ECB speech on supervisory priorities and annual report for 2018 supervisory activities

On 21 March 2019, the European Central Bank (ECB) published a speech by its Supervisory Board Chair, Andrea Enria, following the publication of its 2018 annual report on supervisory activities. Alongside an overview of work conducted in 2018, Mr Enria discusses the ECB’s supervisory priorities for 2019: credit risk: the ECB will continue to promote the reduction of the stock of non-performing loans. As part of a new initiative, it will assess banks’ credit underwriting criteria with a view to avoiding excessive risk-taking by banks; risk management: the  targeted review of internal models will continue. The ECB will also continue to push for improvements to banks’ internal processes for capital and liquidity adequacy, the ‘ICAAP’ and ‘ILAAP’ processes. New measures will also be taken to examine IT and cyber risks; more general supervisory activities planned for 2019 include work relating to trading risk and asset valuations;…

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