Finance
Top European Central Bankers Push for Simpler Banking Rules
- Four governors seek ‘holistic’ assessment of regulations
- Some EU nations have boosted lobbying for an urgent review
This article is for subscribers only.
Four of the European Union’s top central bankers urged the bloc’s regulatory arm to simplify the mass of rules that commercial lenders blame for increasingly putting them at a disadvantage to international competitors.
A “comprehensive analysis” of the requirements could help ensure a “level playing field with other major jurisdictions,” the governors of the Spanish, German, Italian and French central banks wrote to the European Commission in a letter seen by Bloomberg News.