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Board members of the European Banking Federation on Friday called on the European Union to renew its momentum for progressively completing the EU regulatory and supervisory framework for financial services so that banks can continue to foster growth and support job creation.
If Europe is to carry on moving forward with its ambitious sustainable growth agenda, it will be essential to consider the completion of Banking Union and to reinvigorate Capital Markets Union. At the same time, the EU needs to carefully calibrate the range of EU and international – ‘Basel4’ – regulatory measures that are nearly final. “Completing Banking Union and creating a CMU needs to feature prominently on the agenda for the next EU term,” said EBF President Frédéric Oudéa. “We live in an age...
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