Presentation of the SSM Annual Report by Danièle Nouy, Chair of the Single Supervisory Mechanism - ECON on 22 March 2016

18-03-2016

This is a note prepared in advance of a regular public hearing as referred to in Regulation 1024/2013 and as in line with the Interinstitutional Agreement between the European Parliament and the European Central Bank. On 16 March, the ECB submitted to Parliament a draft of the Annual report on a confidential basis, which is under embargo until Tuesday, 22 March 2016 at 9:00. This briefing does therefore not rely on information provided in that Annual report. The following issues are addressed in this briefing: SSM's key priorities for 2016, a state-of-play regarding National Options and Discretions (NODs), a state-of-play regarding Non-Performing Loans (NPLs), the recent discussion on Pillar 2 capital requirements effecting the Maximum Distributable Amount (MDA), the EBA 2016 stress test, and a summary of external briefing papers provided in advance of the hearing. More detailed briefings on NODs, NPLs and MDA are also available on the homepage of the EP.

This is a note prepared in advance of a regular public hearing as referred to in Regulation 1024/2013 and as in line with the Interinstitutional Agreement between the European Parliament and the European Central Bank. On 16 March, the ECB submitted to Parliament a draft of the Annual report on a confidential basis, which is under embargo until Tuesday, 22 March 2016 at 9:00. This briefing does therefore not rely on information provided in that Annual report. The following issues are addressed in this briefing: SSM's key priorities for 2016, a state-of-play regarding National Options and Discretions (NODs), a state-of-play regarding Non-Performing Loans (NPLs), the recent discussion on Pillar 2 capital requirements effecting the Maximum Distributable Amount (MDA), the EBA 2016 stress test, and a summary of external briefing papers provided in advance of the hearing. More detailed briefings on NODs, NPLs and MDA are also available on the homepage of the EP.