die zunehmend von der Notwendigkeit geprägt sein wird, die komplexen Wechselwirkungen zwischen finanzstabilitätsbezogenen Zielsetzungen, technologischer Innovationsfähigkeit und nachhaltigkeitsorientierten Anforderungen systematisch zu steuern.

Suggested Citation

  • Hellenkamp, Detlef, 2025. "Regulatorische Agenda 2025+ und deren Ausblick: Zwischen Komplexität und Notwendigkeit – Eine kritische Analyse des europäischen Bankensektors [Regulatory Agenda 2025 and Its Outlook: Between Compl," EconStor Preprints 324490, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:324490
    DOI: 10.2139/ssrn.5232151
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    References listed on IDEAS

    as
    1. Laeven, Luc & Valencia, Fabian, 2020. "Systemic Banking Crises Database: A Timely Update in COVID-19 Times," CEPR Discussion Papers 14569, C.E.P.R. Discussion Papers.
    2. Luc Laeven & Fabian Valencia, 2020. "Systemic Banking Crises Database II," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 307-361, June.
    3. Julia Black, 2008. "Constructing and contesting legitimacy and accountability in polycentric regulatory regimes," Regulation & Governance, John Wiley & Sons, vol. 2(2), pages 137-164, June.
    4. Christos V. Gortsos, 2023. "The European Banking Regulation Handbook, Volume I," Springer Books, Springer, number 978-3-031-32859-6, December.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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