Europe’s ‘bloated’ banking system could be harming growth, says ESRB committee

Academics welcome recent European reforms but warn they may not be enough

European Union map

Europe's banking system has grown "much more" than any other in the past 20 years, and is now so large that it may be harming economic growth in the region, an advisory body to the European Systemic Risk Board (ESRB) said today.

The ESRB's advisory scientific committee, which includes Deutsche Bundesbank vice-president Claudia Buch, described the European Union banking system as "overweight" and in need of "new treatments" in a report released today.

The total consolidated assets of banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account