The European Central Bank will withdraw about 40 supervisory guidance documents
to reduce banks' regulatory burden, Executive Board member Elderson said on
Friday. The ECB reviewed more than 130 such documents to streamline them and
make them easier to use; the items being removed are either outdated, superseded
by new rules, no longer applicable, or have been revised. Post-crisis, European
authorities are seeking to trim the large requirements placed on banks to
improve supervisory efficiency while preserving financial‑system resilience.
European banks say the changes remain insufficient compared with U.S. steps to
remove or relax some regulatory requirements.
