26/11/2014
in writing - It is of paramount importance for the ECB to impose sanctions on banks not complying with the regulations. However, the sanctions should distinguish between systemic and minor banks. Furthermore this distinction implies that, if the sanctions imposed on too-big-to-fail banks are not significant proportionally to their size, the proclaimed sanctions will not deter them from complying with the regulation. This window of opportunity for banks inclined to violate the regulations should close.
