Sharon Donnery: One market, one rulebook: integration is Europe’s best simplification strategy
Why this matters
This is a contribution/speech by Sharon Donnery (ECB Supervisory Board member) published in Eurofi Magazine. It presents strategic thinking on regulatory simplification through banking union integration, including three concrete proposals: (1) converting directives to regulations to eliminate national transposition divergence, (2) treating banking union as single jurisdiction with cross-border capital/liquidity waivers, and (3) harmonizing reporting frameworks. While not a binding rule or consultation, it represents noteworthy regulatory signaling from a senior ECB supervisor about future policy direction affecting capital requirements, licensing frameworks, and reporting obligations for banks. Classified as informational content (speech) so urgency is null, but significance is 3 due to the concrete policy signals and broad applicability to the banking sector.
AI-generated classification rationale, not a full analysis. Verify with the original ECB source before acting. Full disclaimer.
What the ECB said
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Published by ECB . Read the full notice at the source for the authoritative text.
Context
European Central Bank (ECB) — Central bank for the euro area. We track 131 updates from them.
EU-wide financial regulation through ESMA, EBA, and the ECB. Browse all European Union updates.
This update is classified under Prudential / Capital Requirements, Authorisation & Licensing, Reporting & Disclosure and Banking & Credit.