EBRD, Manfred Schepers, what EU really needs most are better-capitalized banks and much less distorting regulators.

Sir Manfred Schepers writes: “European growth is being held back by the inability of small and medium-sized businesses to benefit from the efficiencies of the single market and currency. Growth and employment will come from mid-cap companies that can innovate and compete to become Europe’s new multinationals” “EU needs more equity finance and less debt to move forward” March 12.

Absolutely! But why on earth keeps a senior advisor, and a former CFO at the European Bank for Reconstruction and Development, from understanding what current credit risk weighted equity requirements for banks does to negate the fair access of “risky” small and medium-sized businesses to bank credit.

What EU really needs first are better-capitalized banks and much less intrusive and distorting regulators.

@PerKurowski