The European Commissioner for Financial Services, María Luis Albuquerque, stated this Monday at the Europa Forum in Brussels that "we should see more bank mergers in the near future" as a result of the single banking market.
She stated this at a meeting organized by the Nueva Economía Forum in the EU capital, where she indicated that "with a single supervisor, a single market, and the same rules applied throughout the banking union," the synergies of these cross-border mergers "should be evident".
"If anything, I am surprised they haven't happened sooner", stated the commissioner, who noted that European rules on mergers "are clear" and, in the case of major banks, it is the European Central Bank that must evaluate, from a prudential perspective, whether the merger "is appropriate or not".