ECB Should Ensure Banks Stay Competitive, Deutsche Bank CEO Says

Europe’s top banking regulator should be given a mandate to ensure the continent’s banks aren’t just safe but can also stay competitive, according to Deutsche Bank AG Chief Executive Officer Christian Sewing.

The European Central Bank should move beyond its focus on financial stability and include considerations of competitiveness when regulating banks, Christian Sewing said at a conference in Frankfurt. In doing so, the watchdog should follow the example of the US Federal Reserve and the Bank of England, which already pursue such a goal, he said.