ECB announces organisational changes to strengthen banking supervision

The European Central Bank (ECB) announced today changes to the organisational structure of its supervisory arm to ensure continued effective and efficient supervision of banks in the euro area and beyond.

• ECB aims to strengthen cooperation between bank-specific and thematic supervisory teams
• New structure reinforces supervisory strategy and risk function, ensuring consistency of supervisory outcomes
• Reorganisation to foster transparency and predictability of supervisory actions

The entire press release can be found here.