Eurogroup chairman Jeroen Dijsselbloem: Bank rules should stay ‘strict’

Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had caused investors to look “more critically” at risks borne by banks.

Speaking on radio, Dijsselbloem, also the Dutch finance minister, said stricter rules imposed after the 2007 financial crisis that would restore confidence in banks.

“We now have much stricter rules for who pays the bill if banks go wrong, and it’s not the taxpayer,” he said.