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Bankers have complained that the new rules, which include higher
capital requirements and tighter checks on lending, are hurting
their business at a time when their profits are also suffering
as a result of the ECB's low interest rates.
Daniele Nouy, who has headed the ECB's supervisory arm since it
started overseeing the euro zone's top banks in 2014, appeared
to addressed some of those complaints on Wednesday.
"It goes without saying that the rules must not be so tight as
to squeeze the life out of banks," she said at an event in
Koblenz, Germany.
"They should rather provide a strong framework that reins in
excessive risk-taking, while allowing the market to function
normally. And this is what has been achieved."
She added low central bank rates, while initially useful to
stimulate the economy, would take their toll on bank profits "at
some point".
Nouy also repeated her wish for mergers between banks in
different euro zone countries.
(Reporting by Andreas Framke; Writing by Francesco Canepa;
Editing by Balazs Koranyi and Alison Williams)
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