On Thursday 27 March, Claudia Buch, Chair of the ECB’s Single Supervisory Mechanism (SSM), said that European prudential rules were not a handicap to the competitiveness of the banking sector.
“Supervision and capital requirements are not holding back growth”, said Ms Buch in response to a question from Eero Heinäluoma (S&D, Finnish) during a debate in the Committee on Economic and Monetary Affairs. In her view, with a CET1 ratio of 15.7% and a non-performing loan ratio of 2.3% in...