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New EU banking chief Michaud faces competitiveness hurdles amid global risks

By Fanny Roux ( April 16, 2026, 10:38 GMT | Comment) -- The new chief of the European Banking Authority, François-Louis Michaud, is set to simplify banking oversight while addressing challenges from digital innovations and enhancing banking competitiveness. He emphasized the importance of capital buffers, robust stress-testing and crisis-simulation exercises to navigate the evolving and uncertain global landscape.The new chair of the European Banking Authority aims to steer the work on simplifying the supervisory framework, participate in the debate over banking competitiveness, and tackle new challenges related to AI, cybersecurity and stablecoins, he told the press....

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