ECB Says Impact of Proposed Banking Rules May Vary Across EU
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The European Central Bank said it’s vital to evaluate the impact of planned new banking rules across the European Union as it may vary from one country to another.
“An impact assessment needs to be carried out as a matter of priority,” the ECB said in an e-mailed statement today. The proposals by an EU-mandated group led by Bank of Finland Governor Erkki Liikanen “may have a significantly different impact across the EU, given differences in the structure of the banking sectors.”