EU Bank Regulator Plans Rapid Efficiency Push, Ettl Says

The European Banking Authority is planning to boost the efficiency of regulation and give more discretion to watchdogs who oversee lenders.

There’s “reason to re-check” existing rules and find ways to make them “more applicable, better understandable,” EBA Vice Chairperson Helmut Ettl said at a conference in Vienna on Tuesday. He also proposed giving “more discretion” to supervisors instead of regulating “everything in every detail.”

The EBA plans to publish 21 proposals at the end of this month and expects to achieve first results by the end of the year, Ettl said. Most of the proposals could be implemented in ...