EU set to remove barriers to banks' cross-border capital flows, FT reports
The European Union is set to remove barriers on banks to move funds between countries, aiming to boost EU lenders' performance compared to US rivals.
- Country:
- European Union
The European Union is set to remove barriers on banks to move funds between countries in the bloc, the Financial Times reported on Thursday, citing a draft report seen by it.
The draft report by the European Commission aims to boost performance of EU lenders compared to their U.S. rivals, the newspaper added.
Reuters could not immediately verify the report.
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