Top bankers ask the EU to relax regulations to grow more
Los 11 mayores bancos europeos reclaman una moratoria en el incremento de los requerimientos de capital y avanzar en la simplificación. Leer
Eleven major European banks, including Santander, HSBC, and Deutsche Bank, have called for a moratorium on increasing capital requirements and for regulatory simplification. In a letter to European leaders, including European Council President António Costa and European Commission President Ursula von der Leyen, the banks' CEOs urged the EU to relax regulations to boost growth and strengthen the economy.
The banks argue that their capacity to absorb losses is at a historic high of €2.5 trillion and that new capital requirements should be put on hold until longer-term reforms are implemented. They also called for simplification to be a permanent goal, not a one-off solution, and for regulators to consider competitiveness and growth when making decisions.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
