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2025-09-12 17:43:19
[Streamlining regulations, banks saving themselves: the game under the reshaping of European supervision] ⑴ ECB Governing Council member Nagel stressed that EU banking regulators need to show a "bold" attitude to simplify rules and reduce the burden on banks while ensuring that their risk resistance is not damaged. He pointed out that the simplification of supervision is feasible and the goal is to achieve "as simple as possible." ⑵ This initiative aims to streamline the large number of regulatory requirements accumulated since the 2008 financial crisis. The background of this move is that European officials are seeking to avoid their banks being at a disadvantage compared to their American competitors, who are taking actions to relax some regulatory measures. ⑶ Nagel's statement implies that the streamlining of supervision is not equivalent to deregulation, but a structural optimization carried out under prudent consideration, aimed at enhancing the competitiveness and efficiency of the European banking industry.
