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EU financial services: Commission banking competitiveness call for evidence; EBA Opinion on PSD2–MiCA electronic money tokens transition expiry; ECB/ESRB on bank–NBFI linkages (12 February 2026)

Published on: 12 February 2026

Published by a LexisNexis EU Law expert
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EU financial services developments

Commission seeks views on EU banking competitiveness

The European Commission has opened a call for evidence to review overall competitiveness within the EU banking sector, examining structural hurdles to cross‑border operations and the degree of financial market integration more broadly. The exercise will assess whether the existing prudential, supervisory and crisis management frameworks remain fit for purpose in light of shifting market dynamics, ongoing digitalisation and worldwide competitive pressures. Submissions are requested by 11 March 2026. Under the Savings and Investments Union (SIU), the Commission intends in 2026 to release a communication on the Single Market in banking, featuring an appraisal of the sector’s competitiveness and related issues. The Commission notes that ten years of reforms have greatly reinforced financial stability, yet the EU banking landscape is still segmented along national borders, characterised by a highly complex regulatory framework and notably varying national implementation of certain rules and market structures...

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