Gastkommentar: Europas Banken brauchen einfachere Regeln, keine laxeren
Stabile Banken stärken Europas Wettbewerbsfähigkeit. Sie brauchen risikogerechte Regeln und weniger unnötigen Aufwand, meinen Denis Beau und Michael Theurer aus dem EZB-Aufsichtsgremium.
Europe's banks require simpler rules, not more lax regulations, according to a recent report. The European Union faces geopolitical tensions that impact its international competitiveness. The issue now extends beyond economic growth to include national sovereignty. To finance its strategic priorities, Europe must prioritize funding, which includes transitioning to a climate-friendly economy, digitalization, and defense.
The financial system in Europe needs to become more independent. Currently, markets for bonds, stocks, and venture capital in the United States are far larger than those in the EU. The market for venture capital is particularly crucial for growth and innovation. European banks play a vital role in financing the European economy, and the debate on improving their competitiveness has now reached the EU banking sector.
Some may argue for deregulation of banks, believing it would enhance their competitiveness and ability to promote economic growth.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
