International Regulatory Updates


APRIL 26, 2022
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 ...
APRIL 05, 2022
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 ...
APRIL 04, 2022
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 ...
APRIL 04, 2022
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 ...
MARCH 17, 2022
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 ...
MARCH 14, 2022
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 ...
MARCH 14, 2022
The European Central Bank (ECB) has imposed an administrative penalty of €3.755 million on Banque et Caisse d’Epargne de l’Etat, Luxembourg after the bank miscalculated, and therefore misreported, its risk-weighted assets for exposures to banks. In 2017 and 2018, for seven consecutive qua ...
FEBRUARY 28, 2022
The European Central Bank (ECB) has assessed that Sberbank Europe AG and its two subsidiaries in the banking union, Sberbank d.d. in Croatia and Sberbank banka d.d. in Slovenia, are failing or likely to fail owing to a deterioration of their liquidity situation. The Austrian parent bank Sberbank ...
FEBRUARY 11, 2022
The European Central Bank (ECB) has today published the results of its Supervisory Review and Evaluation Process (SREP) for 2021. The findings of that annual assessment indicate that significant institutions have maintained solid capital and liquidity positions, with most banks operating at capital ...
FEBRUARY 11, 2022
The European Central Bank (ECB) sees no need to allow banks to operate below the level of capital defined by their Pillar 2 Guidance beyond December 2022, nor to extend beyond March 2022 the supervisory measure that allows them to exclude central bank exposures from their leverage ratios. “The ...