ECB’s Nouy says policymakers must reform banking governance
Only half of supervisors carry out ex-ante ‘fit and proper’ assessments, Nouy says
Eurozone policymakers need to improve the regulations governing the managers of banks “as soon as possible”, the senior supervisor of the European Central Bank said.
Three main areas of the capital requirements directive need reform, Danièle Nouy told a seminar to mark the retirement of Jan Sijbrand, the Netherlands Bank’s head of supervision.
“All fit and proper assessments should be carried out ex-ante, that is before the candidate is appointed and takes up the new function,” Nouy said on
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