Eurozone bank uncompetitiveness a ‘myth’ – Schnabel
Regulations have made lenders better, says ECB board member
Eurozone banks are more, not less, competitive thanks to the regulations they are subject to, Isabel Schnabel has argued.
In an interview with Bloomberg today (December 8), the European Central Bank board member said European Union policy-makers were on the right path when it came to reducing bureaucracy and eliminating “excessive regulation”. However, the bloc had avoided undergoing a financial crisis during the “massive shocks” of the pandemic, Russia’s full-scale invasion of Ukraine and the
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