Story thread · 6 reports / 5 sources

EU Banking Market Reform Particularly Relevant for Bulgaria, Think-Tank Says

bta.bg · 12dShare

On July 17, the European Commission presented a plan to develop the EU single market in banking, which is aimed to remove some of the national barriers to cross-border banking. The reform is intended to give lenders greater freedom to distribute resources among their subsidiaries, allow them to offer cross-border services more easily, and ensure that they face fewer national obstacles to cross-border banking while at the same time stronger depositor safeguards and crisis control mechanisms are in place, says Martin Makelov from the Institute for Market Economics (IME) in an analysis published on the IME website. As a result, European banks are expected to be able to use their resources more effectively and businesses will have easier access to funding, Makelov notes. The reform will enable the banking sector to provide better support for necessary investments in strategic sectors such as artificial intelligence, defence, biotechnology and clean energy. For Bulgaria, where the four larg

First report: Top Financial Services IT Services Companies for Banking and Insurance — finextra.com, 15d