Banking regulators, supervisors and their watchers
What changed vs prior statement
- 01No material change in policy stance vs prior statement.
- 02Emphasis on "regulators" and "supervisors" added in current statement.
- 03Language shift towards "watching" regulatory actions in the current context.
From the original
Keynote speech by Prof Claudia Buch, Chair of the Supervisory Board of the European Central Bank, at the Watching European Financial Market Regulation and Supervision Conference, organised by Goethe University Frankfurt, Frankfurt am Main, 15 September 2026.
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4 itemsClaudia Buch: "The prudential regulation of banks" - practical implications for European supervision
The desk posits that the ongoing prudential regulation reforms in Europe, as highlighted by Claudia Buch, will likely tighten financial conditions for banks, impacting their FX market operations. Per the full note [source], Buch emphasizes the need for robust supervision to mitigate systemic risks, which could lead to increased volatility in currency markets as banks adjust their strategies. Current positioning suggests traders should prepare for potential shifts in liquidity and risk appetite. The consensus target for EUR/USD remains at 1.075, with a range reflecting divergent views among major firms.