The European Central Bank (ECB) presented its plans for simplification and increasing efficiency for banking supervision today. The High-Level Task Force on Simplification’s recommendations emphasise the intention “to simplify the framework, while maintaining the resilience of the European banking system”. The recommendations include simplifying the risk-weighted and leverage ratio framework and introducing a simpler prudential regime for smaller banks building on existing rules on proportionality.
The ECB Supervisory Board (SSM)’s plans pursue three main objectives: increasing efficiency in operational supervision, ensuring the effectiveness of supervisory measures, and focusing on relevant risks.
These reports can be downloaded from the ECB website:
- ECB Governing Council Press Release: ECB Governing Council proposes simplification of EU banking rules
- ECB Governing Council Recommendations: Simplification of the European prudential regulatory, supervisory and reporting framework
- Report by ECB Banking Supervision: Streamlining supervision, safeguarding resilience