ECB Pushes Back Against Calls For Looser Bank Rules

Fuente: International Business Times

Trump's return to the White House has fuelled expectations of banking deregulation AFP The European Central Bank has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US rivals if President Donald Trump implements major deregulation. Patrick Montagner, one of the ECB's banking regulators, told AFP in an interview that financial watchdogs "must always take a prudent approach to banking". "The banking sector can, by its very nature, cause a lot of instability," said Montagner, whose watchdog oversees more than 100 of the euro area's biggest lenders, from Deutsche Bank to BNP Paribas and UniCredit.