Coronavirus

25/01/2021
Frank Elderson: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
Introductory statement by Frank Elderson, Member of the Executive Board of the ECB, at the ECON Committee of the European Parliament
15/01/2021
Andrea Enria: Crisis management for medium-sized banks: the case for a European approach
Keynote speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the Banca d’Italia workshop on the crisis management framework for banks in the EU
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15/01/2021
Interview with Revue Banque
Interview with Édouard Fernandez-Bollo, Member of the Supervisory Board of the ECB, conducted by Laure Bergala on 11 December 2020 and published on 15 January 2021
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15/12/2020
Remuneration policies in the context of the coronavirus (COVID-19) pandemic
15/12/2020
FAQs on ECB supervisory measures in reaction to the coronavirus
04/12/2020
Elizabeth McCaul: Who pays the piper calls the tune: The need for and benefit of strong credit risk management
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.

04/12/2020
Identification and measurement of credit risk in the context of the coronavirus (COVID-19) pandemic
03/12/2020
Elizabeth McCaul: Bank boards and supervisory expectations
Introductory remarks by Elizabeth McCaul, Member of the Supervisory Board of the ECB, at the Florence School of Banking & Finance Online Seminar “Bank Boards and Supervisory Expectations”
25/11/2020
Yves Mersch: Interview with Financial Times
Interview with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Martin Arnold on 23 November 2020
18/11/2020
Good governance in times of crisis
18/11/2020
COVID-19: the impact on Europe’s smaller banks
17/11/2020
Kerstin af Jochnick: COVID-19: recovery and regulatory response
Conversation between Kerstin af Jochnick, Member of the Supervisory Board of the ECB, and Tim Adams, President and CEO of the Institute of International Finance (IIF), at the IIF 7th Annual European Banking Union Colloquium
04/11/2020
Elizabeth McCaul: Out of the past, into the future: Transatlantic views on the next stage for European banking supervision
Keynote speech by Elizabeth McCaul, Member of the Supervisory Board of the ECB at the European Institute of Financial Regulation (EIFR) Webinar on “Banking Supervision in Europe: a US perspective”
04/11/2020
Yves Mersch: Q&A at UBS event
Transcript of Q&A session following a fireside chat with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at an online UBS event on the European economic and policy outlook, conducted on 30 October 2020
03/11/2020
Andrea Enria: Supervisory challenges of the pandemic and beyond
Keynote speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the Handelsblatt European Banking Regulation Conference
02/11/2020
Yves Mersch: Legal aspects of the ECB’s response to the coronavirus (COVID-19) pandemic – an exclusive but narrow competence
Keynote speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the ESCB Legal Conference
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
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”
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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08/10/2020
Yves Mersch: European economic governance: early lessons from the crisis
Keynote speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Conference “The Werner Report, 50 Years on”, organised by the Luxembourg Centre for Contemporary and Digital History in cooperation with EUI Florence
01/10/2020
Andrea Enria: An evolving supervisory response to the pandemic
Speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the European Banking Federation high-level public dialogue
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
24/09/2020
European banking supervision measures in the context of the coronavirus (COVID-19) pandemic
Presentation by Edouard Fernandez-Bollo, Member of the Supervisory Board of the ECB, at the Salzburg Global Finance Forum Webinar
17/09/2020
ECB allows temporary relief in banks’ leverage ratio after declaring exceptional circumstances due to pandemic
16/09/2020
Pentti Hakkarainen: Technology exposes banks’ vulnerabilities
Speech by Pentti Hakkarainen, Member of the Supervisory Board of the ECB, at the Institute of International Finance Digital Interchange: The Global Dialogue on Digital Finance
11/09/2020
Yves Mersch: Supervisory action in times of crisis and the limits of the ECB’s prudential mandate
Introductory statement by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Eurofi Financial Forum in Berlin
12/08/2020
Market risk: new reporting requirements to start in 2021
12/08/2020
Exploring the potential of supervisory technology
12/08/2020
Striking a balance: bank lending in times of crisis
29/07/2020
Andrea Enria: Transcript of the media briefing on July 28, 2020 (with Q&A)
Andrea Enria, Chair of the Supervisory Board of the ECB, Frankfurt am Main, 28 July 2020
28/07/2020
ECB extends recommendation not to pay dividends until January 2021 and clarifies timeline to restore buffers
28/07/2020
Remuneration policies in the context of the coronavirus (COVID-19) pandemic
28/07/2020
Operational capacity to deal with distressed debtors in the context of the coronavirus (COVID-19) pandemic
28/07/2020
Euro area banking sector resilient to stress caused by coronavirus, ECB analysis shows
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.

