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Nouy: bank regulation must be consistent, harmonised

Joe Mont | February 17, 2016

First the good news: the European banking sector is much improved since 2012, with greater stability and resiliency. Most already exceed minimum capital thresholds set by regulators. The challenge, however, is to ensure consistent and equal rulemaking among regulators and the institutions they oversee throughout 28 member states.

That was the prognosis offered by Danièle Nouy, chair of the supervisory board of the European Central Bank during a Feb. 16 address to European Parliament.

“In fulfilling our supervisory role, a cornerstone of our approach is to treat all supervised banks with the same characteristics equally, in other words, to be a truly single supervisor,” Nouy said. “In order to fully achieve this objective, the ECB needs two things: homogeneous rules and a homogeneous way of applying them.”

In recent weeks, Nouy has expressed concern that the use...

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