This might be linked to the need to preserve proper credit granting standards but might also create conflict in relation to the ECB’s objective as prudential supervisor. To conclude, I do not see the proposed conferral of tasks as being either a viable allocation of labour or legally tenable. Extraordinary supervisory action is warranted in times of crisis.
But the ECB cannot take on tasks that go beyond its prudential supervision mandate. 2/2  BIS central bankers' speeches