COVID-19: European Central Bank Confirms Easing of Prudential Measures for Large Eurozone Banks
04/15/2020The European Central Bank, Banking Supervision has published a letter addressed to the significant Eurozone banks that it directly prudentially supervises under the Single Supervisory Mechanism. The ECB, Banking Supervision, expresses its support of the EBA's statement dated March 31, 2020 on supervisory reporting and Pillar 3 disclosures. In line with the EBA's statement, the ECB: (i) confirms that significant Eurozone banks may delay by one month the submission of supervisory data for remittance dates between March 2020 and May 2020; (ii) excludes information on the liquidity coverage ratio; and (iii) is allowing firms an additional two months to submit information on funding plans.
The ECB recommends that Eurozone national regulators should apply the same delays to the smaller Eurozone banks.
View the ECB's letter to significant banks.
View details of the EBA's statement on supervisory reporting and Pillar 3 disclosures.
Details of other regulatory responses to COVID-19 are available on our COVID-19 Research Center.
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