More than half of European Union citizens believe banks should be regulated on the EU level rather than on a national level, according to a recent poll released by European Parliament.
The Eurobarometer poll, published Oct. 18, showed that 54 percent of those polled believed banking supervision would be more effective at the EU level rather than at the national level. Additionally, 57 percent said EU-level regulators would be better suited than national counterparts to support banks in difficulty. Respondents were more closely split on the issue of guaranteeing citizens’ deposits. Forty-seven said the EU level would be more effective at guaranteeing deposits while 45 percent said national regulators would be more effective.
