Ana Botin, CEO of Santander, attends a press conference to launch Openbank Mexico in Mexico City, Mexico February 18, 2025 REUTERS
MADRID, Nov 4 (Reuters) – The executive chair of Spain’s Santander (SAN.MC), Ana Botin, warned on Tuesday against overregulation in Europe as one of the risks that potentially hurts economic growth in the continent.
“Regulation kills innovation … We need to understand that unless we intervene, unless there are companies to innovate, we’re not going to grow,” Botin told the International Banking Conference in Madrid.
Governments in Europe are debating whether to follow the Trump administration’s efforts to roll back rules put in place after the 2008 global financial crisis, with some arguing that the regulatory burden is actually holding back investment, spending and ultimately economic growth.
Reporting by Jesús Aguado; additional reporting by Emma Pinedo; Editing by David Laton
