In 2021 ECB Banking Supervision will primarily focus its supervisory efforts on four priority areas materially affected by the coronavirus (COVID-19) pandemic: credit risk management, capital strength, business model sustainability and governance.
We will also carry out further structural activities looking beyond the impact of the pandemic in 2021, particularly in relation to banks’ alignment with the expectations set out in the ECB Guide on climate-related and environmental risks and their preparedness for the final stages of the implementation of Basel III. Depending on how the crisis develops, specific supervisory activities may be adjusted and tailored according to banks’ specific risk profiles.