​Discuss regulatory agenda closely followed by new ECB Supervisory Board

FRANKFURT, Germany, 9 January 2015 – The ESBG Presidents’ Committee today met with the European Central Bank (ECB) Supervisory Board Chair Danièle Nouy.  They focused on topics on the regulatory agenda followed with attention by the new board. 

Areas raised included a harmonised definition of capital in order to make future stress tests more reliable. Also discussed were internal models and the leverage ratio, governance and proportionality, reporting requirements and business models.

The ECB confirmed during the meeting that there will be no stress test in 2015 for all banks in the European Union, and the scope and periodicity need to be set. For those banks which are flagged by the supervisory authorities, there will be an annual exercise to see how banks would be affected for instance if hit by low interest rates.​