28 April | Euro

ECB launches project group for simplification of banking regulation

ECB launches project group for simplification of banking regulation

European Central Bank (ECB) convened a new project group led by central bank governors of Germany, France, Italy, and Finland. The main aim was to simplify banking regulation amid current concerns about the economy's lack of efficiency, following the imposition of new tariffs from US president Donald Trump's administration.

The launching of a task force followed the controversial letter of the governors to the European Commission earlier this year. This letter directly referred to the need for a “comprehensive assessment” of European banking regulations to ensure a “level playing field” with other major jurisdictions.

The terms of reference and any timeframes for the project team remain unknown. The ECB has previously begun simplifying its operations, including the approval of bank capital models. At the same time, the European Banking Authority has been active in transposing regulations and has said it has made “significant progress” in simplifying standards. The EU has also moved the timeline for reviewing its banking system from 2028 to 2026.

Anton Volkov MarketCheese
Period: 27.05.2025 Expectation: 50000 pips
Buying BTCUSD amid growing institutional adoption with target 110,000
Today at 12:21 PM 6
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 30.05.2025 Expectation: 5000 pips
Tesla shares correct after explosive gains
Today at 08:25 AM 14
Period: 22.05.2025 Expectation: 600 pips
AUDUSD will grow to 0.64900 amid US rating downgrade
Today at 08:20 AM 10
Gold buy
Period: 23.05.2025 Expectation: 6000 pips
US credit downgrade would send gold to 3290
Yesterday at 11:09 AM 117
Period: 26.05.2025 Expectation: 3000 pips
Fundamental factors constrain SPX's growth potential
Yesterday at 08:27 AM 48
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 23.05.2025 Expectation: 700 pips
Silver will drop to 31.7 amid de-escalation of US-China relations
Yesterday at 07:55 AM 28
Go to forecasts