[The European Central Bank to Eliminate 40 Banking Supervision Documents to Ease Regulatory Burden] According to a report by Jinse Finance, on June 26, the European Central Bank (ECB) will discontinue approximately 40 supervisory guidelines for banks as part of measures to reduce the regulatory burden on the banking sector. ECB Executive Board Member Elderson stated on Friday that the ECB has reviewed more than 130 such documents, 'making them more concise and user-friendly.' He noted that the documents being eliminated are either outdated, replaced by new regulations, or no longer applicable, while other documents have already been revised. Following the financial crisis, European authorities are seeking to reduce the extensive demands placed on banks to improve regulatory efficiency without compromising the hard-won resilience of the financial system. However, the European banking sector believes that these reforms are still insufficient, as the United States is advancing more significant regulatory relaxation by eliminating and reducing certain regulatory requirements.