ECB Vice-Chair Frank Elderson links effective supervision to timely remediation

Frank Elderson, Vice-Chair of the Supervisory Board of the ECB, stated at the 17th FMA Supervisory Conference in Vienna on October 6, 2026, that effective supervision and timely remediation of supervisory findings reinforce regulatory simplification. He noted that focusing on material risks allows for more targeted discussions, while low-severity findings require only confirmation of sufficient action, though high-severity findings needing years of progress do not contribute to resilience or simplification.