A simplified regulatory framework and progress on banking union and capital markets union would allow European banks to increase their capacity to lend to the economy by “almost a third”, i.e. an additional €4 to 4.5 trillion, according to the European Banking Federation, based on a study commissioned from Oliver Wyman and published on Friday 27 January.
The study compares the cost to banks of regulatory compliance in the US and the EU. It notes that the European approach to...