Although not a post-crisis regulation, the Board’s complex and occasionally opaque framework for making determinations of control under the Bank Holding Company Act (BHC Act) is another area that is ripe for re-examination through the lenses of efficiency, transparency, and simplicity.
In simplified terms, by ending net purchases, the Eurosystem is refraining from keeping the monetary policy to the floor, but it is not taking its foot off the accelerator either for the time being.