Featured Product

    EC Publishes Fourth Progress Report on Reduction of NPLs in EU Banks

    June 12, 2019

    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

    Keywords: Europe, EU, Banking, NPLs, Action Plan, Banking Union, Capital Markets Union, Economic and Monetary Union, EC

    Related Articles
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans

    APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.

    September 09, 2020 WebPage Regulatory News
    News

    SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks

    SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.

    September 09, 2020 WebPage Regulatory News
    News

    FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms

    FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.

    September 09, 2020 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in September 2020

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    FSB Extends Implementation Timeline for Framework on SFTs

    FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796