Leaked EU Proposal Plans Regulatory Relief for Banks

The European Union is preparing to make it easier for banks to move funds between EU member states, the Financial Times reported Thursday (June 18), citing a leaked report from the European Commission that is set to be released in July. This is one of several measures the EU plans to take to improve the competitiveness of the banking sector, whose performance has lagged that of banks in the United States, according to the report. The EU also plans to give banks capital relief on mortgages and lo