Frédéric Oudéa: European financial regulation is too stringent to be competitive

If Europe wants to protect its economic sovereignty and stop relying on foreign financial institutions to fund our future, it needs its own global financial champions

Boxed in by isolated national safety nets, fragmented capital markets, and divergent local implementations, the European banking sector remains geographically siloed. File picture

As Europe looks to reinforce its place in a rapidly shifting geopolitical landscape, a clear imperative has come into focus: the money exists to fund our future, but the financial architecture to deploy it does not. 

To finance our digital and green transitions, strengthen our collective defence, and drive innovation, Europe needs massive, mobilised capital.