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Euro area banks must pursue ambitious digital transformation plans to keep their business models sustainable and to offer competitive services, says Supervisory Board member Pentti Hakkarainen. State-of-the-art technology is key to keeping pace with digital disruption.
Payment breaks have been an essential part of the response to the coronavirus crisis. However, banks need to avoid the build-up of unrecognised non-performing loans and keep distinguishing between good customers and bad ones that are unlikely to pay, says Supervisory Chair Andrea Enria.
The ECB is publishing its final guide explaining how it assesses whether the models banks use to calculate counterparty credit risk comply with requirements. Comments received during the public consultation earlier this year were taken into account.
Speech by Pentti Hakkarainen, Member of the Supervisory Board of the ECB, at the Institute of International Finance Digital Interchange: The Global Dialogue on Digital Finance
Introductory statement by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Eurofi Financial Forum in Berlin
Presentation by Edouard Fernandez-Bollo, Member of the Supervisory Board of the ECB, at an online debate organised by the Florence School of Banking & Finance
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, conducted by Gillian Stedman on 24 September 2020 and published on 25 September 2020
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.
Blog post by Édouard Fernandez-Bollo, Member of the Supervisory Board of the ECB
Summary
As the ECB publishes its draft Guide on consolidation in the banking sector, Supervisory Board member Edouard Fernandez-Bollo explains in his blog post the key aspects of how the ECB assesses consolidation projects involving euro area banks.
Blog post by Elizabeth McCaul, Member of the Supervisory Board of the ECB
Summary
The 2020 supervisory review takes a pragmatic approach while aiming to maintain an accurate view of banks’ soundness, writes Supervisory Board member Elizabeth McCaul. We focus on how banks manage risks to capital and liquidity, and intend to keep Pillar 2 requirements and guidance stable.
Interested parties are invited to comment on the draft Guide on the supervisory approach to consolidation in the banking sector. In the Guide the ECB clarifies how supervisors assess consolidation projects involving euro area banks.
