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Sharon Donnery (BCE): "Banks in Europe Lack Size and Capacity to Climb"
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European banking will hardly be able to compete with US giants without gaining size. Sharon Donnery, a member of the ECB’s Banking Supervisory Board, made it clear in a statement that marks the direction of the financial sector for the coming years. This is not an academic debate: the loss of competitiveness in front of Wall Street threatens to worsen if decisions are not taken now. Donnery has flatly ruled out that European banking needs less c…
The regulatory battle of the banking sector is on fire in Brussels. The European Central Bank (ECB) is trying to show the need to maintain the standards of supervision adopted by...
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