International Regulatory Updates

The European Banking Authority (EBA) launched today the 2021 EU-wide stress test and released the macroeconomic scenarios. Following the postponement of the 2020 exercise, due to the COVID-19 pandemic, this year’s EU-wide stress test will provide valuable input for assessing the resilience of the ...

The European Central Bank (ECB) published today the outcome of its 2020 Supervisory Review and Evaluation Process (SREP) and announced its supervisory priorities for 2021. This year’s SREP results reflect an early decision by the ECB to take a pragmatic approach towards conducting its annual co ...

Capital Adequacy Aggregate capital ratios for significant institutions, (i.e. banks that are supervised directly by the ECB) increased in the third quarter of 2020 relative to the previous quarter. The aggregate Common Equity Tier 1 (CET1) ratio stood at 15.21%, the aggregate tier 1 ratio stood a ...

The European Central Bank (ECB) today published the final guide outlining its supervisory approach to consolidation in the banking sector, following a public consultation which ended on 1 October 2020. The ECB will make use of its supervisory tools to facilitate sustainable consolidation pro ...

The Governing Council of the European Central Bank (ECB) today has proposed the appointment of ECB Executive Board member Frank Elderson as Vice-Chair of the ECB’s Supervisory Board. The ECB has informed the Chair of the European Parliament’s Committee on Economic and Monetary Affairs (ECON), ...

The European Banking Authority (EBA) published today a Report on the impact of implementing the final Basel III reforms in the EU. The full Basel III implementation, in 2028, would result in an average increase of 15.4% on the current Tier 1 minimum required capital of EU banks. The results do not r ...

After closely monitoring the developments of the COVID-19 pandemic and, in particular, the impact of the second COVID-19 wave and the related government restrictions taken in many EU countries, the European Banking Authority (EBA) has decided to reactivate its Guidelines on legislative and non-legis ...

The European Central Bank (ECB) today published its final and amended guide on climate-related and environmental risks following a public consultation. The guide explains how the ECB expects banks to prudently manage and transparently disclose such risks under current prudential rules. The ECB w ...

The European Banking Authority (EBA) published today a first assessment of the use of COVID-19 moratoria and public guarantees across the EU banking sector. COVID-19 related moratoria on loan repayments provided breathing space to borrowers across many countries with many banks reporting that loans ...

The European Banking Authority (EBA) published today its Report on the benchmarking of national loan enforcement frameworks across EU Member States, in response to the EU Commission’s call for advice. The Report introduces for the first time a set of benchmarks for bank loan recovery and identifie ...