ECB supervisory regime needs change – report
Current approach is “too capital-centric” and needs to be streamlined, says panel
The European Central Bank’s supervisory arm needs to streamline its procedures and take a more risk-based approach, a panel of independent experts said.
“The ECB’s supervisory approach appears to be too capital-centric,” said the panel’s report, published today (April 17). It praised the ECB’s work in improving eurozone banks’ capital levels and balance sheets, but said the supervisor should take a wider approach.
Andrea Enria, the ECB’s chief supervisor, thanked the panel for what he called
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