ECB takes further steps to conserve bank capital

Banks have been urged to pause shareholder payouts for longer by the European Central Bank (ECB), which added that it would also not compel them to meet their Pillar 2 requirements, concerning capital assessments, until the end of 2022 at the earliest. 

Piers Haben

Regulators firefight Covid-19 with “Quick Fix” hose

Though EU regulators have moved swiftly to ease compliance and capital burdens on banks, they nonetheless still face challenges, particularly when the non-performing loans start to pile up.

Financial sector gets behind Denmark’s decarbonisation goals

Denmark’s financial sector, through its climate partnership initiative, has published an action plan on how it will contribute towards the Nordic state’s aims of reducing its carbon emissions by 70% by 2030. 

FCA asks lenders to exercise tailored forbearance towards struggling mortgage borrowers

The UK’s Financial Conduct Authority (FCA) has updated its guidance relating to lenders that have been granted mortgage payment deferrals urging them to exercise tailored forbearance towards borrowers that struggle to restart repayments. 

ESMA puts forward candidates for CCP supervisory committee for European Parliament approval

Candidates have been chosen for the European Securities and Markets Authority’s (ESMA) supervisory committee to oversee central counterparty clearing houses (CCP) under the European Market Infrastructure Regulation (EMIR 2.2).

Robin Penfold

EU fires starting gun on next set of regulatory reforms

The EU is embarking on the next set of regulatory reforms, which will be centred around environmental, social and governance (ESG) factors and are very likely to become highly influential globally. 

Brexit talks continue to stall as neither side gives ground

EU and UK negotiators are holding firm in their positions believing the other will give way at the last minute while the European Commission has delayed until the end of the year, at the earliest, a decision over whether to grant the UK equivalence on financial services. 

Climate change is bigger threat than Covid-19, says ECB’s Schnabel

European Central Bank (ECB) board member Isabel Schnabel told the Reuters news agency that the central bank must keep climate change high up on its list of priorities as it is an even bigger threat than the Covid-19 pandemic.

Thomas Wieser

Eurobonds could fire-up CMU

EU plans to launch a bond to help fund the block’s economic recovery from the Covid-19 pandemic could also prove to be a precursor to CMU provided a number of other important obstacles are tackled

Miroslav Petkov

ECB’s climate change guidance marks important milestone for bank risk frameworks

Banks in Europe are going to have to fundamentally rethink their risk frameworks following the publication of guidance by the ECB telling banks to place climate change considerations front and centre of their businesses.