Top EU banks meet with Commission chief to shape the 2027 banking reform agenda
Executive summary: Santander, BNP Paribas, and Société Générale met with European Commission President Ursula von der Leyen to discuss the upcoming 2027 EU banking reform. The meeting reflects the banks' attempt to shape regulatory changes that will affect capital requirements, digital banking standards, and market‑activities oversight across the EU.
Who is involved: Santander, BNP Paribas, Société Générale, and European Commission President Ursula von der Leyen; the discussion also involves EU policymakers drafting the 2027 reform.
Likely next: Draft legislation will be circulated for consultation in the coming months, followed by European Parliament and Council votes, with potential adjustments based on industry feedback.
On June 29, 2026, Santander, BNP Paribas, and Société Générale held a high‑level meeting with European Commission President Ursula von der Leyen to discuss the forthcoming 2027 EU banking reform. The gathering signals the banks’ intent to influence legislative proposals covering capital requirements, digital banking rules, and market‑activities oversight. By engaging directly with the Commission president, the institutions aim to steer the reform toward outcomes that balance financial stability with competitiveness. The meeting comes amid growing pressure from digital‑only rivals and evolving AI‑driven services in the sector.
Timeline
- — Santander, BNP y Société se citan hoy con Von der Leyen para tratar la gran reforma bancaria (Expansión)
Analysis — what this means
Likely next events
- EU Commission publishes draft banking reform proposal
- Public consultation period opens for stakeholders
- European Parliament committee reviews and amends the text
- Final vote expected by late 2027
Sectors affected
- Banking
- Financial services
- FinTech
- Investment banking
Regulatory implications
- Revised capital adequacy rules for EU banks
- Updated guidelines on digital banking and AI use in client services
- Enhanced oversight of trading and investment banking activities
Historical parallels
- Basel III implementation in the EU (2019‑2021)
- Creation of the Banking Union and Single Supervisory Mechanism (2014)
- MiFID II reforms affecting market transparency (2018)
Key entities
Sources
- Santander, BNP y Société se citan hoy con Von der Leyen para tratar la gran reforma bancaria — Expansión
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