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A major overhaul of Europe's banking rules is under way, a revision that could boost the continent's banking sector.
Wall Street's sustained profit boom has driven the push for change, according to reports, raising questions about whether current European regulations put domestic lenders at a competitive disadvantage.
The regulatory drive The changes go beyond marginal adjustments. Europe is rewriting its banking rulebook in a fundamental way, according to reports.
Wall Street has recorded a profit boom, and that performance has sharpened the argument for regulatory reform among European policymakers.
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