EU: Deregulierung des Bankensektors – großes Paket oder zwei Schritte?

Within the European Union, there is disagreement about whether the planned banking market deregulation in Europe should be implemented in several steps or if member states want to stick to a single package. Germany pushes for a division of the proposal. However, this idea was rejected by EU Financial Commissioner Maria Luis Albuquerque last week.

Economic Commissioner Valdis Dombrovskis also advocates for a division of the plan. He supports reforms to cut bureaucracy, but wants to postpone other points, such as a pan-European deposit insurance system, to a later time, Bloomberg reported based on sources familiar with the matter. The initiative aims to reform the EU banking system by removing national obstacles for pan-European banks.

Certain aspects of the capital structure are to be simplified, and the regulation of trade financing improved. European credit institutions fear being at a disadvantage compared to their US counterparts, who have benefited from a wave of deregulation. German Finance Minister Lars Klingbeil (SPD) proposed a two-stage approach at a meeting of EU Finance Ministers last weekend.

He argued that issues like bureaucracy reduction should have priority while more complex matters should be discussed in a later stage. This approach is apparently shared by Dombrovskis. Changes face resistance Germany has long rejected a European deposit insurance system. The idea of a pan-European deposit insurance has stalled, as Berlin and other capitals fear their national deposit insurance systems could be called upon to rescue banks in other economies.

"See also: What is going on in Germany? Merz' weakness becomes a European problem Europe's largest banks demand a division of the proposal. They fear that disputes over the deposit insurance plan could jeopardize the entire proposal ahead of the European elections next year. The banks and lobby groups also oppose key parts of an EU plan to revive the Union's financial system. Both the European Parliament and the EU Member States must agree on the proposal.