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Public hearing with Andrea Enria, Chair of the ECB / SSM Supervisory Board - 7 November 2023
This briefing has been prepared for the public hearing with the Chair of the Single Supervisory Mechanism (SSM), Andrea Enria, scheduled for 7 November 2023. The briefing addresses: • The change at the helm of the Supervisory Board • Internal models supervision: where does the ECB stand? • Does TLAC work? • Latest supervisory banking statistics • Economy-wide climate stress tests • NPL reduction: Success at risk? • Significant risk transfer securitisations • Unrealised losses from debt securities ...
Public hearing with Andrea Enria, Chair of the ECB Supervisory Board
This note is prepared in view of a regular public hearing with the Chair of the Supervisory Board of the European Central Bank (ECB), Andrea Enria, which will take place on 27 October 2020. The briefing addresses (i) recent supervisory measures in response to the COVID-19 crisis, including an overview of the ECB’s COVID-19 vulnerability analysis and a discussion on the effectiveness of certain capital relief measures; (ii) the SSM’s response to the European Ϸվ’s 2019 Banking Union Report ...
Exchange of views with Andrea Enria, Chair of the Supervisory Board of the ECB
This note is prepared in view of an exchange of views in the ECON Committee on 5 May with the Chair of the Supervisory Board of the European Central Bank (ECB), Andrea Enria, on the economic impact and the response to the COVID-19 pandemic.
Has the application of the “fit and proper” regime improved governance structures in the Banking Union?
This paper examines trends in the size and composition of the boards of significant institutions during the 2011-2018 period, comprising several years before and after the ECB started conducting fit and proper assessments in 2014. Throughout this period, there have been trends towards directors who are more qualified, hold fewer other board positions, and are more likely to be female and a foreign national. Unlike in the pre-SSM period, however, more recently the average age of directors has increased ...
Public hearing with Andrea Enria, Chair of the ECB Supervisory Board
This note is prepared in view of a regular public hearing with the Chair of the Supervisory Board of the European Central Bank (ECB), Andrea Enria, which will take place on 12 December 2019. The briefing addresses (i) Single Supervisory Mechanism (SSM) priorities for 2020, (ii) Banks’ profitability issues; (iii) Stress testing developments; (iv) some individual bank cases; (v) supervisory issues and policies (anti-money laundering, Brexit, and impact of Basel III and IFRS9), and (vi) the completion ...
Draghi’s Term as ECB President and the Challenges Ahead
Mario Draghi took over as ECB President at a time of recession for the euro area economy and widespread concerns about whether the euro project could be sustained. The years since have seen an easing of fears of the euro breaking up and the economy recover without triggering inflation above its target level. As such, his presidency must be judged a success. Draghi’s achievements go beyond the successful implementation of monetary policy. He also played a key role in encouraging Banking Union and ...
Appointment of Christine Lagarde as president of the European Central Bank
During its September 2019 plenary sitting, the European Ϸվ is expected to vote on a resolution on the candidate (Christine Lagarde) for president of the European Central Bank (ECB). While it is the European Council that appoints the ECB president, it must first consult Ϸվ. Ϸվ's Economic and Monetary Affairs Committee (ECON) held a hearing with Christine Lagarde in September 2019 and then voted favourably on the candidacy. The ECB president is a key figure within the Eurosystem ...
European Central Bank appointments: Role of the European Ϸվ
Ϸվ plays an important role in the appointment processes of two European Central Bank bodies: the Executive Board and the Supervisory Board (Chair and Vice-Chair). This paper aims to: a) provide an overview of the relevant procedural provisions, b) present a selection of past appointments; and c) describe the evolving role of the European Ϸվ in those procedures. This document was prepared by Policy Department A for the Economic and Monetary Affairs Committee.
Outcome of the special European Council meeting of 30 June-2 July
The special European Council agreed on a package of EU high-level appointments including, the German Defence Minister, Ursula von der Leyen (Germany) as candidate for the office of European Commission President. The Prime Minister of Belgium, Charles MIchel, was elected as incumbent European Council President. Josep Borrell (Spain) was nominated for High Representative of the Union for Foreign Affairs and Security Policy and Christine Lagarde (France) for President of the European Central Bank.