International Regulatory Updates


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 ...
FEBRUARY 07, 2022
The three European Supervisory Authorities (EBA, EIOPA and ESMA) published today a joint report in response to the European Commission’s February 2021 Call for Advice on Digital Finance. The proposals that were put forward aim at maintaining a high level of consumer protection and addressing risks ...
JANUARY 27, 2022
The European Central Bank (ECB) today launched a supervisory climate risk stress test to assess how prepared banks are for dealing with financial and economic shocks stemming from climate risk. The exercise will be conducted in the first half of 2022 after which the ECB will publish aggregate result ...
JANUARY 24, 2022
The European Banking Authority (EBA) published today its final draft implementing technical standards (ITS) on Pillar 3 disclosures on Environmental, Social and Governance (ESG) risks. The final draft ITS put forward comparable disclosures to show how climate change may exacerbate other risks within ...
JANUARY 12, 2022
Capital Adequacy The aggregate capital ratios of significant institutions (i.e. those banks that are supervised directly by the ECB) decreased slightly in the third quarter of 2021. The aggregate Common Equity Tier 1 (CET1) ratio stood at 15.47%, the aggregate Tier 1 ratio stood at 16.79% and the ...
JANUARY 10, 2022
The European Banking Authority (EBA) today published its quarterly Risk Dashboard together with the results of the autumn edition of the Risk Assessment Questionnaire (RAQ). The NPL ratio declined to 2.1% and the stage 2 ratio contracted to 8.7%. Return on equity (RoE) was reported higher than pre-p ...
DECEMBER 22, 2021
The European Insurance and Occupational Pensions Authority (EIOPA) published today the results of its 2021 Insurance Stress Test in which it assessed the industry’s resilience to a prolonged COVID-19 scenario in a “lower for longer” interest rate environment. In the 2021 Insurance Stress ...
DECEMBER 20, 2021
The European Central Bank (ECB) sees no need to extend beyond December 2021 the liquidity relief measure that allowed banks to operate with a liquidity coverage ratio below 100%. In March 2020 the ECB encouraged banks to make use of their liquidity buffers to support the economy. At the time the ...
DECEMBER 16, 2021
The Governing Council of the European Central Bank (ECB) has appointed Anneli Tuominen as ECB representative to the Supervisory Board for a five-year non-renewable term. She will succeed Pentti Hakkarainen, whose five-year term ends on 31 January 2022. Ms Tuominen currently serves as Director ...
DECEMBER 16, 2021
The European Banking Authority (EBA) published today its final Report on the feasibility study of an integrated reporting system (IRS).  This Report is the outcome of over two years of effort and active engagement of both national and European authorities, as well as interaction with financial inst ...