European banks too small: the EU Commission launches the competitiveness plan

European banks too small: the EU Commission launches the competitiveness plan

The long-awaited proposal for joint deposit insurance has arrived. The capital markets union project foresees “a clear path towards a more integrated, efficient, and competitive banking sector,” said Maria Luís Albuquerque, Commissioner for Financial Affairs. “Simplifying the rules and making them more proportionate is important, but it will not be enough. European banks need the right conditions to expand, consolidate, and compete globally. This means removing obstacles in the single banking market and completing the Banking Union.”

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