EU Commission’s targeted consultation on the competitiveness of the EU banking sector

Europe needs a competitive regulatory approach with clear prioritization. This must enable adjustments to be made at short notice and, at the same time, initiate structural development of the European regulatory and supervisory framework. 

First and foremost, further increases in capital requirements must be stopped. Growth requires scope for credit and investment in the real economy, not banks that have to adapt to higher capital requirements. Banking regulation thus has a direct impact on industrial policy. Targeted regulatory adjustments are needed that contribute to Europe's competitiveness and sovereignty while taking European characteristics into account. However, it is also necessary for the regulatory framework to be applied in a more targeted manner and to a greater extent on the basis of risk-benefit assessments and the principle of proportionality.