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EU Eyes Plan to Free Up Cross-Border Bank Funding
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EU Eyes Plan to Free Up Cross-Border Bank Funding
Why Is Brussels Targeting Cross-Border Bank Funding? The European Union is preparing proposals to remove barriers that prevent banks from moving funds more freely across the bloc, in a push to strengthen the competitiveness of European lenders against larger U.S. rivals. The proposals, outlined in a draft European Commission report on banking competitiveness, focus on one of the long-running weaknesses in Europe’s financial system: banks operate…
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