A job half-finished: Europe’s banks are stronger than they were, but not strong enough

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Much has been done to strengthen Europe’s banking system. But not enough

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A job half-finished

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European banks

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THE permanent revolution rumbles on. Ten years after the financial crisis, Europe’s bankers must wonder whether the regulatory upheaval will ever cease (see article). Next month two European Union directives start to bite. MiFID2 will make trading more transparent and oblige banks to charge clients separately for research; PSD2 will expose banks to more competition from technology companies, and each other, in everything from payment services to budgeting advice. A new accounting rule, IFRS 9, also kicks in, demanding timelier provisions for credit …

Link to article: www.economist.com/news/leaders/21731836-marathon-regulatory-reform-has-further-run-europes-banks-are-stronger-they-were?fsrc=rss


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