✉news BusinessBanking first seen 19 h ago, last 1 h ago, peak #14
ECB vice president calls for simpler bank rules, not lower capital
Original: Europe needs simpler bank rules not lower capital: ECB's VP
The European Central Bank's vice president said Europe's banking rules need to be made simpler rather than accompanied by lower capital requirements. The message, reported by Reuters, signals that the ECB wants to ease regulatory complexity and burden for banks while keeping the amount of capital they must hold unchanged. It comes amid ongoing debate in Europe over banking regulation and competitiveness of the region's financial sector.
Why now: The ECB is weighing in on the current European debate over cutting regulatory burdens and capital rules for banks.
European Central BankEuropeReuters
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