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    Managing credit risk during the crisis

    Most banks now broadly meet our expectations on managing credit risk, but two out of five still have significant gaps, says Supervisory Board Chair Andrea Enria. If banks move early to recognise issues and engage with customers, we have the tools to deal with the problem.

Our response to the coronavirus pandemic
3 May 2021 SPEECH

Implementing Basel III reforms

We are on the last leg of a long regulatory marathon of more than 40 years, says Supervisory Chair Andrea Enria. Any delay now would jeopardise necessary adjustments in the banking sector. A more resilient banking sector helps the real economy in good times as well as bad.

29 April 2021 SPEECH

Climate change and banks

As supervisors, it is our job to ensure banks address climate-related risks adequately and proactively, says Supervisory Board Vice-Chair Frank Elderson in a speech. Banks need to account for climate change when managing risks, selecting board members and devising stress scenarios.

03/05/2021
Andrea Enria: Basel III implementation: the last mile is always the hardest
Speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the Marco Fanno Alumni online conference
29/04/2021
Frank Elderson: All the way to zero: guiding banks towards a carbon-neutral Europe
Keynote speech by Frank Elderson, Vice-Chair of the Supervisory Board and Member of the Executive Board of the ECB, at the conference on “The Role of Banks in Greening Our Economies” organised by the European Bank for Reconstruction and Development and Hrvatska narodna banka
23/03/2021
Andrea Enria: Hearing at the European Parliament’s Economic and Monetary Affairs Committee
Introductory statement by Andrea Enria, Chair of the Supervisory Board of the ECB
18/03/2021
Elizabeth McCaul: NPL management and the COVID-19 crisis
Speech by Elizabeth McCaul, Member of the Supervisory Board of the ECB, at the NPL Summit 2021, Athens
16/03/2021
Andrea Enria: European banks in the post-COVID-19 world
Speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the Morgan Stanley Virtual European Financials Conference

All speeches

08/05/2021
Frank Elderson: Interview with Het Financieele Dagblad
Interview with Frank Elderson, Member of the Executive Board of the ECB, conducted by Annemiek Leclaire
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06/05/2021
Andrea Enria: Interview with Reuters
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, conducted by Francesco Canepa, Balazs Koranyi and Frank Siebelt
12/03/2021
Andrea Enria: Interview with ORF
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, conducted by Stefan Hartl on 8 March 2021 and broadcast on 8 March 2021
01/03/2021
Andrea Enria: Interview with Le Monde
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, conducted by Véronique Chocron on 10 February 2021 and published on 1 March 2021
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25/02/2021
Andrea Enria: Interview with HRT
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, conducted by Zeljko Kardum on 19 February 2021 and broadcast on 24 February 2021

All interviews

04/12/2020
Elizabeth McCaul: Who pays the piper calls the tune: The need for and benefit of strong credit risk management
Blog post by Elizabeth McCaul, Member of the Supervisory Board of the ECB

Summary

Strong credit risk management to avoid bad loans piling up now will maximise value, avoid cliff effects and reduce the risk of procyclical effects, writes Supervisory Board member Elizabeth McCaul. Inaction would disrupt the supply of credit and liquidity and delay the recovery.

09/10/2020
Andrea Enria, Edouard Fernandez-Bollo: Fostering the cross-border integration of banking groups in the banking union
By Andrea Enria, Chair of the Supervisory Board of the ECB, and Edouard Fernandez-Bollo, Member of the Supervisory Board of the ECB

Summary

We need to foster the integration of cross-border banking groups to ensure that timely liquidity support is provided within them, Andrea Enria and Edouard Fernandez-Bollo say in our latest blog post. To achieve this, recovery plans could be strengthened by using group support agreements.

28/07/2020
Andrea Enria: The coronavirus crisis and ECB Banking Supervision: taking stock and looking ahead
By Andrea Enria, Chair of the Supervisory Board of the ECB

Summary

Euro area banks are resilient to the stress caused by the coronavirus crisis, our analysis shows. The assessment of the results justifies our decision to extend our dividend recommendation. Supervisory Board Chair Andrea Enria also clarifies the timeline for banks to replenish capital and liquidity buffers.

09/07/2020
Yves Mersch: Brexit: banks must prepare for the end of the transition period
Blog post by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB

Summary

The ECB will continue to engage with all banks affected by Brexit to ensure that they achieve their target operating models in a timely manner, says Supervisory Board Vice-Chair Yves Mersch. We will not accept banks attempting to operate as empty shells.

07/07/2020
Kerstin af Jochnick: Supervising the new normal
Blog post by Kerstin af Jochnick, Member of the Supervisory Board of the ECB

Summary

How do we ensure that supervision remains effective during the crisis, and which aspects will be crucial in determining the shape of the EU banking sector in the medium term? These are the key questions supervisors must now answer, writes Supervisory Board member Kerstin af Jochnick.

All blog posts

6 April 2021 SUPERVISION. EXPLAINED.

Calculating banks’ capital requirements

EU rules require banks to maintain enough capital to cover unexpected losses. When calculating this capital requirement, a bank can use a standardised approach or its own internal models. We explain how this works and how we supervise banks’ internal models.

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Multimedia

  • Fourth ESRB annual conference: Keynote speech:

    Fourth ESRB annual conference: Keynote speech: "The future of stress testing"

  • Why is it important for banks to reduce bad loans?

    Why is it important for banks to reduce bad loans?

  • Youth Dialogue with Andrea Enria and Elisa Ferreira, Lisbon, July 2019

    Youth Dialogue with Andrea Enria and Elisa Ferreira, Lisbon, July 2019

  • Hear from the students: ECB Youth Dialogue with Danièle Nouy and Sabine Lautenschläger

    Hear from the students: ECB Youth Dialogue with Danièle Nouy and Sabine Lautenschläger

  • Banking Supervision at the European Central Bank

    Banking Supervision at the European Central Bank

  • Single Supervisory Mechanism

    Single Supervisory Mechanism