Regulation Is Holding Back Europe’s Banks, Santander’s Botín Says

Santander Executive Chair Ana Botín discusses the bank’s record year, but cautions that Europe’s regulatory burden is holding back growth. Botín explains how Santander’s global expansion gives it an edge, even as European banks struggle with slower reform and higher taxes. She is a longtime proponent of capital markets integration in Europe, but even she isn’t confident that it will happen any time soon.