ECB and EBA establish new bank supervisory committee

New body aims to harmonise supervisory, resolution and statistical reporting


The European Central Bank (ECB) and the European Banking Authority (EBA) have created a new bank supervisory committee to improve transparency and ease reporting burdens, they announced on March 18.

The new committee aims to standardise requirements on supervisory, resolution and statistical reporting in the European Union’s banking sector.

“I am pleased that we will have a structure in place to simplify and facilitate data reporting by the banking industry in an integrated, efficient and

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