EC Publishes Fourth Progress Report on Reduction of NPLs in EU Banks
EC published the fourth progress report on the reduction of non-performing loans (NPLs) in banks in EU. The report shows that NPL levels are continuing their downward trajectory toward the pre-crisis levels. The ratio of NPLs in EU banks has come down by more than half since 2014, declining to 3.3% in the third quarter of 2018 and down by 1.1 percentage points year-on-year.
Despite clear improvements, high ratios of NPLs do remain a challenge in some member states and deserve continued attention. EC calls on member states and the European Parliament to accelerate work on the outstanding proposals to complement the EU actions to tackle this issue. Important strides have already been made toward full implementation of the EU Action Plan to tackle the high stocks of NPLs. However, EC calls on co-legislators to quickly agree on its proposed measures around the benchmarking of national loan enforcement and insolvency frameworks and to develop a sharper focus on insolvency in the European Semester process. Building on the December 2018 Euro Summit conclusions, this progress report on NPLs will inform discussions on the completion of the Banking Union at the next meeting of EU finance ministers on June 14.
Additionally, EC released a separate communication on the "Deepening of Europe's Economic and Monetary Union," inviting EU leaders to finalize the changes to the Treaty establishing the European Stability Mechanism and to make a renewed effort to advance toward the completion of the Banking Union. Toward the goal of deepening the Economic and Monetary Union, EC has also released factsheets on Banking Union and Capital Markets Union.
Related Links
- Press Release
- Progress Report and Related Documents
- Communication on Deepening Economic and Monetary Union
Keywords: Europe, EU, Banking, NPLs, Action Plan, Banking Union, Capital Markets Union, Economic and Monetary Union, EC
Previous Article
APRA Finalizes Schedule on Scope of Variable Remuneration Under BEARRelated Articles
|
News
IOSCO Report Examines Application of International Cyber StandardsIOSCO published a final report that examines the application of the three internationally recognized cyber standards and frameworks by IOSCO member jurisdictions.
June 18, 2019
WebPage
Regulatory News
|
|
News
EC Amends Regulation Supplementing Solvency II DirectiveEC published the Delegated Regulation (EU) 2019/981 that amends the Regulation (EU) 2015/35, which supplements Solvency II Directive (2009/138/EC) on the taking-up and pursuit of the business of insurance and reinsurance.
June 18, 2019
WebPage
Regulatory News
|
|
News
PRA Finalizes Reporting Amendments to Pillar 2 Liquidity FrameworkPRA published the final Policy Statement PS13/19 on regulatory reporting amendments and clarifications to the Pillar 2 liquidity framework for banks in UK.
June 17, 2019
WebPage
Regulatory News
|
|
News
FSB Assesses Implementation of Compensation Standards and PrinciplesFSB published the sixth progress report on the implementation of its principles and standards for sound compensation practices in financial institutions.
June 17, 2019
WebPage
Regulatory News
|
|
News
IMF Publishes Reports on 2019 Article IV Consultation with IrelandIMF published its staff report and selected issues report under the 2019 Article IV consultation with Ireland.
June 17, 2019
WebPage
Regulatory News
|
|
News
EBA Updates Data on Deposit Guarantee Schemes in EUEBA published the 2018 data on two key concepts in the Deposit Guarantee Schemes Directive (DGSD)—namely, available financial means and covered deposits.
June 17, 2019
WebPage
Regulatory News
|
|
News
SNB Updates Form for Reporting Solvency Risk of CounterpartiesSNB published the survey (Form Release 5.01) and related documentation for reporting solvency risk of counterparties in the interbank sector (ARIS).
June 17, 2019
WebPage
Regulatory News
|
|
News
ISDA Studies Variation in Global Implementation of Margin RequirementsISDA published a paper that highlights the main areas of difference in the implementation of margin requirements for non-cleared derivatives across jurisdictions and makes recommendations on how to resolve these variations.
June 17, 2019
WebPage
Regulatory News
|
|
News
US Agencies Finalize Rule to Streamline Reporting for Small BanksUS Agencies (FDIC, FED, and OCC) adopted a final rule to streamline the regulatory reporting requirements for small institutions.
June 17, 2019
WebPage
Regulatory News
|
|
News
IAIS Consults on Revisions to IAIS Supervisory MaterialIAIS has launched a public consultation on revisions to the IAIS supervisory material.
June 14, 2019
WebPage
Regulatory News
|
