International Regulatory Updates

The European Central Bank (ECB) today published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks. The ECB is now setting staggered deadlines for banks to progressively meet all the supervisory expectations it laid out ...

Capital Adequacy The aggregate capital ratios of significant institutions (i.e. those banks that are supervised directly by the ECB) were stable in the second quarter of 2022. The aggregate Common Equity Tier 1 (CET1) ratio stood at 14.96%, the aggregate Tier 1 ratio stood at 16.22% and the aggre ...

The European Central Bank (ECB) has tasked five high level experts on banking supervision with reviewing the effectiveness and efficiency of the Supervisory Review and Evaluation Process (SREP) and how it relates to other supervisory processes. Members will provide input on the functioning of the SR ...

The European Central Bank (ECB) has published on its website a report on the sanctioning activities across the Single Supervisory Mechanism (SSM). This report has been prepared by the SSM Network of Enforcement and Sanctions Experts to present comprehensive statistics on sanctioning activities in re ...

Sanctions Q1. What is the role of ECB Banking Supervision in the financial sanctions adopted by the European Union since Russia invaded Ukraine? The ECB does not impose these sanctions, nor does it monitor banks’ compliance with them. Banks are responsible for implementing and monitoring complia ...

The European Insurance and Occupational Pensions Authority (EIOPA) has launched today its first climate stress test to gain insights into the effects of environmental risks on the European occupational pension sector. Sustainability and the management of environmental risks have become key considera ...

The European Banking Authority (EBA) published today its Risk Dashboard for the fourth quarter (Q4) of 2021. A special feature highlights the potential impact of the Russian invasion of Ukraine on the EU/EEA banking sector. Based on the EBA’s initial assessment, direct exposures to Russia, Belarus ...

The European Central Bank (ECB) today updated its policies outlining how it exercises options and discretions when supervising banks, following a public consultation which ended on 30 August 2021. Clarifying how the ECB exercises the options and discretions introduced by recent changes to EU ban ...

The European Supervisory Authorities (EBA, ESMA and EIOPA – the ESAs) today warn consumers that many crypto-assets are highly risky and speculative. The ESAs set out key steps consumers can take to ensure they make informed decisions. This warning comes in the context of growing consumer activi ...

The European Central Bank (ECB) today published an updated assessment of the progress European banks have made on disclosing climate and environmental risks as set out in the ECB’s November 2020 guide. Although there have been improvements since the ECB’s first assessment in late 2020, no ba ...