On 21 March 2019, the ECB published its annual report on supervisory activities for 2018 which report highlights the ECB's key achievements during the same year under the single supervisory mechanism. The ECB also published a speech on such report highlighting the SSM supervisory priorities for this year, including:
- the reduction of the stock of non-performing loans;
- the improvements to banks' internal processes for capital and liquidity adequacy (ICAAP and ILAAP processes)
- an assessment of the banks' resilience to liquidity shocks, and an introduction of new measures to examine IT and cyber risks.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
