International Regulatory Updates


JULY 31, 2020
The European Banking Authority (EBA) published today its quarterly Risk Dashboard together with the results of the Risk Assessment Questionnaire (RAQ). The updated data shows that the impact of COVID-19 was mainly reflected in a contraction of banks’ capital ratios and profitability, the cost of r ...
JULY 30, 2020
The European Banking Authority (EBA) recalls the importance of adequate preparations by financial institutions for the end of the transition period between the EU and UK. The EBA calls on the institutions to finalise the full execution of their contingency plans in accordance with the conditions agr ...
JULY 29, 2020
The European Central Bank (ECB) today extended its recommendation to banks on dividend distributions and share buy-backs until 1 January 2021 and asked banks to be extremely moderate with regard to variable remuneration. It also clarified that it will give enough time for banks to replenish their ca ...
JULY 29, 2020
The European Central Bank (ECB) today published the aggregate results of its vulnerability analysis of banks directly supervised within the Single Supervisory Mechanism. The exercise assessed how the economic shock caused by the coronavirus (COVID-19) outbreak would impact 86 euro area banks and aim ...
JULY 29, 2020
The European Central Bank (ECB) announced today changes to the organisational structure of its supervisory arm to ensure continued effective and efficient supervision of banks in the euro area and beyond. The organisational changes will include the creation of two additional business areas in the ...
JULY 27, 2020
Capital Adequacy The aggregate capital ratios for the group of SSM significant institutions (i.e. those credit institutions that are supervised directly by the ECB) declined slightly in the first quarter of 2020 by comparison with the previous quarter. The aggregate Common Equity Tier 1 (CET1) ra ...
JULY 24, 2020
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 ...
JULY 13, 2020
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 ...
JULY 13, 2020
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 ...
JULY 01, 2020
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 ...