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International Business Times
International Business Times
World

ECB Pushes Back Against Calls For Looser Bank Rules

Trump's return to the White House has fuelled expectations of banking deregulation (Credit: AFP)

The European Central Bank has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US rivals if President Donald Trump implements major deregulation.

Patrick Montagner, one of the ECB's banking regulators, told AFP in an interview that financial watchdogs "must always take a prudent approach to banking".

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