Banks' Warnings Gain Hill's Attention in Regulatory Review
- EU Commissioner gives preview of bank regulation consultation
- Responses focused on liquidity, lending, proportionality
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The European Union is listening to banks’ complaints that post-crisis regulation thwarts lending and overwhelms small lenders with bureaucracy, the EU’s financial-services chief said.
Those issues show up as most prominent in a consultation which seeks to assess the collective impact of more than 40 pieces of regulation the European Union adopted in the wake of the financial crisis, Jonathan Hill said in Copenhagen on Friday.