PROPORTIONALITY AND THE RETAIL FOCUS OF THE COOPERATIVE/MUTUAL BUSINESS MODEL
In a context of increased regulatory complexity, in which assessing the full scale of interactions among regulatory products, supervisory actions and global initiatives to reduce risk and harmonise as much as possible the prudential environment, the appropriate and concrete application of the principle of proportionality needs constant focus.
A regulatory framework that takes the diversity of the European banking landscape sufficiently into account also promotes competition, innovation and productivity. It also supports the provision of a wider range of banking products for customers, helping to preserve the diversity, and thus the stability, of the financial system.[...]