ECB posts Machado's comments on simplifying bank rules and capital standards
“Simplification should make banking rules more proportionate and easier to understand, not lower capital standards, says Supervisory Board member Pedro Machado. He adds that the biggest hurdle for competitiveness is Europe’s fragmented banking market”
— ecb (@ecb) Tue 3 Nov, 03:49 ET
Official post · not independently verified
Our summary
Official post · not independently verified. The European Central Bank wrote: "Simplification should make banking rules more proportionate and easier to understand, not lower capital standards, says Supervisory Board member Pedro Machado. He adds that the biggest hurdle for competitiveness is Europe’s fragmented banking market". On X: 2,572 views and 0 reposts as of Tue 3 Nov, 04:08 ET.