Europe’s maze of bank regulation needs to be simplified
There are three reforms that could reduce complexity while preserving resilience
There are three reforms that could reduce complexity while preserving resilience

Clarity on regulations and how they are applied are needed as much as simplification

Simplification is not the same as true deregulation

There are immediate steps that we can take to consolidate our single market

Policymakers and banking industry should push for convergence on rules

The nexus between states and lenders through bond holdings should be broken

Tensions over regulation add to geopolitical upheaval, dashing hopes of more certainty