Every year the ECB publishes an annual report on how it has carried out its supervisory tasks. The report is usually published in March of the following year.
The Chair of the Supervisory Board of the ECB normally presents the report to the European Parliament at a public hearing.
Banks’ Common Equity Tier 1 capital ratio increased slightly from 2019, and stood at 15.2% in the third quarter of 2020. This was partly a result of the extraordinary supervisory, regulatory and fiscal relief measures taken in response to the crisis.
Banks’ return on equity fell to 2.1%, from 5.2% at the end of 2019. The substantial decline in profitability was a direct result of the coronavirus pandemic.
The Supervisory Board of the ECB took 2,643 decisions, most of them on fit and proper assessments (1,165), but also related to the coronavirus crisis (257) and internal models (245).
The ECB submits the annual report on supervisory activities to the European Parliament, the EU Council, the Eurogroup, the European Commission and the national parliaments of the euro area countries.