ECB looks to add eight more O&Ds to guide
Guidance proposed on application of further eight options and discretions in banking supervision
The European Central Bank (ECB) is looking to expand its common framework for exercising options and discretions (O&Ds) in banking supervision; identifying a further eight candidates today (May 18).
Many provisions in European regulation afford national supervisors an element of flexibility in deciding how to implement them. In March, the ECB finalised a guide that deals with 115 of these "options and discretions".
The project stems from the ECB's concern that a lack of a consistency could get
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