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Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the 24th Annual International Conference on Policy Challenges for the Financial Sector
Washington DC, 12 June 2025
It’s a pleasure to be here with you today. The theme of this conference – harnessing regulatory standards to empower supervision – is not only timely, but also central to how we think about the future of prudential oversight. Across jurisdictions, supervisors are rethinking how best to align regulation and supervision: making them more targeted, more agile in addressing today’s risk landscape and more efficient, all while remaining effective and credible.
At the same time, a broader debate is emerging – about whether supervisory authorities have taken on too much, whether the expectations placed on banks have grown too great, and whether more restraint might now be warranted. This debate touches on core questions about the scope, the…