Commerzbank’s Orlopp Urges EU to Keep Up With US on Deregulation

Commerzbank AG Chief Executive Officer Bettina Orlopp said current European proposals for reducing the regulatory burden on banks don’t go far enough, adding urgency to the debate about the bloc’s declining competitiveness one day before its leaders will meet to discuss the topic.

“We are clearly a strong supporter, not only to think about simplification, but also deregulation,” Orlopp said Wednesday on Bloomberg TV. “We also clearly advocate to rethink that” given efforts in the US and the UK to roll back rules and capital levels.