Prudential Regulation Review
- Non-performing loans (NPLs) remained high on the European agenda. Daniele Nouy, Chair of the Supervisory Board of the ECB, mentioned them as a continuing challenge in her speech on European banking, while the EC published a proposal for statutory prudential provisioning backstops for newly non-performing loans. The EBA also published a consultation on its Guidelines for credit institutions on how to effectively manage non-performing exposures (NPEs) and forborne exposures (FBEs).
- The EC published its Action Plan on sustainable finance. It is proposing to incorporate sustainability into prudential requirements and put in place a unified EU classification system to define sustainability, create an EU “green label” for financial products deemed sustainable, and identify the areas where sustainable investment can make the biggest impact.
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Other topics covered
- Capital (including macro prudential and stress testing)
- Governance and risk management (including remuneration)
- Crisis management (including special resolution, systemically important firms, and business continuity)
- Regulatory perimeter
- Rethinking the domestic and international architecture for regulation
- Disclosure, valuation and accounting
- Central Bank of Ireland