ECB seeks end to capital carve-outs worth €130bn
On Thursday, eurozone bank supervisors will be asked to give up dozens of safe harbours
The eurozone's top banking supervisors will meet on Thursday to discuss eradicating more than 150 waivers and safe harbours that weaken EU prudential rules. Together, the so-called options and national discretions (ONDs) identified by the Single Supervisory Mechanism (SSM) – the eurozone's new big-bank watchdog – represent almost €130 billion of equity capital.
The meeting of the SSM's supervisory board is a chance to "put an end to this mess", said Martin Vazquez Suarez, an adviser at the SSM
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