The Memorandum of Understanding strengthens cooperation between ECB Banking Supervision and the European Court of Auditors (ECA). It establishes practical information-sharing arrangements between the two institutions which will help enhance European banking supervision.
The vast majority of banks supervised by the ECB have adequate liquidity reserves to withstand stress, the results of this year’s supervisory stress test show. But some vulnerabilities – particularly those related to foreign currencies, data quality and collateral management – require supervisory follow-up.
Decision (EU) 2019/1377 of the ECB of 31 July 2019 nominating heads of work units to adopt delegated decisions on passporting, acquisition of qualifying holdings and withdrawal of authorisations of credit institutions (ECB/2019/26)
Opinion on the payment of funds to uninformed holders of subordinated bonds and minority shareholders who held shares in banks in which the Republic of Slovenia had a majority shareholding affected by Banka Slovenije’s extraordinary measures (CON/2019/26) Slovenia,
Banks need to know what the ECB expects from them, especially if they are considering relocating to the euro area. Our latest FAQ update covers the extension of Article 50, banks setting up a branch in a “third country” and how we assess internal models in the context of a relocation.