Coronavirus

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
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
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
04/03/2020
ECB announces operational precautions linked to coronavirus