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Market turmoil always triggers political debates on regulatory reforms, but we should rather focus on the effectiveness of supervision, says Supervisory Board Chair Andrea Enria. Effective supervision is the best reassurance for depositors.
Enria: Our internal model investigations aim to ensure models are reliable and their outcomes are comparable. Our goal is to ensure consistent application of supervisory practices across Europe – not to increase capital requirements by the back door.
🐦🔗: https://n.respublicae.eu/ecb/status/1640636685233864704