ECB outlines drive to simplify supervision and clarify regulatory expectations for banks
The European Central Bank (ECB) has published a speech by Frank Elderson, Member of its Executive Board and Vice-Chair of the Supervisory Board, delivered at the ECB and European University Institute Banking Governance High-Level Seminar ‘Board of the Future’. The speech outlines the ECB’s efforts to simplify the supervisory framework for banks while maintaining resilience and provides clarity on how regulated firms should distinguish between binding regulatory rules, supervisory expectations, and good practices.