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“A new ecosystem for growth is emerging in Europe and banks are set to play a pivotal role in this new financial environment,” says Wim Mijs, Chief Executive of the EBF. “A strong and stable banking sector can support the creation of more efficient and more dynamic capital markets. Strong and stable banks are a key partner when it comes to getting Capital Markets Union to deliver on its objective of financing growth in Europe.”
In the EBF response to the Green Paper European banks urge the EU to stay focused on removing obstacles to economic growth and underline the need to ensure that market liquidity is maintained while seeing to it that a level playing field is maintained to allow fair competition.
For all parties active in financing European companies – banks as well as investors and markets - it is important to see certainty about financial regulation.
“The banking system can be a strong, efficient and profitable pillar of the European economy. That requires certainty on the limits of regulation, but also healthy competition that is not based on asymmetries or on unfair regulatory advantages,” said Mr. Mijs.