#Breaking: #Europe’s top #banking supervisor says fragmenting #market raises #risks

The increasing fragmentation of Europe’s banking system is a “faultline” that heightens financial vulnerability and saddles everyone with higher costs, the European Central Bank’s outgoing head of supervision Andrea Enria has warned. Enria, who is stepping down at the end of this year after five years as the ECB’s chair of supervision, told the Financial Times his biggest “personal regret” was how the banking market of the 20-country eurozone was becoming “more and more segmented along national lines”.

Read more https://www.ft.com/content/a8d19bfc-9ce3-432b-baa5-f749f3f23ddd