Market / European Macroeconomics & Governance / banking regulation / euro area / Germany

Banking regulation in the Euro Area: Germany is different

Posted On: May 7, 2020   |   Posted By: Bruegel

Banking regulation in the Euro Area: Germany is different

Two reports published in early 2020 shed new light on this challenge. The European Central Bank's risk report on less-significant institutions is the first of what is intended to be an annual series. The impact assessment study on the most important differences between accounting standards used by banks in the banking union was prepared by legal consultants for the European Commission's Directorate-General for Financial Stability, Financial Services and Capital Markets Union. The reports provide comparative quantitative information that was not previously available in the public domain.
The new data highlights differences in rules and oversight in different countries that matter in the context of efforts to achieve an EU single market and banking union. From a single-market perspective, the fact that many German banks are subject to a different supervisory, state-aid and accounting framework raises the possibility of competitive distortions, even though a subset of these banks only have local...

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