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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.
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.
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.
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
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
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
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.
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.
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.
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.
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.
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.
Our online supervisory services are just a few clicks away! Use the banking supervision portal to launch and follow supervisory processes online, to exchange content with ECB staff, or to report a suspected breach of EU banking supervision law through the whistleblowing platform.
