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ECB urged to follow Fed’s lead on ‘material risks’

Senior banker at JP Morgan’s EU subsidiary backs US-style approach to streamlining supervision

ECB + bridge
ECB headquarters

The European Central Bank should follow the lead of the US Federal Reserve and focus its supervision on “material risks” faced by individual lenders, according to a senior banker at JP Morgan.   

“Prioritising supervisory activity based on material risk on a firm level would be very key for us,” said Jessica Kaffren, head of operations, outsourcing and technology, and a member of the management

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