The management consultancy Oliver Wyman has published the very informative study “The EU Banking Regulatory Framework and its impact on banks and economy” on behalf of the European Banking Federation (EBF). With this independent study, the EBF wants to contribute to the discussion on regulatory hurdles in Europe. The study focuses on the regulatory costs for EU banks compared to the US. In the following, we summarise the core findings of the study in general and with regard to the importance of securitisation in Europe.<\/p>\n
The clear results of the study lead Oliver Wyman to formulate a clear call for action. The call for action states that European policymakers must intensify their efforts to complete the Banking and Capital Markets Union. Supervisors should aim to make key processes more efficient and be more vigilant for breaches of the level playing field in EU countries. With regard to the full implementation of Basel III, it points to the risk of EU banks being disadvantaged in the global market.<\/p>\n
On the other hand, the consultancy recommends that EU banks focus on improving operational efficiency and digitalisation. It further predicts that the long-awaited consolidation process in the Eurozone will occur and could lead to a better distribution of resources across EU borders.<\/p>\n
Against the background of the study’s findings, we are eager to see the EU’s further steps regarding the Banking and Capital Markets Union.<\/p>\n