In a recent blog post, Sharon Donnery, a Member of the Supervisory Board at the European Central Bank (ECB), explains how the ECB is working to make supervision as simple as possible, but not simpler.
She emphasizes that "simplicity and strength can go hand in hand," but warns that weakening the framework would expose banks and the public to renewed risks. At the core of this effort are reforms to the Supervisory Review and Evaluation Process (SREP). The new multi-year approach tailors assessments to each bank's risk profile, integrates insights from on-site inspections and thematic reviews, and reduces duplication.
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