EU Prepares Banking Law to Cut Credit Costs as Fragmentation Keeps Market Split
Updated
Updated · The Banker · Jun 23
EU Prepares Banking Law to Cut Credit Costs as Fragmentation Keeps Market Split
3 articles · Updated · The Banker · Jun 23
Summary
A draft European Commission report shows the EU is preparing legislation to reduce banking fragmentation and bolster lenders’ capacity to fund the bloc’s strategic priorities.
The report says the banking market remains fragmented and overly complex in some areas, leaving households and businesses paying more for credit than they should.
By targeting those structural barriers, the planned law aims to make financing more efficient across the bloc and improve banks’ ability to support EU policy goals.