Ecb Banking Supervision
Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Ecb banking supervision. The european central bank ecb is the central bank of the 19 european union countries which have adopted the euro. The ecb supervisory board is monitoring developments. Member of the executive board of the ecb and vice chair of the supervisory board of the ecb at the banking supervision resolution and risk management conference during the 21st euro finance week frankfurt am main 13.
Frankfurt am main 28 july 2020. 11 july 2019 what are benchmark rates why are they important and why are they being reformed. These measures will be revised as necessary.
For media queries please contact uta harnischfeger tel. The european central bank ecb is the central bank of the 19 european union countries which have adopted the euro. Access legal documents related to european banking supervision including ecb supervisory decisions and a compendium of relevant eu and international laws.
To assist banks in their preparation ecb banking supervision is publishing good practices outlining how banks can best structure their benchmark rate related governance identify benchmark rate related risks and create action plans and documentation in relation to the reforms. Banking supervision take a look at the ecb s banking supervision website for more in depth explainers on this topic. As of october the two countries significant banks will be supervised directly by the ecb.
49 69 1344 6321. Ecb banking supervision today published its first assessment of the potential vulnerabilities of the euro area banking sector in the wake of the coronavirus covid 19. More media publications.
The senior managers to head the respective business areas are. The ecb welcomes bulgaria and croatia to european banking supervision and their supervisory authorities to the supervisory board with full voting rights as first non euro area members. During this start up phase ecb banking supervision established banking supervision on the european level by successfully building on the best practices and supervisory cultures of the national competent authorities of the 19 euro area countries.