ECB launches consultation on supervisory practices
Central bank says exercise aims to boost transparency on its interaction with banks
The European Central Bank launched a public consultation on updates to its bank supervisory activities today (June 29).
The consultation’s focus is on the “options and discretions” the ECB is allowed to exercise under European law. In 2016, the ECB harmonised 122 of these options and discretions, aiming to improve supervision in the member states that participate in the Single Supervisory Mechanism.
The ECB proposes modifications to its practices to account for legislative changes approved
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