Speech by Pedro Machado, Member of the Supervisory Board of the ECB, at the conference organised by the Spanish Banking Association (AEB) and the Spanish Savings and Retail Banking Association (CECA)

Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the ECB industry dialogue on “Climate and nature risk management: taking stock and looking ahead”

Keynote speech by Pedro Machado, Member of the Supervisory Board of the ECB, at the European Financial Institutions Conference

Contribution by Claudia Buch, Chair of the Supervisory Board of the ECB, at the Tenth ECB Annual Research Conference organised jointly with Stanford University’s Hoover Institution on “The Next Financial Crisis?”

Keynote speech by Claudia Buch, Chair of the Supervisory Board of the ECB, BIS Innovation Summit

Contribution by Patrick Montagner, Member of the Supervisory Board of the ECB, for Eurofi Magazine

Interview with Pedro Machado, Member of the Supervisory Board of the ECB, Supervision Newsletter

Interview with Anneli Tuominen, Member of the Supervisory Board of the ECB, conducted by Diogo Cavaleiro on 10 July 2025

Contribution by Patrick Montagner, Member of the Supervisory Board of the ECB, for Revue Banque

Interview with Claudia Buch, Chair of the Supervisory Board of the ECB, conducted by Eric Albert, Marc Angrand, Marie Charrel and Béatrice Madeline on 4 June 2025

The macroprudential framework developed in the aftermath of the global financial crisis has lived up to the promise of making the financial system more resilient. However, recent experience also suggests that there is room for improvement in its design and operation.

Most banks have made good progress in reducing their non-performing loans. However, some smaller banks are still burdened by significant amounts of these loans. To tackle this issue, the ECB and the national supervisors have developed a draft Guideline for public consultation.

We are taking concrete steps to streamline and simplify European banking supervision, while safeguarding the resilience we have worked so hard to build.

The results of this year’s stress test of euro area banks, published in August, offer insights into how banks would fare under difficult economic conditions. They show that the European banking sector would remain resilient when faced with a hypothetical adverse macroeconomic scenario. Stress tests are a key tool for assessing banks’ ability to withstand economic shocks. In today’s environment of high uncertainty, banks and supervisors must also use additional tools to scan the horizon and respond to emerging risks.

European banks have made forward strides in managing climate and nature-related risks. But more still needs to be done as we often see that practices are only applied to a subset of relevant exposures, geographic areas and risk categories. To help banks improve further, later this year the ECB will publish an updated set of good practices observed in banks across Europe. European banks are well positioned to meet the prudential transition plan requirements, which the ECB will approach in a gradual and tailored manner.