The European Central Bank (ECB) announced, on Wednesday 29 July, its intention to change the organisational structure of its supervisory arm, decided in 2013, “to ensure continued effective and efficient supervision of banks in the euro area and beyond”.
After six years of experience in this area, the ECB wants to refine its banking supervision to make it more risk-sensitive. “The new structure will strengthen the ECB’s role as a prudent, efficient and transparent supervisor for the...