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Banks and fintechs at disadvantage in Europe compared to US, Santander chief says

By Fiona Maxwell ( October 11, 2021, 13:49 GMT | Insight) -- European businesses are lagging behind the US due to inefficiencies in cross-border regulation, Santander's chairman Ana Botín said today. She called for a more agile regulatory framework, and urged governments and policymakers to align climate-change rules for financial institutions.Financial institutions of all sizes are at a disadvantage in Europe due to fragmented markets and tough rules compared to the US, despite the two jurisdictions having similar-sized markets, Santander group chairman Ana Botín said today....

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