Claudia Buch: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
Introductory statement by Prof Claudia Buch, Chair of the Supervisory Board of the European Central Bank, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Brussels, 2 July 2026.
European Central Bank Chair Prof Claudia Buch addressed the Committee on Economic and Monetary Affairs of the European Parliament in Brussels on July 2, 2026. She highlighted the challenges faced by banks in the Euro area, emphasizing the need for regulatory reforms to simplify the complex institutional framework. Buch stressed that while reducing regulatory frictions could boost growth, safeguarding bank resilience is equally crucial for sustainable development.
The European Parliament's recent perspectives on banking union and the European Commission's upcoming report on the EU banking sector present an opportunity to develop a reform agenda, according to Buch. Both the ECB and the Eurosystem have been actively involved in these discussions, advocating for further integration of the Single Market and the completion of banking union, all while maintaining stringent supervisory and regulatory standards.
She pointed out two recent factors that highlight the significance of these efforts: the emergence of geopolitical risks and the challenges presented by frontier AI models.
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