In a speech last week, Andrea Enria, Chair of the Supervisory Board of the European Central Bank (ECB), called for an end to the debate between industry and regulators on whether we need higher or lower capital requirements.
"[B]oth the industry and supervisors need to move on from the capital calibration discussion," he said. "Instead, as the turmoil episodes in March this year showed, supervisors need to focus more on the effectiveness of supervisory action. It is in the banks' own interest to engage with us in this debate."
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion