European Central Bank (ECB) Executive Board member Boris Vujčić stated at the ESRB's 15th anniversary conference that the EU should simplify its banking regulatory, supervisory, and reporting frameworks. He proposed merging existing capital buffers into two and streamlining the leverage ratio framework from four elements to two. Vujčić also called for aligning MREL and TLAC frameworks more closely and introducing a simpler, more proportionate regime for smaller banks. He noted that euro area banks' capital ratios have more than doubled since the global financial crisis, from around 8% in 2009 to over 16% today. The ECB's Governing Council has already put forward high-level recommendations, and its supervisory arm is implementing concrete simplification measures, including discontinuing about 40 guidance documents.