European Banks Push for Lower Cross-Border Barriers

Lenders say the fragmented regulatory system is trapping capital and putting them at a disadvantage to US rivals.

European banks are intensifying their push for lower cross-border hurdles, arguing that the continent's fragmented regulatory approach is trapping capital and liquidity.

A new report from the European Banking Federation calls for a more unified market, claiming the current system puts European lenders at a significant disadvantage to their U.S. rivals.

The group is urging policymakers to streamline regulations to enable a more integrated and competitive banking sector.