The EACB welcomes the Commission effort on simplification and competitiveness and to involve the industry as a part of the assessment of “the overall situation of the banking system in the Single Market, including the evaluation of the banking sector’s competitiveness”. In our response, we stress the importance of a more proportionate, risk-based and predictable banking framework that preserves banking diversity, supports cooperative banks’ role in financing households, SMEs, the agri-food value chain and local communities, and allows banks to fully deploy their capacity to fund Europe’s green, digital, social and security priorities. In our view, competitiveness and financial stability should go hand in hand. We emphasise that a diversified banking landscape is a source of resilience, inclusion and efficient capital allocation.
Please read the attached documents for further details