Angeloni cautions over Commission’s SREP proposal

Ignazio Angeloni, copyright ECB
Ignazio Angeloni, ECB

A senior official at the European Central Bank’s supervisory arm has welcomed many European Commission proposals for reforms of a significant piece of European financial legislation, but raised concerns on possible changes to supervision.

The ECB was “developing an intense dialogue with the Commission” to make sure its views on banking supervision were properly taken into account, Ignazio Angeloni told an audience in Rome on March 17. The Commission had put forward proposals as part of a major