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.

25/06/2020
Yves Mersch: The World Economy Transformed
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
22/06/2020
Pentti Hakkarainen: Completing the banking and capital market union under new circumstances
Impulse by Pentti Hakkarainen, Member of the Supervisory Board of the ECB, Frankfurt Finance Summit
17/06/2020
Andrea Enria: ECB Banking Supervision’s approach to climate risks
Keynote speech by Andrea Enria, Chair of the Supervisory Board of the ECB, at the European Central Bank Climate and Environmental Risks Webinar
12/06/2020
Andrea Enria: Introductory Statement
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
10/06/2020
Andrea Enria: Transcript of the media briefing on June 9, 2020 (with Q&A)
Andrea Enria, Chair of the Supervisory Board of the ECB, Frankfurt am Main, 9 June 2020
28/05/2020
European banking supervision measures in the context of the coronavirus (COVID-19) pandemic
Presentation by Edouard Fernandez-Bollo, Member of the Supervisory Board of the ECB, at the Florence School of Banking & Finance online debate
13/05/2020
Taking a pragmatic approach to SREP
13/05/2020
Guarding against IT and cyber risk
13/05/2020
Leveraged lending: banks exposed to risks amid COVID-19
13/05/2020
Andrea Enria: “The current crisis is a wake-up call”
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, Supervision Newsletter
12/05/2020
Elizabeth McCaul: A pragmatic SREP delivers appropriate supervision for the crisis
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.

08/05/2020
Pentti Hakkarainen: The first lesson from the pandemic: state-of-the-art technology is vital
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.

20/04/2020
Andrea Enria: Interview with El Confidencial
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, conducted by Jorge Zuloaga on 16 April and published on 20 April 2020
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16/04/2020
ECB Banking Supervision provides temporary relief for capital requirements for market risk
15/04/2020
Supervisory reporting measures in the context of the coronavirus (COVID-19) pandemic
01/04/2020
IFRS 9 in the context of the coronavirus (COVID-19) pandemic
01/04/2020
Andrea Enria: Interview with Bloomberg TV
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
01/04/2020
Andrea Enria: How European Banking Supervision can help fight the economic consequences of the coronavirus outbreak in Europe
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
31/03/2020
Andrea Enria: Interview with the Financial Times
Interview with Andrea Enria, Chair of the Supervisory Board of the ECB, conducted by Martin Arnold on 30 March and published on 31 March 2020
27/03/2020
Andrea Enria: Flexibility in supervision: how ECB Banking Supervision is contributing to fighting the economic fallout from the coronavirus
Blog post by Andrea Enria, Chair of the Supervisory Board of the ECB

Summary

Banks and their shareholders must also do their part to fight the economic effects of the coronavirus pandemic, Supervisory Board Chair Andrea Enria writes in the Supervision Blog. He explains the rationale behind the recent supervisory measures and recommended dividend restrictions.

27/03/2020
ECB asks banks not to pay dividends until at least October 2020
20/03/2020
ECB Banking Supervision provides further flexibility to banks in reaction to coronavirus
12/03/2020
ECB Banking Supervision provides temporary capital and operational relief in reaction to coronavirus
06/03/2020
Contingency preparedness in the context of COVID-19
04/03/2020
ECB announces operational precautions linked to coronavirus