Central bankers want EU financial regulations eased to ‘level playing field’

Call to roll back regulations put in place after 2008 financial crisis

Analysis of the requirements could help ensure a “level playing field with other major jurisdictions”, the governors of the Spanish, German, Italian, and French central banks wrote to the European Commission. Picture: Pexels

Four of the European Union’s top central bankers urged the bloc’s regulatory arm to simplify the mass of rules that commercial lenders blame for increasingly putting them at a disadvantage to international competitors.

A “comprehensive analysis” of the requirements could help ensure a “level playing field with other major jurisdictions”, the governors of the Spanish, German, Italian, and French central banks wrote to the European Commission.