International Regulatory Updates

The European Central Bank (ECB) has today published the results of its industry-wide assessment of banks’ preparedness for the benchmark interest rate reforms. While banks are generally well aware of the complexity of the reforms and the challenges involved, their level of preparation leaves room ...

The Governing Council of the European Central Bank (ECB) has adopted a decision to establish close cooperation with Hrvatska narodna banka (Croatian National Bank) following the fulfilment of the necessary supervisory and legislative prerequisites. In parallel, the inclusion of the Croatian kuna in ...

The Governing Council of the European Central Bank (ECB) has adopted a decision to establish close cooperation with Българска народна банка (Bulgarian National Bank) following the fulfilment of the necessary supervisory and legislative prerequisites. In parallel, the inclusion o ...

The European Central Bank (ECB) today published a guide for consultation that aims to clarify its supervisory approach to consolidation projects involving euro area banks. The ECB will make use of its supervisory tools in order to facilitate sustainable consolidation projects. Such projects mus ...

The European Banking Authority (EBA) published today the seventh EU-wide transparency exercise. This additional data disclosure comes as a response to the outbreak of COVID-19 and provides market participants with bank-level data as of 31 December 2019, prior to the start of the crisis. The data con ...

The European Central Bank (ECB) today published a guide for consultation that explains how it expects banks to safely and prudently manage climate-related and environmental risks and disclose such risks transparently under the current prudential framework. The ECB wants banks to account for these ri ...

Following up on its strategic communications of 12th, 25th, 31st March and 2nd April, the European Banking Authority (EBA) provides today further clarity on how additional flexibility will guide supervisory approaches in relation to market risk, the Supervisory Review and Evaluation Process (SREP), ...

Capital Adequacy The capital ratios for the aggregated group of significant institutions, i.e. the banks supervised by the ECB, increased in the fourth quarter of 2019 compared with the previous quarter. The Common Equity Tier 1 (CET1) ratio stood at 14.78%, the Tier 1 ratio at 15.96% and the tot ...

Following the publication of its statement on the application of the prudential framework regarding default, forbearance and IFRS9 in light of COVID-19 measures, the European Banking Authority (EBA) published today more detailed guidance on the criteria to be fulfilled by legislative and non-legisla ...

Following its call for flexibility in the prudential framework and supervisory approaches to support lending into the real economy, the European Banking Authority (EBA) clarified today its expectations in relation to dividend and remuneration policies, provided additional guidance on how to use flex ...