Luis M Linde: Finalising Basel III

Speech by Mr Luis M Linde, Governor of the Bank of Spain, at the VII Expansión-KPMG Financial Meeting "Transformation of the banking business model", Madrid, 4 October 2016.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Allow me to begin by expressing my gratitude for the invitation to inaugurate this VII edition of the Expansión-KPMG Financial Meeting.

Last year we met, around these same dates, to analyse the move from "restructuring" to "transformation" of the banking sector. Today, the focus of the discussion is on "transformation"; and this is positive, as it shows that banks are already immersed in a process of change, enabling them to face the new landscape in the wake of the crisis.