ECB Publishes Annual Report for 2018 Supervisory Activities

  On March 21, the (ECB) published its annual report on supervisory activities for 2018, which sets out the ECB’s key achievements during 2018 under the single supervisory mechanism (SSM). The ECB has also published a speech on the annual report given by Andrea Enria, ECB Supervisory Board Chair, at a meeting of the European Parliament’s Economic and Monetary Affairs Committee (ECON). Among other things, the speech sets out the following SSM supervisory priorities for 2019: Credit risk: ECB banking supervision will continue to promote the reduction of the stock of non-performing loans. As part of a new initiative, the ECB will assess banks’ credit underwriting criteria with a view to avoiding excessive risk-taking by banks. The quality of specific asset class exposures, such as commercial real estate, residential real estate and leveraged finance, will be closely examined. Risk management: The targeted review of internal models (TRIM) will continue.…

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