Disharmony threatens EU regulation, says EBA’s Enria
EBA chair says countries have too many opportunities to bend regulations to suit them
One of Europe's top regulators has criticised the way the EU goes about drafting banking regulations, warning a failure to properly harmonise rules is undermining Europe's banking union.
Andrea Enria, the chairman of the European Banking Authority (EBA), pointed to numerous weaknesses in the 'single rule book', supposedly a set of unified and universally applicable rules for Europe's banks, in a speech at the University of Padua on September 28.
In remarks that were part an assault on the
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