EU’s plan to get competitive faces big legislative hurdles
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Large and controversial legislative package may be too amorphous to deliver results quickly
Lenders in the European Union fear grand deregulatory designs – aimed at improving banks’ profitability and ability to compete internationally – risk getting snarled up in a lengthy legislative process.
On July 17, the European Commission unveiled a slate of solutions intended to revise current regulatory capital rules and galvanise its banking sector. The plan is part of policymakers’ attempt to
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