ECB looks to add eight more O&Ds to guide

daniele-nouy-2
Daniele Nouy, chair, supervisory board, ECB

The European Central Bank (ECB) is looking to expand its common framework for exercising options and discretions (O&Ds) in banking supervision; identifying a further eight candidates today (May 18).

Many provisions in European regulation afford national supervisors an element of flexibility in deciding how to implement them. In March, the ECB finalised a guide that deals with 115 of these "options and discretions".

The project stems from the ECB's concern that a lack of a consistency could get

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