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Spain, France and Italy Claim to Limit the Powers of the ECB and the EBA
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Spain, France and Italy Join Forces to Limit the Powers of the ECB and EBA by 'Regulatory Inflation'
IN 30 SECONDS What has happened? Spain, France and Italy have leaked a joint document in which they demand to limit the regulatory powers of the ECB and the EBA. They denounce a ‘regulatory inflation’ that weighs on European banking. Who is behind it? Ministers of Economy of the three major countries of the south. Non-paper, not yet official, has been revealed by EXPANSION. What impact does it have? The proposal seeks to reform the EU banking su…
It is necessary to limit the powers of the European Central Bank (ECB) and the European Banking Authority (EBA) in order to boost the competitiveness of the institutions on the continent.
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