The World Savings and Retail Banking Institute published a policy commentary by Nicolas Namias, President of the European Savings and Retail Banking Group (ESBG), presenting an ESBG roadmap that calls for a “reset” of European banking regulation to better support financing for Europe’s environmental, technological, demographic and geopolitical transitions alongside financial stability. The roadmap argues for regulation that is clearer in purpose, proportionate in scope and better aligned with business realities, including rules that reflect the diversity of banking models and the role of savings and retail banks in serving local communities. It calls for streamlining supervisory expectations, removing redundant measures that add legal complexity without producing actionable insights, and addressing overlapping reporting requirements from multiple authorities. ESBG also proposes that each new rule be subject to a “financing the economy” test to assess whether it facilitates or hinders credit to households and small and medium-sized enterprises, and asks for competitiveness to be formally recognised as a supervisory objective.
World Savings and Retail Banking Institute 2025-06-20
World Savings and Retail Banking Institute features ESBG roadmap calling for a reset of EU banking regulation and supervisory simplification
The World Savings and Retail Banking Institute published a policy commentary by Nicolas Namias, President of the European Savings and Retail Banking Group, advocating a "reset" of European banking regulation. The ESBG roadmap emphasizes clearer, proportionate regulations aligned with business realities, streamlined supervisory expectations, and a "financing the economy" test for new rules. It also calls for recognizing competitiveness as a supervisory objective and addressing redundant measures and overlapping reporting requirements.