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Welcoming Bulgaria & Croatia to European banking supervision
Bulgaria and Croatia are joining European banking supervision as the ECB establishes close cooperation with their national supervisory authorities. The ECB will start supervising significant Bulgarian and Croatian banks on 1 October 2020 after the significance assessment.
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.
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.
Introductory remarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Salzburg Global webinar
Remarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Reinventing Bretton Woods Committee Webinar Series
Introductory statement by Andrea Enria, Chair of the Supervisory Board of the ECB, at the virtual meeting of the European CFO Network organised by UniCredit Group
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, conducted by Anna Edwards and Matt Miller on 31 March and published on 1 April 2020
Opinion piece by Andrea Enria, Chair of the Supervisory Board of the ECB, published in Les Echos, Expansión, Frankfurter Allgemeine Zeitung, Phileleftheros, La Stampa and Ta Nea on 30 March 2020, in Jornal de Negócios on 31 March 2020, in the Times of Malta on 1 April 2020 and in Latvijas Avīze on 3 April 2020
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.
Blog post by Pentti Hakkarainen, Member of the Supervisory Board of the ECB
Summary
The coronavirus pandemic has highlighted how important technology is for banks’ business continuity, writes Supervisory Board member Pentti Hakkarainen. This offers opportunities but also challenges, as reliance on technology can lead to an increase in IT and cyber risks.
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.
