The executive president of Santander, Ana Botín, sent a letter to the main European Union authorities together with ten other executives from the largest banks in Europe, requesting urgent measures to simplify banking regulation at the community level.
Among the signatory banks are institutions such as the French Crédit Agricole, Société Générale, and BNP Paribas, the British HSBC, Barclays, and Standard Chartered, and the Swiss UBS, in addition to Santander itself.
The bankers are demanding two laws by 2027 that would allow for simplifying regulation and favoring integration operations between financial institutions in the European space.
The initiative comes in a context of demands for regulatory simplification by the European banking sector, which argues that current regulatory complexity hinders competitiveness and mergers among banks in the European bloc.
