Supervision must be evidence-based, says ECB’s Buch
Hasty changes could risk loosening oversight and harm financial resilience, supervisory chief warns
Policy decisions about banking supervision must be based on sound evidence rather than anecdotes, the chair of the European Central Bank’s supervisory board has said.
In a keynote speech at the ECB conference on banking supervision in Frankfurt on December 9, Claudia Buch argued that supervisors needed to contain “forces pushing for deregulation and a loosening of standards” by being evidence-based.
“Evidence-based supervision is a safeguard against complacency,” she said. “Periods of calm can
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