Central Banks
ECB Outlines Plans to Reduce Oversight Burden on Banks Next Year
The ECB’s efforts to overhaul its oversight arm date back to 2022.
Photographer: Alex Kraus/BloombergThe European Central Bank will enact a raft of changes next year to make its supervision of lenders more effective and reduce costs for the industry.
The ECB said it will speed up approval processes for straight-forward decisions on how banks use excess capital, including for some share buybacks in the first quarter.