The Single Supervisory Mechanism
On 30 July, the European Central Bank unveiled the 2021 supervisory stress test results, which demonstrated that the region’s banking system is resilient in an unfavourable environment.
Financial services regulatory news #1
Stay up to date with financial services regulation in Europe.
October 2021
Regulatory change perpetually creates opportunities as well as challenges for the financial services industry. We are proud to launch this newsletter to share Mazars’ insights and inform about regulatory developments in the EU and beyond. Our goal is to guide you through the complexity, provide views and opinions and engage.
The first edition is packed with the following topics
- We looked at post-pandemic actions and expectations of the ECB
- We discussed findings of the first ACPR climate stress test exercise
- The analysis of the impact of low level of banking consolidation in Europe
- Comments on the state of play in implementing the final Basel agreements
- Whether or not NPL secondary market may solve the increase in credit risk
If you would like to talk to us about any of these issues, please do not hesitate to get in touch with with our professionals.
ACPR climate stress test pilot exercise results
Climate change introduces considerable economic challenges. Financial institutions must contribute to the transition to a low-carbon and balanced economy to effectively combat global warming.
Banking consolidation in Europe: What to expect?
The low level of banking consolidation in Europe compared to other countries is raising concerns among the supervisory community in Europe. So what has been the impact?
The road to implementing the final Basel agreement
The unveiling of the new banking package “CRR3 – CRD6” on 27 October 2021 presents a further landmark on the road to implementing the final Basel III agreements.
NPL secondary market & increase in credit risk
The identification and management of non-performing loans or NPLs as early as possible by banks are among supervisors’ current high-level priorities.
Our insights
Financial services regulatory news #3
Stay up to date with financial services regulation in Europe.
Financial reporting of European banks study 2022
What are the lessons learnt from the Covid-19 impact on Expected Credit Losses (ECL) of banks in Europe?
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Sustainable finance policy tracker
Financial services organisations around the world are rethinking how they work in order to better embed sustainability into their business models. At the same time, climate stress tests are entering the mainstream in many jurisdictions. But even though regulation is fast developing, there is still a lack of consistency in the methods used and the extent of the commitments.
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Rastislav Begán CARL Partner, Audit Bratislava
