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EU’s plan to get competitive faces big legislative hurdles

Large and controversial legislative package may be too amorphous to deliver results quickly

Shadow of a man at the start of a set of hurdles

Lenders in the European Union fear grand deregulatory designs – aimed at improving banks’ profitability and ability to compete internationally – risk getting snarled up in a lengthy legislative process.

On July 17, the European Commission unveiled a slate of solutions intended to revise current regulatory capital rules and galvanise its banking sector. The plan is part of policymakers’ attempt to

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