Supervision must be forward-looking, says ECB’s Donnery
Resilience prepares banking system for complex risk landscape, top supervisor tells London Meetings
Banking supervision must be conducted in a forward-looking manner to capture an increasingly complex risk landscape, a member of the European Central Bank’s supervisory board has said.
Delivering the keynote speech on the second day of the Central Banking London Meetings today (June 11), Sharon Donnery rejected the idea that supervision should be watered down to promote growth. She likened the role of banks in the economy to the critical infrastructure on which societies depend.
“An electricity
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