ECB’s Kocher Wants to Cap Growth of Europe’s Financial Rules

Europe should keep a tight rein on financial rule-making as the rise of businesses like crypto assets leads to demands for yet more standards, Austria’s central-bank chief said.

The region should check both the quality and quantity of its regulations and gradually remove some of the older ones, Martin Kocher told a conference of Austria’s financial regulator on Tuesday in Vienna.

Martin Kocher

Photographer: Andrei Pungovschi/Bloomberg

“Realistically the focus will have to be on limiting potential growth,” said Kocher, who’s also a member of the European Central Bank’s Governing Council. “But it would be important to review the existing regulations and, for example, ...