EBA chair wants flexible approach to macro-prudential regulation
European Banking Authority chair Andrea Enria, on April 11, said there are strong arguments for "some flexibility in the use of macro-prudential instruments" within the EU banking sector.
Speaking at the Hyman P Minsky Conference in New York, Enria outlined his reasons for this view, saying: "Systemic risk may materialise in different ways, and no predetermined rules could address it, since credit and economic cycles are not fully synchronised across EU countries and financial markets are still
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