Supervision: Private banks demand more speed with banking rules from Brussels
The European Commission wants its report on banking regulation and competitiveness of the banking sector on 17 June
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Summary
The European Commission wants its report on banking regulation and competitiveness of the banking sector on 17 June. German banks in particular fear that their funds will be used to finance imbalances by institutions in other countries. This is 600 billion euros more than in the report of former ECB President Mario Draghi on European competitiveness. “Europe needs strong banks to finance the huge investments in digitalisation, energy supply, defence and industrial transformation,” said Herkenhoff.
Furthermore, Regulators in the US and UK, for example, have relaxed regulations for banks that were introduced after the global financial crisis. The EU must implement concrete measures much faster so that Europe's banks become more competitive, said Heiner Herkenhoff, Managing Director of the Bank Association, in Frankfurt. The forerunner is the US government under Donald Trump.
In addition, The much-needed regulatory relief should be implemented independently of this issue.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
The European Commission wants its report on banking regulation and competitiveness of the banking sector on 17 June.
reliability low1/2 sourcesGerman banks in particular fear that their funds will be used to finance imbalances by institutions in other countries.
reliability low1/2 sourcesThis is 600 billion euros more than in the report of former ECB President Mario Draghi on European competitiveness. “Europe needs strong banks to finance the huge investments in digitalisation, energy supply, defence and industrial transformation,” said Herkenhoff.
reliability low1/2 sourcesRegulators in the US and UK, for example, have relaxed regulations for banks that were introduced after the global financial crisis.
reliability low1/2 sourcesThe EU must implement concrete measures much faster so that Europe's banks become more competitive, said Heiner Herkenhoff, Managing Director of the Bank Association, in Frankfurt.
reliability low1/2 sourcesThe forerunner is the US government under Donald Trump.
reliability low1/2 sourcesThe much-needed regulatory relief should be implemented independently of this issue.
reliability low1/2 sources
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