ECB’s Elderson welcomes debate on simplification
Vice-chair of supervisory board points to expanding proportionality and cutting capital stacks
Policy-makers in Europe should continue their efforts to reduce regulatory complexities, the vice-chair of the European Central Bank’s supervisory board has said.
Speaking today (November 14) at the ECB’s forum on banking supervision, Frank Elderson discussed the simplification drive from regulators in the European Union, who have been criticised for imposing tight rules that have hampered growth.
“We welcome the debate on simplification,” said Elderson, who is also a member of the ECB’s executive
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