Banks, more powers to Eba and ECB. Close in Fintech supervision

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The proposal for a directive presented by the European Commission to implement the rules on capital requirements for Basel3 + banks goes far beyond the intentions of international regulators. And it becomes an opportunity to increase the powers of supervisors (ECB, EBA and central banks) in terms of verifying (and also sanctioning) the requirements of bank managers and board members and their ability to manage credit institutions.

Fintech and foreign branches

And again: as a response to the WireCard scandal …