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EU Targets Financial Rule Violations to Boost Innovation

10/6/2025

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Summary

Story summary

EU Commissioner Maria Luís Albuquerque warns that some countries use financial rules to shield incumbents, triggering tougher enforcement.
She says such practices hobble innovation and competitiveness; Albuquerque is reviewing the EU banking rulebook for national interests.
The EU may start formal procedures for breaches, beginning with a letter and possibly the Court of Justice.

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Story summary

EU Commissioner Maria Luís Albuquerque warns that some countries use financial rules to shield incumbents, triggering tougher enforcement.
She says such practices hobble innovation and competitiveness; Albuquerque is reviewing the EU banking rulebook for national interests.
The EU may start formal procedures for breaches, beginning with a letter and possibly the Court of Justice.