ECB gives mixed reception to new macro-pru measures

The European Central Bank

The European Central Bank has welcomed a draft law that would grant new macro-prudential measures to Austrian regulators, but raised doubts about proposals to extend the Belgian central bank’s powers.

The ECB issued formal opinions on the draft Austrian and Belgian laws in line with its statutory mandate to comment on all legislation affecting the mandates or operations of central banks within the European Union.

Under the draft Austrian law, the country’s financial markets authority (FMA) wou