Featured Product

    European Council Updates Capital Markets Union Action Plan

    July 11, 2017

    The European Council adopted conclusions on the EC's review of the EU's Capital Markets Union Action Plan. Focus is on actions related to sustainable finance and financial technology, with work being planned on actions announced in 2015 and not yet delivered; the follow-up to actions completed under the 2015 action plan; and new priority actions.

    The Council also agreed on an action plan to address the problem of non-performing loans (NPLs) in the banking sector. It outlined a mix of policy actions to help reduce stocks of NPLs, which remain at high levels within the EU, and to prevent their future emergence. Resolving NPLs can help reduce financial fragmentation and facilitate capital flows within the single market. On the basis of an expert report, the Council highlighted the need for action in the areas of bank supervision, the reform of insolvency and debt recovery frameworks, the development of secondary markets for NPLs, and restructuring of the banking industry.

     

    While speaking at the ECOFIN press conference, the EC Vice President Valdis Dombrovskis discussed the European action plan to tackle NPLs, in the context of the Capital Markets Union action plan. He highlighted the launch of a public consultation on how the EU can tackle barriers to entry for companies willing to purchase NPLs or servicing loans on secondary markets. The focus is also on improving access to loan collateral for secured creditors, which could help pre-empt the building up of new NPLs and ultimately allow better access to credit.

     

    Related Links

    Press Release

    Council Conclusions on Mid-Term Review

    Council Conclusions on NPL Action Plan

    Council Action Plan for NPLs

    EC Vice President on Capital Markets Union

    Keywords: Europe, EC, Banking, Securities, NPL, Capital Markets Union, Action Plan

    Related Articles
    News

    FSB Publishes List of Global Systemically Important Banks for 2019

    FSB published the 2019 list of global systemically important banks (G-SIBs), using the end-2018 data and an assessment methodology designed by BCBS.

    November 22, 2019 WebPage Regulatory News
    News

    EBA Publishes Roadmap on Risk Reduction Measures Package

    EBA published a set of roadmaps outlining the approach and timelines for delivering the mandates stemming from the Risk Reduction Measures Package adopted by the European Council and European Parliament on May 20, 2019.

    November 21, 2019 WebPage Regulatory News
    News

    EBA Consults on Initial Reporting Requirements for Market Risk

    EBA launched a consultation on the implementing technical standards on supervisory reporting requirements for market risk.

    November 21, 2019 WebPage Regulatory News
    News

    FED Proposes to Extend Initial Compliance Dates Under SCCL Rule

    FED published a proposal to extend, by 18 months, the initial compliance dates for foreign banks subject to the single-counterparty credit limit (SCCL) rule.

    November 20, 2019 WebPage Regulatory News
    News

    CBIRC to Strengthen Supervisory and Policy Support for SME Services

    CBIRC released a notification on strengthening supervision and guidance to enhance the quality and efficiency of financial services for "small and micro-enterprises" (SMEs).

    November 20, 2019 WebPage Regulatory News
    News

    FED Adopts Proposal to Implement Reporting Form for SCCL

    FED adopted a proposal to implement the Single-Counterparty Credit Limits (SCCL) reporting form FR 2590.

    November 20, 2019 WebPage Regulatory News
    News

    APRA Publishes Approach to Regulating and Supervising GCRA Risks

    APRA published an information paper that sets out a more intensive regulatory approach to transform governance, culture, remuneration, and accountability (GCRA) practices across the prudentially regulated financial sector.

    November 19, 2019 WebPage Regulatory News
    News

    US Agencies Update Rule on Derivative Contracts Exposure Calculation

    US Agencies (FDIC, FED, and OCC) announced a final rule updating the way certain banking organizations are required to measure counterparty credit risk for derivative contracts under their regulatory capital rules.

    November 19, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rule to Amend Treatment of HVCRE Exposures

    US Agencies (FDIC, FED, and OCC) finalized a rule to modify the treatment of high volatility commercial real estate (HVCRE) exposures, as required by the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.

    November 19, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Changes to Rule on Supplementary Leverage Ratio

    US Agencies (FDIC, FED, and OCC) finalized changes to the capital requirement for banking organizations predominantly engaged in custodial activities, as required by the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.

    November 19, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4177