EBA and ECB hit out at capital hurdles to banking union

Top regulators frustrated by push to ring-fence capital and liquidity in EU subsidiaries of EU banks

EBA chair Andrea Enria: proposal “seems to be pointing in the opposite direction [to the banking union]”
Photo: EBA

Efforts by some European Union countries to protect the ring-fencing of bank capital and liquidity in national subsidiaries are blocking progress towards a banking union that has been six years in the making – that is the damning assessment by top European regulators of a current political battle in the bloc.  

The comments by officials from the European Banking Authority and the European Central Bank add to a chorus of complaints from the banking industry about members of the Council of the

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