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Introductory statement by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
Brussels, 28 January 2026
Since I last addressed this Committee in 2021, Europe’s banks have been repeatedly and profoundly tested. But the banking sector has remained strong in the face of these challenges, absorbing rather than amplifying the shocks and continuing to provide services to people and firms. Forward‑looking, risk‑based and proportionate European supervision, alongside effective coordination with the central banking functions of the ECB, has underpinned this resilience. In my remarks today, I will briefly reflect on the lessons learned and set out how we intend to simplify and streamline supervision, making it even more efficient, effective and risk-based, while maintaining the banking sector’s resilience.