Reported 8 months ago
European banks are expressing dissatisfaction with the European Central Bank's supervisory approach, particularly in the oversight of leveraged finance, as they feel it is bureaucratic and less pragmatic compared to US authorities. Complaints include the use of outside consultants in reviews and mislabeling loans as defaulting. These frustrations are surfacing again as banks clash with the ECB over climate risk preparedness and delays in capital model approvals.
Source: YAHOO