EBA Says 20% of Its Upcoming Banking Rules Can Be De-Prioritized

The European Banking Authority said 20% of its 140 upcoming mandates to hammer out rules for the industry could be delayed or not seen through as regulators in the region seek to lighten the load on lenders.

The EBA reached the conclusion after developing a methodology to assess whether standards are burdensome or beneficial, it said in a report on Wednesday in Paris. The measure will require an agreement with the European Commission and other bodies.

The authority didn’t immediately provide a detailed list of which rules could be “de-prioritized.”

Europe is seeking to reduce the regulatory burden on banks ...