12

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Main factors for the subdued profitability of significant banks in the Banking Union

05-12-2019

This paper examines how the ECB should respond to the currently low profitability of significant banks in the Banking Union. The subdued profitability appears to be a structural problem caused by overbanking, with too many bank assets chasing too few profitable banking sector opportunities. To address the root problem of overbanking, the ECB should use its existing supervisory powers to require significant banks with unsustainably low profitability to restructure reducing their overall size. This ...

This paper examines how the ECB should respond to the currently low profitability of significant banks in the Banking Union. The subdued profitability appears to be a structural problem caused by overbanking, with too many bank assets chasing too few profitable banking sector opportunities. To address the root problem of overbanking, the ECB should use its existing supervisory powers to require significant banks with unsustainably low profitability to restructure reducing their overall size. This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.

Autor externo

Ata Can Bertay, Harry Huizinga

Impediments to resolvability of Banks

29-11-2019

This paper gives an overview of the seven aspects of resolvability defined in 2019 by the Single Resolution Board, and then assesses progress in two key areas, based on evidence gathered from public disclosures made by the 20 largest euro-area banks. The largest banks have made good progress in raising bail-in capital. Changes to banks’ legal and operational structures that will facilitate resolution will take more time. Greater transparency would make it easier to achieve the policy objective of ...

This paper gives an overview of the seven aspects of resolvability defined in 2019 by the Single Resolution Board, and then assesses progress in two key areas, based on evidence gathered from public disclosures made by the 20 largest euro-area banks. The largest banks have made good progress in raising bail-in capital. Changes to banks’ legal and operational structures that will facilitate resolution will take more time. Greater transparency would make it easier to achieve the policy objective of making banks resolvable.This document was provided by the Economic Governance Support Unit at the request of the ECON Committee.

Autor externo

Alexander Lehmann

Upgrading EU Company Law for digital solutions and cross-border operations

09-01-2018

Currently, EU company law is partially codified in Directive (EU) 2017/1132 relating to certain aspects of company law. Harmonisation of EU company law is a prerequisite for deploying a fully-fledged digital single market enabling all operators, in particular SMEs, to draw on the potential of the digital economy and to eliminate unnecessary barriers, while safeguarding their rights and providing legal and cyber security. Despite the recent codification and recently amended other pieces of EU company ...

Currently, EU company law is partially codified in Directive (EU) 2017/1132 relating to certain aspects of company law. Harmonisation of EU company law is a prerequisite for deploying a fully-fledged digital single market enabling all operators, in particular SMEs, to draw on the potential of the digital economy and to eliminate unnecessary barriers, while safeguarding their rights and providing legal and cyber security. Despite the recent codification and recently amended other pieces of EU company law, problems linked with legal certainty, administrative burden, unnecessary costs for companies resulting in lack of transparency or ineffective protection of companies, still remain. These points were noted and underscored several times by the European Parliament. The European Commission is expected to publish a legislative proposal on an EU company law package on 16 January 2018, potentially addressing digitalisation, cross-border mergers, divisions and conversions, as well as rules on conflict of laws related to company law.

Global Systemically Important Banks in Europe

23-05-2017

This briefing focusses on Global Systemically Important Banks (G-SIBs). It explains the definition agreed at international level and describes the regulatory and supervisory framework for G-SIBs in the EU. Finally it gives an overview of the financial profile of European G-SIBs. The briefing is regularly updated.

This briefing focusses on Global Systemically Important Banks (G-SIBs). It explains the definition agreed at international level and describes the regulatory and supervisory framework for G-SIBs in the EU. Finally it gives an overview of the financial profile of European G-SIBs. The briefing is regularly updated.

Single Supervisory Mechanism: The Evolution of SSM Banks’ Performances since 2013

13-09-2016

This briefing summarizes the financial performances of 110 banks supervised by the SSM since December 2013 i.e. the, cut-off date of the ECB Comprehensive Assessment. It focuses on eight financial indicators and looks at the relative performance of different groups of banks.

This briefing summarizes the financial performances of 110 banks supervised by the SSM since December 2013 i.e. the, cut-off date of the ECB Comprehensive Assessment. It focuses on eight financial indicators and looks at the relative performance of different groups of banks.

