Governing Council High-Level Task Force (HLTF) on Simplification

• ECB’s Governing Council has endorsed the HLTF recommendations for regulatory, supervisory and reporting framework.
• Report informs 2026 Commission Report on the banking sector in the Single Market.
• The recommendations abide by the following principles:
  • Resilience should be maintained, simplification is not deregulation
  • Effectiveness in meeting prudential objectives needs to be maintained
  • European harmonisation and financial integration should be fostered
  • International cooperation should be upheld

Click here for full details.