• Opinion piece
    This time we need to do better

    We need to act faster and restructure the banking sector more deeply to avoid repeating past mistakes in dealing with bad loans, writes Supervisory Board Chair Andrea Enria. We also need an integrated European response. An asset management company could be the solution.

Our response to the coronavirus pandemic
30 October 2020 SPEECH

Coronavirus crisis: lessons in governance

The crisis is likely to lead to seriously impaired bank balance sheets and asset quality, says Supervisory Board member Elizabeth McCaul. Surviving the crisis will require decisive management action, suitable board members and effective credit risk management.

29 October 2020 SPEECH

Supervision in times of uncertainty

With an uncertain near-term outlook, we need coordinated action to smoothen the eventual withdrawal of relief measures, says Supervisory Board member Kerstin af Jochnick. Banks should give supervisors a realistic picture of asset quality and capital, and tackle long-term challenges.

30/10/2020
Elizabeth McCaul: The power of perception: COVID-19 and lessons in governance
Keynote speech by Elizabeth McCaul, Member of the Supervisory Board of the ECB, at the Webinar for the presentation of the position paper on COVID-19 and Governance by the Italian Association of Financial Industry Risk Managers (AIFIRM) and Università La Sapienza
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29/10/2020
Kerstin af Jochnick: Supervision in times of uncertainty
Keynote speech by Kerstin af Jochnick, Member of the Supervisory Board of the ECB, at the European Confederation of Institutes of Internal Auditing (ECIIA) Banking Forum
27/10/2020
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
22/10/2020
Pentti Hakkarainen: Are banks Cyber-proof in the digital world?
Speech by Pentti Hakkarainen, Member of the Supervisory Board of the ECB, at the European Banking Federation’s online conference on “Cyber security and resilience: the basis of it all in digital innovation”
19/10/2020
Edouard Fernandez-Bollo: Financial regulation in 2020: trends in the EU and global patterns
Presentation by Edouard Fernandez-Bollo, Member of the Supervisory Board of the ECB, at the Mazars-OMFIF virtual panel

All speeches

27/10/2020
Andrea Enria: Bank asset quality: this time we need to do better
Opinion piece by Andrea Enria, Chair of the Supervisory Board of the ECB, a short version was published in the Financial Times on 27 October 2020
12/10/2020
Andrea Enria: Interview with Handelsblatt
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, by Yasmin Osman and Kathrin Jones, conducted on 5 October 2020 and published on 12 October 2020
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01/10/2020
Yves Mersch: ECB raises the bar on bank governance
Opinion piece by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, published in several European media outlets on 1 October 2020
25/09/2020
Andrea Enria: Interview with RTE Morning Ireland
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
12/08/2020
Edouard Fernandez-Bollo: “Consolidation can secure safe and sound banks”
Edouard Fernandez-Bollo, ECB representative to the Supervisory Board, Supervison Newsletter

All interviews

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.

01/07/2020
Edouard Fernandez-Bollo: Clarifying the ECB’s supervisory approach to consolidation
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.

All blog posts

20 October 2020 BANKING SUPERVISION PORTAL

Gateway to our online services

Our banking supervision portal is live! It offers a single point of access for external users to use our online services to initiate supervisory processes or exchange documents with ECB staff. Further services will be added as they become available.

ENFORCEMENT

Whistleblowing

Use the ECB’s online whistleblowing platform to report a suspected breach of EU banking supervision law.

Multimedia

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    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