ECB’s Mersch tells banks to take advantage of reforms
Banks could lend more to SMEs if they took advantage of European scale
Banks in Europe should do more to tap into the "sizeable" benefits that stem from economies of scale and the pan-European opportunities that banking union provides, European Central Bank executive board member Yves Mersch said today.
In remarks delivered to the Economist Future of Banking Summit in Paris, Mersch said banks stood to benefit from a more diversified customer base and could optimise their use of capital and liquidity under the Single Supervisory Mechanism. "Being European provides a
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