The final step in the repair of the EU banking sector is cleaning up legacy assets. Otherwise, all of the work we have done to strengthen banks’ capital and assess the quality of their assets will not have the desired positive impact on new lending into the real economy. Progress is in train but has […]
Piers Haben is the Director of Oversight at the EBA, where he is responsible for the EBA’s risk infrastructure, the EU wide stress test, the EBA work on non-performing loans and promoting a common supervisory culture across the EU. Prior to joining the EBA, Piers worked for the Financial Services Authority in the United Kingdom, leading the FSA's policy work on stress testing and supervisory review. Piers Haben also has held a number of positions of international relevance through his membership within the Basel Committee's Supervision and Implementation Group, his work in the Financial Stability Forum and an advisory role at the South African Reserve Bank.