Banking Union – 2015 annual report

01-03-2016

Banking Union (BU) is an EU-level banking supervision and resolution system. It is one of the key components of the EU's attempt to create a 'genuine Economic and Monetary Union' (EMU) and to restore confidence in the banking sector in the aftermath of the financial and economic crisis. On 24 November 2015, the European Commission proposed to 'complete' the BU with a third pillar, a European Deposit Insurance Scheme (EDIS). In its first annual report, the European Parliament's Economic and Monetary ...

Banking Union (BU) is an EU-level banking supervision and resolution system. It is one of the key components of the EU's attempt to create a 'genuine Economic and Monetary Union' (EMU) and to restore confidence in the banking sector in the aftermath of the financial and economic crisis. On 24 November 2015, the European Commission proposed to 'complete' the BU with a third pillar, a European Deposit Insurance Scheme (EDIS). In its first annual report, the European Parliament's Economic and Monetary Affairs (ECON) Committee assesses the state of play of the BU. In focus are effects of capital requirements, proportionality concerns and the third pillar.

The European Council and Banking Union: European Council in Action

04-02-2016

The first permanent European Council President, Herman Van Rompuy, considered the June 2012 meeting to be 'the most important European Council' of his five-year term. At that meeting, euro-area leaders committed themselves to launching what is the most ambitious EU project since the introduction of the single currency – the Banking Union. The European Council not only provided the impetus to establish a Banking Union but EU leaders have also regularly monitored the progress being made. In the coming ...

The first permanent European Council President, Herman Van Rompuy, considered the June 2012 meeting to be 'the most important European Council' of his five-year term. At that meeting, euro-area leaders committed themselves to launching what is the most ambitious EU project since the introduction of the single currency – the Banking Union. The European Council not only provided the impetus to establish a Banking Union but EU leaders have also regularly monitored the progress being made. In the coming years, a number of challenges remain for the fine-tuning and completion of the Banking Union, and these could potentially require the European Council's further involvement.

Single Supervisory Mechanism: Where Do Stand One Year Later?

15-10-2015

This briefing includes a state of play of issues dealt with by the Single Supervisory Mechanism, a short summary of two expert papers assessing the progress made by those banks which failed the stress tests published in October 2014, and an analysis of the evolution of SSM banks' financial positions from 2013 to June 2015.

This briefing includes a state of play of issues dealt with by the Single Supervisory Mechanism, a short summary of two expert papers assessing the progress made by those banks which failed the stress tests published in October 2014, and an analysis of the evolution of SSM banks' financial positions from 2013 to June 2015.

Have European Banks Actually Changed Since the Start of the Crisis?

18-06-2015

In-Depth Analysis provided in advance of the public hearing of the Chair of Single Supervisory Mechanism on 25 June 2015.

In-Depth Analysis provided in advance of the public hearing of the Chair of Single Supervisory Mechanism on 25 June 2015.

Autor externo

Ata Can Bertay (Ozyegin University) and Harry Huizinga (Tilburg University)

Interim Results on Capital Shortfalls Disclosed by the ECB Comprehensive Assessment: How Much Progress Has Been Made by Banks that Were Requested to Take Action?

27-03-2015

On 26 October 2014, the ECB presented the results of its comprehensive assessment, stating that capital shortfalls were detected at 25 out of 130 participant banks, in total amounting to €25 billion. Each of the banks concerned had to explain to the ECB within two weeks after the public disclosure of the results how those shortfalls could be addressed within at maximum period of nine months. The ECON committee is interested to know how much progress has been made with mitigating actions since the ...

On 26 October 2014, the ECB presented the results of its comprehensive assessment, stating that capital shortfalls were detected at 25 out of 130 participant banks, in total amounting to €25 billion. Each of the banks concerned had to explain to the ECB within two weeks after the public disclosure of the results how those shortfalls could be addressed within at maximum period of nine months. The ECON committee is interested to know how much progress has been made with mitigating actions since the public disclosure of the capital shortfalls. Given that the overall timeframe for addressing the capital shortfalls has not yet fully elapsed, one can so far only present interim results on the progress made. On the request of the ECON committee Professor Sascha Steffen reviews the progress made and will present the final results by October 2015. The note presents some interim results.

Autor externo

Sascha Steffen

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