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During the upcoming trilogue discussions the EBF will continue its efforts to convince European Union institutions to substantially amend the BSR proposal so that the European banking sector can remain competitive in a global context, and to take into account the need to apply the subsidiarity principle where appropriate.
As stated previously, the EBF urges policy makers to rethink their priorities as Bank Structural Reform could lead to a loss in European investment capacity equal to 5 percent, representing a decline of almost €100 billion in capital expenditure on the long term.
Any further reform of the banking sector also needs to take into view the new, significantly different regulatory and economic environment.