ECB concerned by impact of draft German law on supervision

ECB: will new law hamper its ability to exercise supervisory discretion?

A draft German law could hamper the European Central Bank's (ECB) ability to establish a "consistent, harmonised and effective" approach to banking supervision, the ECB said today (September 8).

It published its opinion on proposed changes to national banking resolution practices in Germany, finding much to agree with, but also raising concerns over its impact on the wider supervisory landscape.

One facet of the draft law, the ECB said, empowers the Federal Ministry of Finance to issue regulatio

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