EU: Protect us from another financial crisis, don’t deregulate banks!
To the EU Commission, the EU Parliament and the member states of the EU
Petition
We call on you to protect people over profits, and ensure EU banking regulation is strong enough to withstand another financial crisis like the one in 2008. Avoid following the US’ lead in cutting crucial rules that protect our financial system and keep banks in check - including easing capital requirements and removing caps on bankers’ bonuses.
Why is this important?
The Trump administration is making a “bonfire” of banking rules in the US, and there are signs the EU wants to follow suit. [1]
The EU is about to carry out a major review of banking rules and many fear it will give banks too much freedom. It could reduce the funds banks need to keep to cover unexpected losses, and remove caps on bankers’ bonuses. [2]
If it’s allowed to go ahead, it could lead to another 2008-style crisis. Where profit-hungry banks need to be bailed out by the state and people like you and me have to bear the brunt of the cost.
Right now, the new rules are a draft. This means there’s still time for us to push back, and make sure we are kept safe from another financial crisis. [3]
Sign the petition to tell the EU: Don’t push us into another financial crisis, don’t deregulate banks!
References:
[1] https://www.politico.com/newsletters/morning-money/2026/07/22/deregulation-on-both-sides-of-the-pond-01007339
[2] https://www.politico.eu/article/eu-banks-copy-us-deregulation-playbook/
[3] https://www.bloomberg.com/news/articles/2026-07-17/eu-s-answer-to-trump-s-bank-deregulation-agenda-explainer