Banks have become more resilient and supervisory expectations are stabilising, says Supervisory Board Chair Andrea Enria. The Newsletter also looks at Brexit preparedness, banks’ profitability forecasts, artificial intelligence in supervision and how fintech will shape the future of banking.
Next year ECB Banking Supervision will focus on helping banks to continue to repair their balance sheets and strengthen their future resilience, as well as other topics such as Brexit. These priorities are based on the risk assessment for 2020.
Speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the Retail Banking Conference "Creating sustainable financial structures by putting citizens first" of European Savings Bank Group, in Brussels
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.