Reduced regulatory hurdles could spur more growth in the M&A scene in the EU.

On Monday, CEB’s Francois Villeroy de Galhau, who is also the Governor of the Bank of France, stated, it is of prime importance that regulatory hurdles in the cross-boarder mergers for the banking sector are eliminated in Europe.

“In 2018, we should continue to continue our efforts to encourage consolidation in the European financial sector,” said Villeroy.

He went on to add that it was crucial to complete the banking union.

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Tags: Bank of France, banking union, cross-border, ECB, Europe, European Central Bank, fascilitate, financial sector, Francois Villeroy de Galhau, governor, M&A, mergers, mergers and acquisition, regulations