Post by European Central Bank

Europe has an opportunity to make the banking sector fit for the future, writes Supervisory Board Chair Claudia Buch. As Brussels closes a consultation on the competitiveness of European banks, our response outlines a clear course of action: 1. promote integration and competition by harmonising rules and allowing capital and liquidity to flow freely 2. safeguard resilience and financial stability to cope with the highly uncertain international environment 3. simplify rules without deregulating to ensure supervision remains efficient, effective and risk-based The task now is to complete the banking union and remove the barriers that still fragment the Single Market. Want to learn more? The link to the blog post is in the comments 👇