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EU bank regulation shouldn't be relaxed to promote growth, top banking supervisor says

( September 13, 2024, 13:14 GMT | Official Statement) -- MLex Summary: Relaxing banking regulation and supervision in the EU to promote growth could have negative side effects, Claudia Buch, Chair of the Supervisory Board of the European Central Bank, has told the Eurofi Financial Forum 2024. There is no evidence that the European approach to supervision and regulation is constraining growth or market competitiveness, she said. They contribute to ensure an efficient, transparent financial system, she said, and deregulation or milder supervision would weaken financial stability. "Strong supervision and regulation have positive implications for the real economy by bolstering trust and market confidence," she added.Speech is attached. ...

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