The European Central Bank (ECB) will streamline approvals for bank takeovers and annual valuations, but will not implement radical regulatory changes
Ana-Maria Tapescu
Economy
Foto: shutterstock.com
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Claudia Buch, chair of the ECB's supervisory board, announced that the European Central Bank will cut red tape in the approval process for share and bond purchases, but will not significantly deregulate the banking sector. It will also simplify annual evaluations of banks, with improvements expected over the next three years. Buch emphasized that no abrupt changes will be made, and global Basel III regulations will be delayed until 2027.
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