Observations
Nov 08, 2024In a recent speech, Elizabeth McCaul, a Member of the Supervisory Board of the European Central Bank (ECB), discussed the shifting priorities in EU banking regulation, reflecting on the post-crisis regulatory climate.
by Andrea Enria
Compendium
Jun 11, 2024The spring 2023 banking turmoil confirmed the necessity of strong internal governance and risk culture within firms, beyond post-crisis regulatory reforms. Regulatory measures like increased capital and liquidity requirements set important safeguards but are insufficient without effective internal checks and balances. The focus should shift to ensuring sound risk culture and governance to prevent future crises and systemic risks.
