European Central Bank 18 September 2025, Opinion of the European Central Bank of 18 September 2025 on the independence of the Federal Financial Supervisory Authority (CON/2025/29)

ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 18 September 2025 on the independence of the Federal Financial Supervisory Authority (CON/2025/29) Introduction and legal basis On 20 August 2025, the European Central Bank (ECB) received a request from the German Federal Ministry of Finance for an opinion on draft legislative proposals concerning the transposition of amendments to Directive