Luís Máximo dos Santos: Banking conduct supervision - importance and key challenges

Keynote speech by Mr Luís Máximo dos Santos, Vice-Governor of the Bank of Portugal, at the CIRSF (Research Center on Regulation and Supervision of the Financial Sector) Annual International Conference 2019 "Financial Supervision and Financial Stability Ten Years After the Crisis: Achievements and Next Steps", Lisbon, 4 July 2019.

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

Central bank speech  | 
11 July 2019

1. Please allow me to start by thanking you for the invitation to take part in the CIRSF Annual International Conference, which, as a testament to the excellence of its past editions, has established itself as a showcase event to reflect on the most important issues in the financial sector.

I would like to salute all speakers and participants and, particularly, Professor Lufs Morais, whom I congratulate most sincerely for yet another remarkable CIRSF initiative.

It is important that banking conduct supervision in the financial sector be analysed and discussed even further.

During my speech, I will focus on banking conduct supervision. It will centre around the reasons why it is so important to the pursuit of financial stability, the emergence of what has come to be called the 'new paradigm' of banking conduct supervision and in some of the main challenges it now faces, more specifically due to the digital transformation of financial services.