December 4, 2013 –Today leaders of co-operative banks met with Andrea Enria, Chairman of the European Banking Authority (EBA) at the occasion of the Executive Committee of the EACB (European Association of Co-operative Banks) in Brussels. During this high level meeting several issues were discussed, including the CRD4/CRR package, the banking union, and the single resolution mechanisms.
Christian Talgorn, EACB President, reminded the contributions of the local co-operative banks in terms of resilience and stability in the Eurozone. He highlighted that “the final definition of the Liquidity Coverage Ratio could, if inappropriate, significantly limit their ability to finance the real economy.”
“It is also through a permanent and deep dialogue that we can aim at making regulation fit with the specificities of the European economy, simpler, more understandable and cost effective in terms of compliance. This will help to ensure the capacity of financing the real economy” stated Hervé Guider, EACB General Manager.
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