ECB: Statement by Danièle Nouy at ECON

ECB has published the statement made by Danièle Nouy at ECON on 9 November 2017. Topics include: Brexit (“we see a tendency to relocate bank-like activities to investment firms or third country branches which are out of the SSM’s scope, thus leading to a fragmentation of supervision and possibilities for regulatory arbitrage … we rely on you as European legislators to introduce the necessary changes to the prevailing regulatory framework”), non-performing loans; interest rate risk in the banking book sensitivity analysis and the SSM Regulation.