Top European central bankers, including José Luis Escrivá of Spain, Joachim Nagel of Germany, Fabio Panetta of Italy, and François Villeroy de Galhau of France, have urged the European Commission to simplify banking regulations. In a letter, they called for a comprehensive and holistic review of the existing rules, citing concerns that the current regulatory framework places European banks at a competitive disadvantage compared to international counterparts, particularly in the United States, where President Donald Trump has pursued deregulation. The governors emphasized the need for a clear, predictable, and proportionate regulatory environment to enhance financial stability and competitiveness. They also highlighted the potential for overly complex rules to hinder economic growth and proposed examining microprudential, macroprudential, and resolution frameworks, as well as level 2 and 3 standards, to identify areas for simplification. This push comes amid increased lobbying from some EU nations for a regulatory overhaul to address these challenges.