Finnish financial lobby urges caution over Banking Union

By Tyler Davies
15 Dec 2020

The Finnish financial sector wants to put the brakes on new measures aimed at completing the Banking Union, arguing that EU member states should move back into a clearly defined process of risk reduction.

Finance Finland said in a statement this week that it had asked the Finnish government to “call a halt to added risk sharing” in EU policy making. 

The lobby group argued that further moves to create a Banking Union would introduce an “additional burden” on Finnish lenders ...

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