International Regulatory Updates

The SRM Vision 2028 strategy is being launched today after a year of consultation and reflection with stakeholders across the Banking Union Conference features a host of high-level speakers as they discuss the road ahead: risk, readiness and resilience in financial stability. Today, the Single ...

The European Central Bank (ECB) will conduct a cyber resilience stress test on 109 directly supervised banks in 2024. The exercise will assess how banks respond to and recover from a cyberattack, rather than their ability to prevent it. Under the stress test scenario, the cyberattack succeeds in ...

The European Central Bank (ECB) today published the results of its Supervisory Review and Evaluation Process (SREP) for 2023 and its supervisory priorities for the years 2024-26. The SREP is a core activity of European banking supervisors, enabling them to assess the risks banks face and how we ...

The European Banking Authority (EBA) today published its annual risk assessment of the European banking system. The Report is accompanied by the publication of the 2023 EU-wide transparency exercise, which provides detailed information, in a comparable and accessible format, for 123 banks from 26 co ...

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is changing its Union Strategic Supervisory Priorities (USSPs) to focus on cyber risk and digital resilience alongside ESG disclosures. With this new priority, EU supervisors will pu ...

The European Central Bank (ECB) today published its final report on “Sound practices in counterparty credit risk governance and management”, following a public consultation which ended in July 2023. The report presents the findings of the targeted review performed in the second half of 2022 ...

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today publishes a letter and a statement to encourage preparations for a smooth transition to MiCA. In the letter addressed to the Economic and Financial Affairs Council (ECOFIN), E ...

The Governing Council of the European Central Bank (ECB) today nominated Claudia Buch for the non-renewable five-year position of Chair of the Supervisory Board, following consultation with the Supervisory Board. She is currently Vice-President of the Deutsche Bundesbank. Informal hearings of the ...

The European Central Bank (ECB) has imposed an administrative penalty of €4.47 million (€4,470,000) on de Volksbank N.V. after the bank miscalculated its risk weighted assets for exposures to regional governments outside the European Union. From 2014 to 2021, for 29 consecutive quarters the ...

Capital Adequacy The aggregate capital ratios of significant institutions (i.e. those banks that are supervised directly by the ECB) increased in the first quarter of 2023. The aggregate Common Equity Tier 1 (CET1) ratio stood at 15.53%, the aggregate Tier 1 ratio stood at 16.94% and the aggregat ...