European Central Bank @ecb@respublicae.eu

Banks need to carry out forward-looking risk assessments and do scenario planning for such new risks as geopolitical, climate and cyber risks, Supervisory Board Chair Claudia Buch tells
https://nitter.privacydev.net/cnainenglish
.
Read the interview
https://www.bankingsupervision.europa.eu/press/interviews/date/2024/html/ssm.in240516~a273a5aede.en.html

[2024-05-16 12:06 UTC]

R to @ecb: Financial markets are vulnerable to adverse shocks. While expectations that central banks will cut rates have boosted investors’ appetite for risky assets, sentiment could quickly change.

Read more https://www.ecb.europa.eu/press/financial-stability-publications/fsr/html/index.en.html

5/5

[2024-05-16 08:05 UTC]

R to @ecb: Although the debt levels of people, firms and governments have declined from the pandemic peaks, higher interest rates may challenge vulnerable groups.

3/5

[2024-05-16 08:05 UTC]

R to @ecb: Financial stability in the euro area has benefited from an improving economic outlook. But geopolitical tensions are a significant source of risk.

2/5

[2024-05-16 08:05 UTC]

More consumers are applying for loans, especially those from lower-income households.
https://nitter.privacydev.net/search?q=%23TheECBBlog
looks at why this is happening even though interest rates are rising.
https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240515~d1ec234603.en.html

[2024-05-15 09:33 UTC]

Internal audit functions are essential for banks to maintain effective control mechanisms.
Supervisory reviews have identified good internal audit practices, but internal audit staffing and oversight by the relevant bodies and committees need attention
https://www.bankingsupervision.europa.eu/press/publications/newsletter/2024/html/ssm.nl240515_1.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=240515_basu_newsletter_may_2024

[2024-05-15 09:18 UTC]

As the residential real estate sector began to show signs of distress, supervisors assessed how banks manage housing loans.
Their review revealed weaknesses in loan origination processes and collateral valuations, but banks are working on mitigating risks
https://www.bankingsupervision.europa.eu/press/publications/newsletter/2024/html/ssm.nl240515.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=240515_basu_newsletter_may_2024

[2024-05-15 09:17 UTC]

Christina Papaconstantinou, Supervisory Board Member and Bank of Greece Deputy Governor, discusses how we can prevent financial crises.
The latest edition also covers residential real estate risk, internal audit functions and EU securitisations
https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=240515_basu_newsletter_may_2024

[2024-05-15 09:04 UTC]

Executive Board member
https://nitter.privacydev.net/Isabel_Schnabel
: From laggard to leader? Closing the euro area’s technology gap (slides and speech in DE)
https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240514~aff1495bc4.en.html

[2024-05-14 12:54 UTC]

Geopolitical risk can have a negative impact on financial stability, and the latest developments call for heightened vigilance, a preview of our Financial Stability Review shows.
Find out what this means for financial institutions and policymakers
https://www.ecb.europa.eu/press/financial-stability-publications/fsr/special/html/ecb.fsrart202405_01~4e4e30f01f.en.html

[2024-05-14 08:02 UTC]

Weaker growth and higher interest rates have already led to more non-performing loans in commercial real estate portfolios, says Supervisory Board Chair Claudia Buch.
This means banks need to have sound risk monitoring and sufficient provisions in place
https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.written_overview240513~073c63cbf9.en.pdf?4dd7e6aa8be34a3fdf9b4d5f777a7939=&utm_source=ecb_twitter&utm_medium=_targting&utm_campaign=240513_publication_may_2024

[2024-05-13 13:03 UTC]

Account of the monetary policy meeting of the Governing Council of the ECB on 10-11 April 2024
https://www.ecb.europa.eu/press/accounts/2024/html/ecb.mg240510~6505e9dac3.en.html

[2024-05-10 11:31 UTC]

Coming up at 14:15 CET: Executive Board member Piero Cipollone gives opening remarks at a seminar on the tokenisation of financial instruments, organised by the Italian financial markets regulator Consob.
Watch live (Italian only):
https://www.youtube.com/watch?v=tII2Iyzp0Y0

[2024-05-09 08:00 UTC]

R to @ecb: Read the blog post https://www.bankingsupervision.europa.eu/press/blog/2024/html/ssm.blog080524~d4ed83af2c.en.html

[2024-05-08 09:20 UTC]

To manage climate and environmental risks, banks need to know how exposed they are.
As supervisory action escalates, most banks have upped their game, says Supervisory Board Vice-Chair Frank Elderson. But beyond materiality assessments, a great deal more work lies ahead
1/2

[2024-05-08 09:20 UTC]

Congratulations to Alain Busac who will join us in the coming months to take the helm of our Information Systems department.
We look forward to working together.
Press release
https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.pr240507~be89874e87.en.html

[2024-05-07 15:59 UTC]

Strong employment growth amid weak economic activity has recently led to declining labour productivity.
https://nitter.privacydev.net/search?q=%23TheECBBlog
discusses causes and prospects for a cyclical recovery in productivity growth.
https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240506~f9c0c49ff7.en.html

[2024-05-06 09:18 UTC]

Chief Economist Philip R. Lane talks to
https://nitter.privacydev.net/elconfidencial
about the current economic outlook and monetary policy.
Read the interview
https://www.ecb.europa.eu/press/inter/date/2024/html/ecb.in240506~3097f77978.en.html

[2024-05-06 06:10 UTC]

Did you know that our grandparents’ experiences can affect how we perceive future inflation?
Listen to
https://nitter.privacydev.net/search?q=%23TheECBPodcast
host Stefania Secola and researchers Dimitris Georgarakos and Geoff Kenny discuss the power of inflation expectations
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod240426_episode83.en.html

[2024-05-03 13:08 UTC]

Banks need risk-related data to make sound decisions and govern risks. Our final guide spells out how we expect banks to effectively aggregate risk data and report on risks. It also clarifies supervisory expectations on banks’ capabilities in that area
https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.supervisory_guides240503_riskreporting.en.pdf?2fbf048f28be4fea86bd63a9d8705a81

[2024-05-03 09:12 UTC]