he “Excessive” regulation in Europe It burdens credit for SMEs and mortgages. Head of the Spanish Banking Association (AEB) It has challenged countercyclical capital buffer requirements, Post-Basel IVwhich actually means less funding from this sector. “The extraordinary decisions of European regulatory and supervisory bodies represent $270 billion of capital, with 1 Growth in the past four years of 100,000 million, He pointed out that if it were half, the authorities would have an additional 50 thousand million to grant housing loans.
during View issue 190 of The Economist magazineEntitled “Banking: Transformation and Competitiveness”, it is a study that analyzes the main challenges facing the European financial sector in context Deep technological, organizational and strategic transformation, Kindelan did A call to “simplify” Regulatory as a “social” issue with practical application to households and businesses. He pointed out, “This is why we say that this is a matter of political responsibility.”
In this line, President of the Association of Banks in Spain He criticized the number of laws passed at the community level. “For our sector alone, the EU published 13,000 new regulations in 2019. In the same period, there were barely 5,000 in the US. Banking is a typical case Kindlan emphasizes that in this context, adopting the precautionary framework – responsible for… Guarantee of bank solvency – becomes “unaffordable”.
This complexity, According to the head of AEBand also extends to the supervision zone where the pressure has increased. If they encountered six years ago Three moderated performances per year, in 2023 It was raised to eight, which also entailed a 160% increase in costs, “freeing up more and more resources for supervisors.” Kindelan also took the opportunity to address the project to establish the European Deposit Guarantee Fund (EFDG), an initiative “fundamental” to ensure homogeneous coverage of depositors, but also so that entities are assessed in terms of their solvency.