Nevertheless, a first assessment of the report leads us to reiterate our doubts about the need for further regulatory reforms for the banking industry. The ESBG is of the opinion that there is an excess of financial regulation taking place that might result in an excessive and inflexible regulation, and in many cases will lead to overlaps between the different regulations, as well as unintentional consequences. The Liikanen Group’s proposals aim to tackle some of the problems that have been addressed by different regulation proposals such as CRD IV, the Crisis Management proposal, Governance and the DGS Review. Given.
