ECB chief: cross-border bank mergers could boost stability
European Central Bank headquarters in Frankfurt, Germany
Cross-border banking mergers within the euro area would not necessarily create "too-big-to-fail" giants and could contribute to financial stability, ECB governing council member Francois Villeroy de Galhau has said.
Regulators typically fear that consolidation will harm customers by shrinking competition, but some central bankers think it would make it easier to transmit monetary policy more evenly across the euro area.
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