Topic: European Central Bank

Banks should be legally bound on climate plans, ECB’s Elderson says

The “vast majority” of EU banks are not carrying out necessary climate analysis and should be legally required to adopt climate transition plans, according to a European Central Bank board member.

20 October 2021

“Diluting the framework”: EU divided over Basel implementation

Over two dozen of Europe’s national regulators and central banks have warned the European Commission against introducing any EU-specific deviations from the Basel III framework.

09 September 2021

MAS and ECB the latest to scrap dividend restrictions

Singapore’s regulator has lifted a pandemic-era dividend cap, one of the last regulators to do so after the ECB removed its restrictions late last week.

29 July 2021

EBA set to classify MMFs as shadow banks

The European Banking Authority has called on financial market participants to consider money market funds as shadow banks, as division emerges over fellow EU regulator the European Securities and Markets Authority’s proposal to revamp their liquidity buffers.

28 July 2021

ECB embarks on digital euro investigation

The European Central Bank moved further in its digital currency plans, announcing a 24-month-long investigation into the new coinage as experimentation proves current options viable.

15 July 2021

PRA removes dividend limits

The UK’s Prudential Regulation Authority has removed the “extraordinary guardrails” it imposed on dividend distribution during the pandemic, but has warned banks to exercise an “appropriate degree of caution”.

14 July 2021

ECB considers blocking bank appointments on gender basis

The European Central Bank will include a bank’s gender diversity as a “component of collective suitability” when considering new board and executive appointments, under new proposed updates to its "fit and proper" criteria.

16 June 2021

ECJ affirms ECB’s “likely to fail” powers after Latvian bank appeal

Europe’s highest court has dismissed an appeal from now-defunct Latvian bank ABLV, affirming the European Central Bank’s capacity to declare banks “failing or likely to fail”.

10 May 2021

SRB issues liquidity resolution guidance

The EU’s Single Resolution Board has asked banks to estimate their liquidity needs in resolution scenarios, in the first new guidance it has published under an expectations policy it issued last year.

05 May 2021

ECB guidelines “facilitating” Spanish bank M&A as Unicaja and Liberbank merge

Portugal’s Novo Banco has divested its Spain-based businesses, while Spanish lenders Unicaja and Liberbank have won shareholder approval for their merger.

06 April 2021

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