EU Banks Push for UK-Style Growth Rules Amid Competitiveness Fears

- EU banks demand growth-focused regulations as competitiveness falters. - The proposal calls for legislative changes that address the EU's financial stability priorities. Leading banks and insurance companies across Europe are urging regulators to adopt a growth-focused mandate, similar to the framework used in the United Kingdom. On January 16, 2026, Cryptopolitan reported that this initiative is led by a prominent industry group, the European Financial Services Round Table (EFR), which aims to prioritize economic growth alongside financial stability. This push stems from growing dissatisfaction within the financial sector over the EU's slow pace of regulatory reform. Industry leaders warn that the region’s current emphasis on financial stability weakens the global competitiveness of its financial services sector. The proposal requires legislative adjustments at the EU level. These changes could influence the mandates of major EU institutions, including the European Central Bank. The EFR's initiative is reportedly gaining support among European finance ministers, indicating progress in addressing these concerns. The European Financial Services Round Table states that balancing financial stability with economic growth is critical for sustaining the EU's competitive edge in global markets. As EU lawmakers deliberate the framework, these ongoing discussions will shape the future of financial regulation in the region.