EBA chair says current regulation not fit for all banks
The EBA chair says EU regulation derived from Basel III is too complex for some banks; the Basel Committee’s head sees tension between making Basel III more proportionate and keeping rules consistent across borders
Banking regulation in the European Union is too complex for some banks, and rule-makers should now focus on tailoring it to different business models, the chairperson of the European Banking Authority (EBA) has said.
"Have we come out with a framework which is very complex? Indeed we have," Andrea Enria said at the British Bankers' Association International Banking Conference on October 22. "How can we simplify is the general question I have. And I'm coming to the conclusion that maybe we need
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