FIN.

ECB speaks about work and priorities for year ahead

The Chair of the Supervisory Board of the ECB has addressed the European Parliament’s Economic and Monetary Affairs Committee at its first ordinary hearing in 2019.

Comments covered:

  • key supervisory priorities for the next year, including
    • guidance on non-performing loans,
    • on-site missions focusing on trading risk and asset valuations,
    • evaluation of banks’ credit underwriting criteria and the quality of their internal capital and liquidity adequacy assessment processes, and
    • the sustainability of banks’ business models;
  • work on non-performing exposures and Brexit preparedness; and
  • regulatory challenges in banking, including the completion of Basel III implementation and the next review of the Capital Requirements Regulation and Directive,  and the integration of money-laundering risks into prudential supervisory work.
Avatar

Roseyna Jahangir