{
  "id": 10405720,
  "title": "Machado (BCE) señala que la banca debe ganar escala para competir",
  "url": "https://urgent.news/2026/09/28/machado-bce-senala-que-la-banca-debe-ganar-escala-para-competir",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T08:29:12.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/banca/encuentro-financiero/2026/09/28/6ab983dce5fdeaea0a8b457a.html"
  },
  "original_language": "es",
  "account": "Pedro Machado, a member of the Banking Supervision Supervisory Board at the European Central Bank (BCE), has stated that banks must grow in size to remain competitive. Speaking at the XVII Financial EXPANSION-KPMG Meeting, Machado emphasized the need to break down barriers that prevent cross-border corporate operations. He argued that larger banks would be better positioned to take advantage of the continent's 450 million consumers and the associated economies of scale. While recognizing the importance of reducing regulatory complexity, Machado stressed that the real challenge lies in dismantling barriers that prevent the creation of multinational banks. He noted that European banks are missing out on cost efficiencies and diversified income streams due to their limited size. The European Union's UniCredit is the only major bank actively expanding cross-border, despite recent regulatory advancements. Machado attributed the low appetite for cross-border corporate transactions to the lack of a true Banking Union, which has deterred the creation of true European banking champions and constrained growth. He advocated for an integrated framework that would provide depositors with consistent security regardless of where they hold their deposits, improve risk diversification, and facilitate capital and liquidity flow within cross-border banking groups. The deposit guarantee fund, largely hindered by frugal countries' concerns, is seen as a cornerstone of integration. The European Commission views such a fund, or a similar structure, as indispensable for unlocking billions in trapped capital and liquidity. Machado cautioned that failing to address regulatory obstacles would be an opportunity lost at a time when banks are being asked by Brussels to bolster their financing capabilities amidst geopolitical tensions, defense needs, and the digital and green transitions.",
  "summary": "El miembro del Consejo de Supervisión bancaria del Banco Central Europeo asegura que las entidades \"se están perdiendo las eficiencias de costes y la diversificación de ingresos que conlleva ser más grandes\" y pone como máxima prioridad tumbar las barreras que impiden operaciones corporativas trasnacionales. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}