Frank Elderson on European Banking Regulation Costs and Competitiveness
Current overview (not historical)
Frank Elderson argues that while European banks frequently complain about high regulatory costs, these expenses are negligible compared to the massive losses incurred during the 2008 financial crisis. He stresses that simplifying regulation does not equate to deregulation; instead, the focus should be on completing the Single Market, the Savings and Investment Union, and the Banking Union. A key element he highlights is the European Deposit Insurance Scheme, which he believes will break regional fragmentation, enhance cross‑border competitiveness, and promote risk sharing among banks.
Written with AI from the reporting · updated 10/20/2026
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- 1Unclassified fact stationOct 20, 00:00recorded Oct 20, 15:25single sourcerevised
Frank Elderson访谈：欧洲银行监管成本与竞争力
Read original source ↗ European Central Bank NewsReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Frank Elderson
- Action：
- 接受专访
- Object：
- 讨论监管成本、银行竞争力及人工智能风险
- Occurred (fact side)：
- Oct 20, 00:00
- Published (valid side)：
- Oct 20, 15:00
- First seen (known side)：
- Oct 20, 15:25
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- European Central Bank NewsFirst-party sourceRelated fact: single sourceSource report revisedECB's Elderson says fragmentation biggest obstacle to European bank competitiveness, calls for deeper integration
Report first recorded Oct 20, 15:25
ECB Executive Board member Frank Elderson states that regulatory costs, while complained about by banks, are far outweighed by the costs of the 2008 financial crisis. He argues that European banks have become more resilient through post-crisis reforms but face growing complexity from geopolitical, cyber, climate and AI risks. Elderson identifies fragmentation as the primary obstacle to competitiveness, noting Europe still lacks a truly integrated banking market. He advocates for completing the Single Market, savings and investments union, and banking union, including a European deposit insurance scheme, as the remedy to deregulation.
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