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National regulators should combat the decade-long de-risking phenomenon by engaging "more actively" with banks that offload entire categories of clients they view as inherently vulnerable to financial crime, the European Banking Authority advised Wednesday. In a 40-page report, the EBA recommended that national anti-money laundering supervisors work to bridge "information gaps" that may form between high-risk customers and risk-averse banks, and "raise mutual awareness" of the former's right to access financial services in the EU and the latter's obligation to comply with the bloc's rules against illicit finance. The EBA also called on the European Commission, the bloc's executive branch,...