EU set to remove barriers to banks' cross-border capital flows, FT reports

The European Union is preparing to remove barriers that prevent banks from moving funds across the bloc, according to a draft European Commission report cited by the Financial Times. The policy would likely improve liquidity management and cross-border capital mobility for European banks. The news is constructive for the sector and could have a moderate market impact because it points to meaningful regulatory easing.

Analysis

The European Union is preparing to remove barriers that prevent banks from moving funds across the bloc, according to a draft European Commission report cited by the Financial Times. The policy would likely improve liquidity management and cross-border capital mobility for European banks. The news is constructive for the sector and could have a moderate market impact because it points to meaningful regulatory easing.