First the good news: the European banking sector is much improved since 2012, with greater stability and resiliency. Most already exceed minimum capital thresholds set by regulators. The challenge, however, is to ensure consistent and equal rulemaking among regulators and the institutions they oversee throughout 28 member states.
That was the prognosis offered by Danièle Nouy, chair of the supervisory board of the European Central Bank during a Feb. 16 address to European Parliament.
