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Results show that euro area banking system is robust in the face of unfavourable economic conditions. Credit risk, market risk and income generation capacity were the key drivers of capital depletion. For the first time we also publish high-level individual information for medium-sized banks.
We are not extending beyond September 2021 our recommendation that banks limit dividend payments. Instead, supervisors will return to assessing the capital and dividend plans of each bank individually as part of the regular supervisory process.
This crisis provides an opportunity to improve credit risk management in banks, says Supervisory Board member Elizabeth McCaul. Strong credit risk controls help banks support the economic recovery, so the good practices we are seeing should be adopted more widely.
Speech by Elizabeth McCaul, Member of the Supervisory Board of the ECB, Salzburg Global Finance Forum, Financial Services in the Post-Pandemic Era: An Opportunity for a Green and Digitally-Enabled Recovery?
Blog post by Elizabeth McCaul, Member of the Supervisory Board of the ECB
Summary
This crisis provides an opportunity to improve credit risk management in banks, says Supervisory Board member Elizabeth McCaul. Strong credit risk controls help banks support the economic recovery, so the good practices we are seeing should be adopted more widely.
Blog post by Frank Elderson, Vice-Chair of the Supervisory Board of the ECB, and Elizabeth McCaul, Member of the Supervisory Board of the ECB
Summary
Diversity in leadership is crucial for effective governance, say Vice-Chair Frank Elderson and Supervisory Board member Elizabeth McCaul. A richer set of knowledge, experiences and values results in better decision-making and greater efficiency in the way banks operate.
Blog post by Edouard Fernandez-Bollo, Member of the Supervisory Board of the ECB, and Pedro Gustavo Teixeira, Director General SSM Governance and Operations
Summary
Our sanctioning powers help to ensure that banks comply with regulatory requirements, say Supervisory Board member Edouard Fernandez-Bollo and Director General Pedro Gustavo Teixeira. This in turn creates confidence in the soundness of the banking system.
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.
EU banking rules sometimes give options to supervisors. Share your views on our revised policies. The revisions are due to recent legal changes and ensure transparency, consistency and a level playing field.
The public consultation is open until 23 August 2021.
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.
