Economics
EU Weighs Regulatory Burden, Unveils Capital-Markets Boost
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The European Commission will assess the collective impact of more than 40 pieces of regulation adopted in the wake of the financial crisis, as it turns its attention to job-creation and reviving the economy.
The European Union’s executive arm will evaluate the “unintended consequences” of rules that were pushed through rapidly in an attempt to shore up the banking system after 2008. The commission seeks input until Jan. 6 on unnecessary burdens imposed by regulators, inconsistencies and the interaction of rules that may have led to less resilient financial institutions.