International Regulatory Updates


DECEMBER 19, 2023
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 ...
DECEMBER 18, 2023
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 ...
NOVEMBER 09, 2023
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 ...
OCTOBER 23, 2023
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 ...
OCTOBER 17, 2023
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 ...
SEPTEMBER 14, 2023
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 ...
AUGUST 30, 2023
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 ...
JULY 14, 2023
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 ...
JUNE 01, 2023
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 ...
MARCH 21, 2023
ECB Banking Supervision, the Single Resolution Board and the European Banking Authority welcome the comprehensive set of actions taken yesterday by the Swiss authorities in order to ensure financial stability. The European banking sector is resilient, with robust levels of capital and liquidity. ...