EBA report on suitability

In 2021 the ECB carried out 17 reassessments for several members of the management bodies of banks in eight countries participating in European banking supervision, according to an article prepared by ECB and De Nederlandsche Bank. Of these reassessments, only five were triggered by banks notifying the ECB of new facts. In the other 12 cases, the ECB or the NCA approached the bank about the new facts, which came from a variety of sources, including facts gathered through ongoing supervision, the media, whistleblowing, or breach reports.

In this alert you will read more about what is a suitability assessment, why is it required, the regulatory framework and how can Deloitte help.