{"id":16005,"date":"2021-01-28T14:41:53","date_gmt":"2021-01-28T13:41:53","guid":{"rendered":"https:\/\/ebi.sefin.it\/?p=16005"},"modified":"2021-02-10T10:55:37","modified_gmt":"2021-02-10T09:55:37","slug":"ecb-asks-banks-to-address-credit-risk-and-improve-efficiency","status":"publish","type":"post","link":"https:\/\/ebi.sefin.it\/en\/en-news\/ecb-asks-banks-to-address-credit-risk-and-improve-efficiency\/","title":{"rendered":"ECB asks banks to address credit risk and improve efficiency"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-15980\" src=\"https:\/\/ebi.sefin.it\/wp-content\/uploads\/2021\/01\/BCE_EBI.jpg\" alt=\"\" width=\"396\" height=\"280\" srcset=\"https:\/\/ebi.sefin.it\/wp-content\/uploads\/2021\/01\/BCE_EBI.jpg 620w, https:\/\/ebi.sefin.it\/wp-content\/uploads\/2021\/01\/BCE_EBI-300x212.jpg 300w\" sizes=\"auto, (max-width: 396px) 100vw, 396px\" \/><\/p>\n<p>The European Central Bank (ECB) published the outcome of its 2020 Supervisory Review and Evaluation Process (SREP) and announced its supervisory priorities for 2021.<\/p>\n<p>This year\u2019s SREP results reflect an early decision by the ECB to take a pragmatic approach towards conducting its annual core activities on account of the coronavirus (COVID-19) pandemic.<\/p>\n<p>The ECB\u2019s pragmatic approach to the SREP focused on banks\u2019 ability to address the challenges and risks to capital and liquidity arising from the ongoing pandemic. The ECB decided that the Pillar 2 requirements (P2R) and Pillar 2 guidance (P2G) would be kept stable, and that the SREP scores would not be updated, unless changes were justified by exceptional circumstances affecting an individual bank. Supervisory concerns were addressed mainly through qualitative recommendations rather than supervisory measures<\/p>\n<p><!--more--><\/p>\n<p><u>In summary:<\/u><\/p>\n<ul>\n<li>Overall SREP requirements and guidance stable as a result of pragmatic SREP approach.<\/li>\n<li>Banks show resilience, but vulnerabilities remain in several areas, particularly credit risk.<\/li>\n<li>Supervisory priorities for 2021 are: credit risk management; capital strength; business model sustainability; and governance.<\/li>\n<\/ul>\n<p><span style=\"color: #ff6600; font-size: 20px;\">Read or download here:<\/span><\/p>\n<p><a href=\"https:\/\/ebi.sefin.it\/download\/comunicato-bce-alle-banche-28-01-2021\/?wpdmdl=15982&amp;masterkey=6017108263ccb\" target=\"_blank\" rel=\"noopener\"><i class=\"wp-svg-download-2 download-2\"><\/i> ECB&#8217;s Communication, 28th January 2021<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/ebi.sefin.it\/en\/software-and-services-for-supervisory-reporting\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff6600;\"><em><span style=\"font-size: 20px;\"><strong><i class=\"wp-svg-cog-2 cog-2\"><\/i> Look at our services for the supervisory reporting.<\/strong><\/span><\/em><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank (ECB) published the outcome of its 2020 Supervisory Review and Evaluation Process (SREP) and announced its&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/ebi.sefin.it\/en\/en-news\/ecb-asks-banks-to-address-credit-risk-and-improve-efficiency\/\" class=\"excerpt-read-more\">Read More \u2192<\/a><\/p>\n","protected":false},"author":2176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[539],"tags":[],"class_list":["post-16005","post","type-post","status-publish","format-standard","hentry","category-en-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - 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Easy Banca d&#039;Italia\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-28T13:41:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-10T09:55:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ebi.sefin.it\/wp-content\/uploads\/2021\/01\/BCE_EBI.jpg\" \/>\n<meta name=\"author\" content=\"VITTORIO CURCIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"VITTORIO CURCIO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ebi.sefin.it\/en\/en-news\/ecb-asks-banks-to-address-credit-risk-and-improve-efficiency\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ebi.sefin.it\/en\/en-news\/ecb-asks-banks-to-address-credit-risk-and-improve-efficiency\/\"},\"author\":{\"name\":\"VITTORIO CURCIO\",\"@id\":\"https:\/\/ebi.sefin.it\/#\/schema\/person\/cda8849b282472544f6533ec12bee1e5\"},\"headline\":\"ECB asks banks to address credit risk and improve efficiency\",\"datePublished\":\"2021-01-28T13:41:53+00:00\",\"dateModified\":\"2021-02-10T09:55:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ebi.sefin.it\/en\/en-news\/ecb-asks-banks-to-address-credit-risk-and-improve-efficiency\/\"},\"wordCount\":208,\"publisher\":{\"@id\":\"https:\/\/ebi.sefin.it\/#organization\"},\"image\":{\"@id\":\"https:\/\/ebi.sefin.it\/en\/en-news\/ecb-asks-banks-to-address-credit-risk-and-improve-efficiency\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ebi.sefin.it\/wp-content\/uploads\/2021\/01\/BCE_EBI.jpg\",\"articleSection\":[\"NEWS dedicated to banks and other financial intermediaries\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ebi.sefin.it\/en\/en-news\/ecb-asks-banks-to-address-credit-risk-and-improve-efficiency\/\",\"url\":\"https:\/\/ebi.sefin.it\/en\/en-news\/ecb-asks-banks-to-address-credit-risk-and-improve-efficiency\/\",\"name\":\"ECB asks banks to address credit risk and improve efficiency - 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