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more than 130 such documents to streamline them and make them easier to use; the items being removed are either outdated, superseded by new rules, no longer applicable, or have been revised.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 w

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more than 130 such documents to streamline them and make them easier to use; the items being removed are either outdated, superseded by new rules, no longer applicable, or have been revised.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.