European Banking Federation Warns Complex EU Rules Threaten Economic Growth and Lending
The European Banking Federation warns that fragmented EU regulations hinder lending. This situation risks economic growth compared to global competitors.
洞察:
The European Banking Federation has issued a stern warning to officials within the 
EU regarding a complex and fragmented regulatory landscape that is currently undermining the ability of financial institutions to provide necessary credit. In a formal letter sent to the European Commission, the federation argued that the current oversight environment is placing the continent at a significant competitive disadvantage compared to the 
US and 
GB. This warning comes at a critical time as the European Commission, led by ursula von der leyen, considers ways to simplify rules to bolster the regional economy.
EU regarding a complex and fragmented regulatory landscape that is currently undermining the ability of financial institutions to provide necessary credit. In a formal letter sent to the European Commission, the federation argued that the current oversight environment is placing the continent at a significant competitive disadvantage compared to the US and GB. This warning comes at a critical time as the European Commission, led by ursula von der leyen, considers ways to simplify rules to bolster the regional economy.According to the federation, the regulatory burden has directly impacted the financial power of the banking sector. Data shows that 15 major banks were required to hold more than 100 billion euros in additional capital as a result of discretionary supervisory measures. This capital requirement has led to an estimated loss of 1.5 trillion euros in potential lending capacity across the region. slawomir krupa, who serves as the President of the European Banking Federation and is also the Chief Executive of Societe Generale SA , emphasized that the complexity of the current landscape is a major hurdle for growth.
