Europe needs cross-border banking reforms – Lautenschläger
Nations must reform ring-fencing before next crisis hits, says ECB supervisor
The European Union needs to take determined action to ensure its financial sector regulations make it easier for banks to operate across borders, Sabine Lautenschläger said.
“The single rulebook forms the basis for this supervision,” the senior European Central Bank supervisor told an audience in Vienna on March 27. “But this rulebook is not as single as supervisors would like.”
There are still some important areas in urgent need of harmonisation, not only to ensure a level playing field, but
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