Top European Central Bankers Push for Simpler Banking Rules (2)

Four of the European Union’s top central bankers urged the bloc’s regulatory arm to simplify the mass of rules that commercial lenders blame for increasingly putting them at a disadvantage to international competitors.

A “comprehensive analysis” of the requirements could help ensure a “level playing field with other major jurisdictions,” the governors of the Spanish, German, Italian and French central banks wrote to the European Commission in a letter seen by Bloomberg News.

The advent of the Trump administration in the US has emboldened finance executives around the world to demand the roll-back of multiple regulations put in place ...