The European Commissioner for Financial Services, Maria Luís Albuquerque, announced that the European Commission will present in the first quarter of 2027 a legislative package to simplify banking regulation in the EU, reduce fragmentation of the single market and adapt international standards to European specifics. The announcement follows the Report on Banking Sector Competitiveness, which identifies three major obstacles: fragmentation of the single market and the need to complete the Banking Union, better adaptation of international standards to the European economy, and excessive complexity of the prudential framework requiring greater proportionality for smaller banks. Albuquerque called for greater political ambition to solve structural problems, emphasizing that the resilience of European banks is not enough without competitiveness. The commissioner also revealed that the EU intends to achieve political agreements by the end of the year on the Market Integration and Supervision Package, complementary pensions and securitization, within the Savings and Investment Union.
Jornal Económico10/09/26, 12:16
