Spanish deputy governor hints at need for European banking mergers

Bank of Spain

The "excess capacity" in the banking industry "throughout Europe" is "increasingly discernible", the deputy governor of the Bank of Spain told an audience in Madrid on December 15.

Fernando Restoy hinted strongly that he believed regulators should not interfere with mergers in the European banking industry.

"Redressing this problem will likely require something more than an adjustment in banks' size or business models," he said. Banks would have to "adopt the pertinent strategic decisions at the

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

If you already have an account, please sign in here.

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