European bank chiefs are eager for M&A as the US deal is expected to begin.

European bank leaders are hoping for more deals on the continent as US mergers and acquisitions are expected to rise under the new Trump administration.

Steven van Rijswijk, CEO INGThe largest bank in the Netherlands has stated that there are more banks in Europe, which will increase the efficiency of the financial system of the European Union.

“I think there are too many banks in Europe for an efficient capital system,” he told CNBC at the World Economic Forum in Davos, Switzerland.

It is assumed that his comments are presented. UniCreditThe sixth largest bank in Europe by market capitalization will be allowed to merge with Commerzbank, Germany’s second largest bank.

The Italian lender has a proxy stake in the German bank and is currently awaiting approval from the European Central Bank to increase its stake. If approved, it would be one of the biggest cross-border deals seen in European banks in years, but has been caught in political headwinds.

CEOs killed supervisors They think it’s over-regulation at a time of intensified international competition in the EU. Many fear that the United States will lower barriers and pave the way for its companies globally, while the European Union imposes more regulations.

The CEO of ING Bank also said that fragmented regulations across Europe are hindering more efficient banking, unlike in the United States.

“We also see that there are different laws on different entities in Europe,” van Rijswijk said. “Talking about anti-money laundering, GDPR or cyber, there are differences in Europe that hinder the efficient way banks do business with our customers.”

“I believe that consolidation, as well as decentralization, will happen mostly in individual markets,” he added.

However, the CEO of the Swiss bank, Sergio Ermotti UBSWhile U.S. officials are unlikely to crack down on rules for big banks, which operates a large wealth management unit in the United States, the policy stance taken by regulators under the new Trump administration is expected to create a stir among many small and medium-sized banks. Regional banks.

Ermotti told CNBC in Davos, “What’s allowed is probably consolidation in the U.S. among the first-tier, second-tier banks. To rationalize that aspect a little bit. And that, too, creates opportunities.

“I don’t think we’re going to see a lot of deregulation,” added Ermotti, who is leading UBS in a forced takeover of rival Credit Suisse. But instead, he said he would maintain the “reasonableness” of the current regulation.

Jose Vinales, of Standard CharteredHe said he hoped it would be controlled “thoughtfully” and not in Europe. A Drinking rules for the sake of it.

Vinales told CNBC: “I think some kind of discretionary regulation would be good as well, for other parts of the world, for example. I’m thinking about the European Union.” Stanchart Although it is a London-listed bank, most of its profits come from Asia.

“This is a positive thing for development. But we know that those policies are difficult to implement, but not impossible,” he added.

Similarly, Adena Friedman, CEO NasdaqAs long as smaller regulators don’t hand over their powers to a pan-European regulatory agency, Europe will see the benefits of a capital markets union – a unified capital framework like the US’s. He said there is no chance.

“There are layers and layers of regulation” in Europe, Friedman told CNBC’s live audience in Davos.

Europe must decide “what society and community elements should be controlled by a national regulator and what should be controlled by a regional regulator,” said the head of Nasdaq. In addition to New York, the company operates stock exchanges in Sweden, Denmark, Finland and Iceland.

“You have national regulation and regional regulation. That has to change,” she said. “It’s very solvable, it’s just a matter of will.”